China's manufacturing is superior to the world, and the hardware industry is gradually becoming mature.
With the rapid rise of the global economy, China has become the most dynamic economic region in the world due to its low cost of mature labor. China's industrial industry is developed, and the hardware manufacturing industry is developed. It has a tough advantage over the global hardware manufacturing center.
From the China hardware tool industry market status and investment strategy analysis report, the hardware tools include various manual, electric, pneumatic, cutting tools, auto maintenance tools, agricultural tools, lifting tools, measuring tools, tool machinery, cutting tools, fixtures, Tools, molds, cutting tools, grinding wheels, drill bits, polishing machines, tool accessories, measuring tools, abrasives, etc. Most of the domestic manual tool companies are based on low-end products or OEM, and high-end products and brand products are still controlled by European and American countries. If you have a place, expanding the influence of your own brand and improving product quality is also the key. With the continuous application of modern scientific and technological achievements in the industry, the competition in the hardware industry is becoming more and more fierce. Whether you want to gain a foothold in any area of the hardware industry, you must fully understand the development of the market.
The hardware industry is constantly being pushed to maturity
China's hardware industry has maintained a high-speed development since the early 1990s. At present, it has become an important hardware production country in the world, but it is undeniable that China's hardware industry is in product development, innovation, brand management, marketing management, There are many gaps in the world hardware industry in terms of enterprise scale and financial strength. In terms of market share, China’s share of total international trade is very low, and it is not commensurate with the identity of the major hardware producing countries. The reason is that China's hardware products are still in the low-grade, low-cost primary state. On the one hand, this gap brings a lot of resistance to the development of the hardware industry. At the same time, it also allows us to see huge market potential. As long as we upgrade our technical content, the road to China's hardware products is still broad.
With the acceleration of China's integration into the global economic environment and the rapid rise of economic power, China has become the most dynamic economic region in the world. China's economic facilities are relatively complete, industrial development is relatively mature and labor costs are low. It has the comparative advantage of becoming a global hardware manufacturing center, and the export-oriented development of hardware manufacturing is obvious.
The strengthening of the central position is first manifested in the overall growth of the export of hardware products in recent years: the export growth rate of major hardware products is higher than the growth rate of production, higher than the growth rate of domestic market sales; the main hardware and electrical products are fully blooming, not only The traditional export-oriented products such as power tools, hand tools and construction hardware products have a high growth rate, and the export growth rate of kitchen appliances and sanitary products with a small proportion of exports in the past is also very obvious. The huge market and central gravity will further attract the transfer of hardware multinational manufacturing centers to China.
In recent years, with the outbreak of the Chinese real estate market, the real estate industry has experienced unpredictable rapid growth. The hardware industry has been continuously pushed to maturity in the real estate army. The total output value of China's hardware industry is higher than that of the home appliance industry, and it is developing at a high rate of 20% per year. And with the improvement of the living standards of ordinary people, the brand hardware has entered the ordinary people's homes, especially the demand for products such as hardware brand door locks.
Thanks to the economic stimulus plan, the domestic economy and international trade and the real estate industry are driven by the overall demand for a large number of hardware parts and the scale is rapidly expanding. In the past seven years, China's metal products industry sales revenue has increased year by year, the growth rate has remained above 14%, and the market scale has continued to expand. And China's hardware manufacturing industry will reach the international advanced level as a whole. China has more than 10 billion US dollars of hardware products exported every year. With the improvement of the economic environment and the enhancement of the overall competitiveness of domestic hardware companies, this number continues to grow. The development potential of the hardware industry is huge, including single categories such as door locks and handles. The market capacity is around 100 billion yuan. And with the government's plan to stimulate domestic demand, the growth prospects of the hardware market will be extremely broad.