Smart fingerprint lock: analysis of key areas of China's electronic smart lock market in 2019-media reports

According to the statistics of China's smart lock market in 2019, at present, the regional distribution of China's smart lock industry is relatively scattered. Among them, Guangdong ranks first in the country, and Zhejiang, Beijing, Shanghai, Jiangsu, Henan, Sichuan, Hebei, Hubei, and Shandong are ranked respectively top ten. China's smart door locks sold about 8 million units in 2017, concentrated in North China and South China. It is expected that by 2019, the sales of smart door locks will exceed 32 million sets. Although compared with Japan, South Korea, Europe and the United States, China's smart door lock market penetration rate is lower, less than 3%. But for the domestic market, China has a population of approximately 1.4 billion people and 400 million households, of which more than 70% of the households are three or more households, and the average family size is three or more people. With the intensification of the aging population and the second child With the liberalization of the birth policy, the proportion of the elderly and children in the population has further increased, which exceeded 37% in 2015. Compared with traditional door locks, smart locks are more suitable for the elderly and children to use, avoiding traditional behaviors such as losing keys. Therefore, 97% of households have a need to upgrade from mechanical locks to smart locks, and the number of new houses each year will still maintain a relatively high vitality. From the perspective of the domestic market, the smart lock industry is showing explosive growth, and the market is still in continuous development. From a geographical point of view, the development of smart locks in the Yangtze River Delta and the eastern coastal areas is the most advanced. On the one hand, it is related to the higher trade environment and economic development of these areas. On the other hand, these areas have relatively large fingerprint lock manufacturers. The Zhejiang region, which is closely followed, has also shown good competitiveness in terms of popularity. However, compared with the Guangdong region, there are only a handful of fingerprint lock manufacturers in the Zhejiang region. Among them, Fuyu has a 36-year history in Zhejiang and is an old brand. Fuyu Smart Lock was established in 1993. After years of development, Fuyu has world-class hardware processing technology and modern fully automatic production lines. Including advanced mold processing lines, automatic die-casting production lines, automatic polishing lines, the world's advanced automatic electroplating lines, electrophoresis lines, spraying lines, vacuum coating lines and other diversified surface treatment processes and various forms of assembly lines, these modern The production line and equipment are the cornerstones of Fuyu's excellent quality of precision products. Fuyu also established a national product testing laboratory, with spectrum tester, salt spray tester, coating thickness tester, UV tester, constant temperature and humidity tester, color difference tester, tensile strength tester, life cycle tester, etc. A complete set of intelligent hardware testing equipment ensures the full control of product quality. Before leaving the factory, each lock of Fuyu has to undergo more than 100,000 trouble-free tests, door-close and door-open tests, as well as the most stringent anti-corrosion, anti-oxidation and color difference tests. In addition to the Guangdong and Zhejiang regions, the popularity of smart locks in Beijing, Shanghai, Jiangsu and other regions is also rising. However, after investigation, it is found that there are no well-known smart lock manufacturers in these regions. The rise in popularity and the popularity of smart locks nationwide It's not unrelated. The rapid development of smart locks in key areas has not only affected the market enthusiasm in all regions of the country, but also played a role in promoting the development of the online market. In the past, smart lock retail channels mainly relied on offline channels and engineering channels, among which dealers and engineering bidding were the main sales methods. But now with the development of the Internet, online channels for end consumers are also developing in full swing.

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Further dialogue of FUYU between the approaches, the chapter concludes, could lead to actionable advice on more robust policies that drive both structural change and competitiveness upgrading.