China's smart lock development still have large space

- Aug 22, 2019-

Smart home has become an irreversible trend. As the focus of home smart security systems, Smart locks have quickly entered the consumer vision in the past few years.

 

According to China Industry Information Website, in 2016, China's smart lock sales reached 3.5 million sets, accounting for about 30% of global smart lock sales. In 2017, it increased to 7 million sets. The total output value of the industry exceeded 10 billion yuan, showing a rapid growth trend. It is expected that by 2020, China's smart lock sales will exceed 32 million sets. Among them, online and offline retail sales are rapid. It shows that smart locks, as a just-needed product for home security, have gradually been accepted by the public as a necessity.

 

However, in contrast to sales, China's smart lock penetration rate is still only 5%, while Europe and the United States reached 35%. Although the penetration rate is low, it also means that China has a large demand for smart locks, and there will be a great space for the development of intelligent locks.

 

Based on the above reasons, China's smart lock market is considerable, and various industries have devoted themselves to the "big cake" and fiercely compete for the "smart lock" market.

mk726

Xiamen MAKE Security Technology Co., Ltd., grasping the market trend, developed a series of high-security smart locks, which are widely used in workspace, education, healthcare, sports, factories, etc. We have been committed to the security field for decades years. MAKE has become one of the most professional industrial lock manufacturer.