Locks, like many of our daily necessities, have a very large rigid demand, and the lock industry is developing rapidly. Just like the sunrise industry, in recent years, China's hardware lock industry has developed at a rate of 15% per year, with an annual output value. It has reached more than 180 billion yuan and exports have reached more than 8 billion US dollars. It accounts for about one-third of China's total light industry exports, ranking the top three in the light industry export list.
It is understood that there are currently more than 1,400 lock-up enterprises registered in China, mainly small and medium-sized enterprises, mostly individual and private enterprises, which are basically labor-intensive industries. At least 95% of them are private enterprises, and private enterprises have become the main force in the development of China's hardware lock industry. China has become the world's largest producer and consumer of locks. The number of lock manufacturing enterprises with annual sales of more than 5 million yuan is about 1,000. The profits are mainly from exports. The industrial bases are concentrated in Guangdong, Zhejiang and Shandong. Among them, Zhejiang Wenzhou enjoys the reputation of “China Lock Capitalâ€, and Xiaolan Town, Zhongshan City, Guangdong Province is known as “Southern Lock Cityâ€.
On the other hand, in the international hardware lock market, developed countries in Europe and the United States have turned ordinary products into production in developing countries due to the rapid development of production technology and rising labor prices, producing only high value-added products, and China has a huge labor market. Naturally, it has become a processing and exporting country in the hardware lock industry. In the foreseeable future, the export situation of lock products will only be better.
Locks have large domestic demand
In the second half of 2009, China's economy gradually emerged from the shadow of the financial crisis, and real estate and other industries took the lead in warming up. On New Year's Eve, house prices and volume have experienced a near-crazy skyrocketing. The booming real estate industry has driven the development of many industries, including the demand for most construction hardware products, and the lock industry is the first to bear the brunt.
It is understood that there are currently more than 1,400 lock-up enterprises registered in China, mainly small and medium-sized enterprises, mostly individual and private enterprises, which are basically labor-intensive industries. At least 95% of them are private enterprises, and private enterprises have become the main force in the development of China's hardware lock industry. China has become the world's largest producer and consumer of locks. The number of lock manufacturing enterprises with annual sales of more than 5 million yuan is about 1,000. The profits are mainly from exports. The industrial bases are concentrated in Guangdong, Zhejiang and Shandong. Among them, Zhejiang Wenzhou enjoys the reputation of “China Lock Capitalâ€, and Xiaolan Town, Zhongshan City, Guangdong Province is known as “Southern Lock Cityâ€.
On the other hand, in the international hardware lock market, developed countries in Europe and the United States have turned ordinary products into production in developing countries due to the rapid development of production technology and rising labor prices, producing only high value-added products, and China has a huge labor market. Naturally, it has become a processing and exporting country in the hardware lock industry. In the foreseeable future, the export situation of lock products will only be better.
Locks have large domestic demand
In the second half of 2009, China's economy gradually emerged from the shadow of the financial crisis, and real estate and other industries took the lead in warming up. On New Year's Eve, house prices and volume have experienced a near-crazy skyrocketing. The booming real estate industry has driven the development of many industries, including the demand for most construction hardware products, and the lock industry is the first to bear the brunt.
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