loading

One Stop Solution Manufacturer for all kind of Stamping Products and CNC lathed products.

The lock market has huge capacity and demand advantages help the industry develop

The overall capacity of my country’s traditional lock market is about 70 billion. Manufacturers are mainly concentrated in Zhejiang, Guangdong, Shanghai and Shandong. In the category layout, Zhejiang Wenzhou has formed a traffic lock manufacturing base, and the Zhejiang Provincial Party Committee and Provincial Government Pujiang County Party Committee and County Government Under the direct leadership of governments at all levels and the enthusiastic service of various functional departments, we have traversed a unique development path.

  The so-called characteristic is the cluster-type development method. At present, there are more than 500 lock manufacturers in Zhejiang, with a large number of manufacturers and large output. This is the biggest characteristic of the Zhejiang padlock industry. The rapid growth of the lock industry is particularly interesting.

   At present, the industry sales are about 40 billion yuan, and the output is 1.9 billion. According to customs statistics, the average annual export growth rate of the lock industry during the Eleventh Five-Year Plan period reached 31%, twice the average rate of the hardware industry. year 2006? In 2008, before the financial crisis, the total exports of lock products were US$1.516 billion, US$1.963 billion, and US$3.589 billion, respectively, with growth rates of 27.3%, 29.5% and 82.2%. It can be seen that the export of the lock industry reached a new peak in 2008. However, in 2009, due to the impact of the global financial crisis, the export of lock products also saw a certain degree of decline. In 2009, the export of locks was US$2.995 billion, a year-on-year decrease of 16.6%. In 2010, with the improvement of the foreign financial situation, the export of locks reached US$4.003 billion, not only returning to the pre-crisis export level, but also increasing.

   In the first half of 2011, the export value of locks was US$2.082 billion, a year-on-year increase of 15.9%. Based on this calculation, it is expected that the annual export value should exceed the overall level of the previous year. In just five years, the export value of lock products has increased from US$1.516 billion to more than US$4 billion, and the momentum of rapid growth is still maintained. We have reason to have a high degree of confidence in the future development of the industry, and the lock market still has huge room for development. However, due to the lack of brands and channels, domestic companies just take orders to produce and deliver products, and they don’t know who the products will be sold to, how much they will sell, or where they will be sold.

  Does not understand the end market demand, which leads to passive production and low efficiency. Therefore, we must correct this drawback. In terms of imports, in 2006? In 2008, the import of lock products reached 321 million U.S. dollars, 340 million U.S. dollars, and 393 million U.S. dollars, with growth rates of 34.9%, 5.92% and 15.6% respectively. In 2009, the import of locks was also affected by the financial crisis, with an import value of US$369 million, a year-on-year decrease of 6.1%. In 2010, the import value of locks reached US$504 million, an increase of 36.6%. In the first half of 2011, the import of locks was US$273 million, a year-on-year increase of 16.2%. It is expected that the annual import value will reach US$550 million. The rate of import is increasing, indicating that there are more and more foreign products in China's high-end market.

   The technology is backward, the product capacity is severely surplus, the low-end products are many, the mid-to-high-end products are few, the product quality is unstable and there is still a certain gap with developed countries, lack of high standards, high efficiency, lack of core technology and independent intellectual property rights, lack of world Well-known brands, in short, lack core competitiveness and international market leading ability, irrational corporate structure, irrational product structure, and the leading role and exemplary role of the enterprise have not been fully utilized. If this phenomenon does not change, it will not be sustainable in the future. Before the meeting, I visited the Meihua Lock Factory. Meihua has improved labor productivity by 600% through the transformation of the automatic assembly line. With an investment of 180,000 yuan in equipment, one to one and a half years can earn back the investment in equipment.

   Both in terms of their basic situation and their respective scales, each has its own merits. Among them, Zhongshan's lock enterprise has developed the fastest and has a deeper historical accumulation. The development momentum of Wenzhou lock industry is also relatively strong.

GET IN TOUCH WITH Us
recommended articles
Info Center Industry Service Blog
Did you know that the quality of lead frames has a significant impact on the precision and performance of your electronic devices? When it comes to choosing reliable lead frame manufacturers, there are several factors to consider.
Introduction:

Lead frames are an essential component in the manufacturing of high-performance parts for various industries.
Choosing the right lead frame manufacturer is crucial for the success and quality of your electronic devices.
Lead frame stamping is a critical process in the manufacturing of electronic components, especially as technology continues to advance at a rapid pace.
When it comes to precision stamping, lead frames are an essential component in many electronic and mechanical devices.
High-Quality Lead Frame Stamping for Electronics

The demand for high-quality lead frame stamping in the electronics industry continues to grow as companies strive to produce smaller, lighter, and more efficient electronic devices.
Expert Lead Frame Suppliers for Custom Stamping Projects

Are you in need of high-quality lead frames for your custom stamping projects? Look no further than our expert lead frame suppliers.
As of 2024, lead frame stamping services continue to play a critical role in the manufacturing and assembly of electronic components.
Future Trends in Lead Frame Stamping Technology

As technology continues to advance at a rapid pace, the world of lead frame stamping is no exception.
no data
Dongguan Fortuna was established in 2003. It has a factory area of 16,000 square meters and 260 employees. It is a production enterprise specializing in precision metal stamping parts, precision CNC processing, injection molding and product assembly.
Contact us
Japanese office
2-47-10-203Nishifunahashi, Hirakata City, Osaka
Adress
No. 226, Shida Road, Dalingshan Town, Dongguan 523810, Guangdong, China
Copyright © 2023 Dongguan Fortuna Metals Co, Ltd. - www.dgmetalstamping.com | Privacy Policy Sitemap
Contact us
email
contact customer service
Contact us
email
cancel
Customer service
detect