Three directions for the future development of China's lock enterprises

According to statistics, China's locks are exported to 160 countries and regions, and annual export earnings reach 8.374 billion yuan. China has become the world's largest producer and consumer of locks. With the increasing demand for decorative home hardware, the lock market will continue to grow at a high rate of over 20% per year.

In recent years, the production of residential houses, commercial housing, and automobiles in China has also rapidly increased, making the country’s demand for various kinds of locks increasingly large.

According to the data of the Ministry of Commerce, in the first half of 2007, the motor vehicle output was 4.95 million, an increase of 22.9% over the same period of last year; of which, 2.43 million were passenger cars, which was an increase of 25.8% from the same period of last year. The rapid increase in automobile output provided a larger market for the automobile locks. The development space, especially the high-end smart anti-theft locks in car locks, has huge market potential.

In addition, the production and sales volume of agricultural vehicles in China has increased significantly. With the “automation” of agricultural vehicles, the demand for locks will also increase substantially. The development of agricultural vehicles will provide a broad market for the lock industry.

From the perspective of the lock market, the lock market will remain dominated by mechanical locks for a long time. China’s domestic demand and exports are getting higher and higher, and they are growing rapidly. The increase in demand provides a good space for the development of locks in China.

At present, China's lock products have evolved from the past with single mechanical marble padlocks and door locks to multiple fields, multi-colors, multi-functions, and many varieties. There are more than 8000 varieties of products in more than 100 series and more than 20 products in the industry; the product structure is also from the traditional single-leaf locks, double-leaf locks and other mechanical products, to the spherical door locks, handle door locks, electronic locks, Magnetic card locks, IC locks, car locks, motorcycle locks, fingerprint locks, digital locks and other electronic, mechanical and electrical integration, biometrics, and intelligent development, and focus on the combination of product functionality and decorative, basically forming a high Medium, low-end supporting product system.

However, the use of locks in high-end hotels and hotels in China is still dependent on imports. The domestic market for high-end locks is still controlled by foreign locks. Our products currently have no competitive power. Although China's lock manufacturing industry has improved both in terms of product technology and product quality, the development of high-end locks still requires efforts.

Therefore, our future development direction is:

1. The development of high-end locks The high-end locks have a bright market prospect. Because the high-end locks have high technical content, more prominent humanity and individualized characteristics, the product profits are also relatively high. Should increase investment in high-tech locks and promote the structural upgrading of China's lock industry.

2. The implementation of brand-name strategic lock industry well-known enterprises and brands can produce huge economic and social benefits. After China's accession to the WTO, China's locks face more severe challenges, and competition encourages enterprises to respond positively, so that China's production from locks to power from the big country.

3. The implementation of diversified development of locks companies to accurately position themselves and the market, the implementation of multiple development. In the so-called field, we design locks that cater to the public and have individual needs, avoiding the fierce competition brought about by similar public locks. In addition, companies must take the road of a diversified market and avoid being affected by a certain factor and affecting the fundamental development of the company.