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In the evolving world of hardware locks, digital fingerprint technology is set to revolutionize the industry. Traditionally, China's lock market has been dominated by mechanical mortise and ball locks, which are simple in design and production. While these locks are reliable and easy to manufacture, their technological content is low, making it difficult for them to evolve or innovate. After nearly two decades of development, the domestic lock industry has struggled to break through, remaining focused on practicality and security rather than innovation.
However, the rise of electronic fingerprint locks is changing the game. With advancements in intelligent security and chip technology, smart locks have gained momentum. Major brands like Huitailong, Bailemen, Mingmen, and Sakura have introduced high-tech fingerprint locks, while Puxin Hardware is also investing heavily in digital smart locks. According to industry insiders, the future of the lock industry may lie in these intelligent systems, which offer a large market opportunity with high profit margins and significant after-sales potential.
For companies to survive and thrive, they must balance both high-value and volume products. High-end smart locks bring greater profits, while basic models help attract customers and build brand awareness. Ball locks can serve as the volume product, while mortise and electronic locks target higher margins.
The door and lock industries are increasingly focused on personalization. Although the lock industry was once ahead in scale, the door industry has now surpassed it in growth. Today, the door industry acts as a barometer for the lock sector, with lock manufacturers often designing products to match new door styles. Many European-style locks are inspired by high-end European doors, showing the strong link between the two industries.
Currently, door companies hold the upper hand in collaborations with lock manufacturers. Most lock companies seek partnerships, while few door companies take the initiative. Many lock producers view their products as accessories to doors, believing that only if the door company is satisfied can their locks be sold.
Looking ahead, the demand for high-end locks in China is expected to surpass $10 billion. Lock companies must invest in high-tech, high-value products and improve quality while building brand awareness. As more door companies choose reputable lock brands, the need for locks with both functionality and artistic value will grow. This means lock manufacturers must focus on design and R&D to create unique, differentiated products.
Customization is becoming a key trend. Since doors and windows are often custom-made, the lock industry is following suit. With household items like furniture and cabinets being tailored to individual needs, it’s only natural that locks could also be customized. The trend of bundled sales—where consumers prefer pre-locked doors—is growing, increasing demand for integrated solutions.
In the future, customization in the lock industry may take two forms: either locks become part of a door company’s production line, or a design firm coordinates with both door and lock manufacturers to fulfill specific orders. The brand owner in such cases would be the design company. Some door companies are already exploring this model.
As the lock industry matures, smaller players may struggle to keep up, but those that endure will gain stronger competitiveness and better capabilities for customization. In the coming years, major brands and established companies are likely to lead the way, ushering in a new era of collaboration and innovation. Customized locks are set to open up a new "blue ocean" for the industry.