Industry development of mechanical locks

Mechanical lock is an essential hardware tool in people’s life, as a business person, have a computer cable lock can let you feel at ease in public places, as a decoration company, have a combination key lock box can better manage the construction of the person in charge of access, as a self-storage company, to provide customers with high quality padlock can better manage storage facility. WS LOCKS LIMITED we provide lock solutions for various occasions and different uses, and provide flexible customized services with low minimum order quantity for B-end customers.


Industry development overview

At present, the annual sales volume of the domestic lock industry has reached more than 40 billion yuan, the production capacity has exceeded 2 billion sets, and the annual export volume has exceeded 10 billion yuan. In the future, our lock market will still grow by more than 20% per year.

As the lock industry is a labor-intensive industry, the entry threshold is low, the degree of specialization is not high, high-end products are very rare. The competition of low-end products in China has already become white-hot. Due to the rising price of raw materials, the increase of labor costs, and the competition of more and more new technologies and new products, the life of lock enterprises becomes more and more sad. In fact, a new round of technological competition in the lock industry has begun, and the future development trend of high-end products with high technology content is obvious.

In recent years, with the rapid development of residential, automobile, middle and high-end office buildings and hotels and other pillar industries, as well as national defense, public security, financial and other systems for high defense lock products increasing demand. Because of the high technology content of high-end lock, more prominent humanized, personalized characteristics, so the product profit is relatively high. Coupled with the acceleration of lock product replacement, high-end locks will gradually become the mainstream of the lock market.

China has formed four major production bases, Wenzhou in Zhejiang province, Zhongshan in Guangdong Province, Shandong Province and Shanghai. With the further increase of the lock market cake, hardware lock small and medium-sized enterprises will face more opportunities and greater competition. The development of new products in the lock industry has improved the product technology and grade, but there are not many high-grade products.

The development of lock products is to follow the market, as long as there is a market demand, lock companies must also go to explore marriage judgment foot, to occupy the high-end market. With the deepening opening to the outside world and the speeding up of the development of high-grade construction, the development of high-grade lock market has great potential, there will certainly appear a large number of high-end enterprises. At present, China is still a developing country, and lock manufacturers are mainly small and medium-sized enterprises, and low-level repeated construction is very serious. Lock enterprises want to develop first or from the product, quality and brand.

Lay a good foundation of cash + strength, with a certain amount of capital to better develop some high-end products. At the same time, lock enterprises should increase efforts to adjust the product structure, market-oriented, looking for entry points, vigorously carry out scientific and technological research, form their own core technology and patents, through integrated innovation and introduction, digestion, absorption, in the creation of cool should adopt less new to accelerate the development of new products.

Post time: Mar-14-2023

Post time: 03-14-2023
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