As per Allied Market Research, the global market value of security locks was registered at $2366.51 million in 2020. This value is anticipated to increase at a CAGR of 20.1% and reach $14,972.3 million by 2030. These statistics clearly depict how profitable a wholesale security lock distribution business can be.
To succeed in this competitive market, you must ensure to provide all types of security locks to your customers. That is also because the old generation still prefers padlocks over smart locks. We have crafted a list of seven different types of security locks that you should stock:
You should consider the following things to select a perfect security lock distributor for your business:
What is the most secure lock type?
A deadbolt lock is considered to be the most secure type of security lock available in the market.
What are the hardest locks to break into?
Security locks made with granite come with a special coating black coating on the body and shackle. Also, granite locks offer very high levels of corrosion protection.
Can smart locks be hacked?
Yes, any technology that connects to the internet has the potential to be hacked. Also, smart locks are of no use if you lose your mobile phone or device with which the locks are connected. So, make sure you choose secure smart locks with higher safety layers.
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