The market for padlocks - Italy

A padlock is a type of portable lock intended to provide general protection against theft, vandalism, and burglary. Normally a padlock is used in conjunction with a chain, or to lock doors or shutters by means of metallic rings for anchoring. It consists of a case in which there is a lock mechanism and a metal ring that can be either opened or closed; in some cases the ring is replaced by a pin. The mechanism is controlled by a key or by means of numbered combination wheels. The case of present-day padlocks can be made of iron, brass, steel or stainless steel, or even hardened steel (the latter bear the inscription "hardened"); some models are made with a one-piece case, others in brass possoso have the case itself protected by a steel shell. There are many models of padlocks that segment this market, from the locking system, to the degree of security, to the different sizes and materials used to suit any type of use. China is the leading exporter of padlocks; in 2020, it exported 5 times more than the second largest exporter, Mexico. Italy is present in the international trade of padlocks as the 8th largest exporter by value. Made in Italy quality is appreciated all over the world, and importing countries are more likely to spend more for better quality. The padlock market has not escaped technological developments, however, with the emergence of connected padlocks: these padlocks can be unlocked directly via a smartphone (remotely or locally) with Bluetooth or fingerprint operation. However, their use is still secondary and the priority is on mechanical locks. Innovations in this market show that it still remains an interesting market, which prospects new growth in the future.