China's hardware lock industry is mostly small businesses

China's hardware lock industry is still in the low-end ranks, and the industrial chain is immature. One of the biggest characteristics is that there are many small and micro enterprises. Although this can make the market fully competitive, the phenomenon of serious homogenization still seriously hinders the development of the industry.

China's hardware lock industry is still in the low-end ranks, and the industrial chain is immature. One of the biggest characteristics is that there are many small and micro enterprises. Although this can make the market fully competitive, the phenomenon of serious homogenization still seriously hinders the development of the industry. At present, domestic brands that are recognized by consumers and are well known are relatively rare. Although the development situation is good, but the level of competition is still relatively low, when the quantitative change causes qualitative change, the industry still lacks a real one. According to Yubo Zhiye Market Research Center, the future competition pattern will still be brand, quality and channel. In particular, the competition in the future market will no longer be the competition of domestic enterprises. Foreign lock giants have poured into the Chinese market, and the actions of foreign companies to acquire Chinese enterprises are accelerating.

The current lock industry has begun to advance to the mid-to-high-end position, from the traditional workshop-style manufacturing to the brand-name enterprise design. Brand-name products are increasingly popular with new middle-class consumers. The narrowness of domestic development ideas makes the entire industrial chain unable to expand, and it is difficult to form a systematic and serialized development.

Corporate brand awareness needs to be strengthened. The current lock industry has begun to move to the middle and high-end level, from the traditional workshop-style manufacturing to the brand-based enterprise design. Brand-name products are increasingly popular with new middle-class consumers. The narrowness of domestic development ideas makes the entire industrial chain unable to expand, and it is difficult to form a systematic and serialized development. The lack of brand awareness has made the domestic lock industry unable to produce famous brand companies and star products. Most companies can only represent international brands as a "worker" and become a "supporting role" in the vast market of the domestic lock industry.

With the opening of the market and the acceleration of the process of China's lock industry and the world, high-end products will be the market high ground for international competition. Lock products with safety, aesthetics and decoration will be the mainstream of the future. The development of electronic smart locks will enter the fast lane of development. According to market research data, the domestic lock market will have a share of high-tech products such as biometrics and electronic technology of 40 billion yuan, with a total of more than 50 million sets.

With the rapid development of pillar industries such as residential, automotive, medium and high-end office buildings and hotels, as well as the increasing demand for high-precision lock products for defense, public security, and financial systems, the prospects for the high-end lock market are optimistic. According to experts, high-tech products such as biometrics and electronic technology in the consumer market of locks are still in a blank stage, but the demand for consumers in the market is growing every year. Various lock companies have developed ic card electronic door locks, electronic code locks, encrypted magnetic card door locks, building intercom anti-theft systems, valve locks, etc., as well as fingerprint locks. Because of the high content of high-end locks, more humanized and personalized, the profit of products is relatively high.

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Label: China's hardware lock industry is mostly small enterprises

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