China Hardware Industry Grand View: 70% are private enterprises

At present, China's daily hardware industry has entered the forefront of the world. It has established 14 technology development centers such as zippers , electric shavers, stainless steel vessels, iron pans, blades and bicycle locks , and 16 product centers such as pressure cookers, electric shavers and lighters . At present, most of these centers have developed into industry leaders, and some have become world leaders and have achieved good economic returns. It is understood that at least 70% of China's hardware industry is now a private enterprise, which is the main force for the development of China's hardware industry. China has gradually become a major hardware processing and exporting country in the world, and has become one of the world's largest hardware manufacturing countries, with a broad market and consumption potential. Hardware Industry Market Development Overview and Trends Hand Tool Market: Increasingly Intelligent and Humanized In the international hardware market, developed countries in Europe and America have turned their universal products into production in developing countries due to the rapid development of production technology and rising labor prices. High value-added products, and China has strong market potential, so it is more favorable to develop into a hardware processing exporting country. China's hand tool market is mainly distributed in Zhejiang, Jiangsu, Shanghai, Guangdong, Shandong and Taiwan, with Zhejiang and Guangdong being the most prominent. Zhejiang Yongkang has always been known as the “hometown of hand tools”, and Zhejiang people have a strong sense of market operation. From the original hot pot products, stainless steel vacuum flasks to the scooter that last year, they brought a lot of money. Guangdong is also about to become the world's hardware tool mold center. At present, more than 6,000 mold companies have gathered in Shenzhen and the Pearl River Delta region, employing more than 200,000 people. It has held five consecutive South China International Mould Exhibitions in Shenzhen, attracting more than 1,000 companies from 25 countries and regions. It is the most professional and international mold industry exhibition in China today. DIY products have become the new favorite of the hardware related industry market. In recent years, in Europe and the United States, the design of building hardware products in developed countries is easy to install and maintain, and the products and tools that can be assembled by themselves are greatly welcomed by the market. According to analysis, in the next two years, domestic construction hardware products will also move towards an intelligent and humanized development path. Taiwan's hand tool industry adjusts product structure. Taiwan's hand tool industry has certain advantages in the world due to its stable product quality, on-time delivery and complete product range. Moreover, the sales of hand tools in Taiwan are mainly based on the overseas market. At present, there are about 5,000 local manufacturers, mostly distributed in the central part of Taiwan Island, mainly to small and medium-sized enterprises. According to the survey data show that, individually hand tools product category, the sleeve for the bulk of exports, followed by a combination of hand tools, gardening tools for the third, fourth class wrench, pliers ranked fifth. Tool Market: Increasing Market Competitiveness According to reports, the demand for the tool market in the world is growing. Among them, Europe and North America have stable growth, especially in Eastern Europe. The Asian market has rebounded slightly, the market potential is very large, and the Latin American market has grown significantly, especially in Mexico. At present, the world's cutting tool sales exceed 10 billion US dollars, and the industrially developed Europe, North America, Japan and Australia three markets account for 75% to 80%. In Asia, China is also an important market. It is predicted that the demand for cutting tools in China is between RMB 7 and 8 billion. Among them, the high-precision, high-efficiency and high-reliability modern tools, such as hard alloys and ceramics, can be used for indexing tools. 100 million yuan, of which 80% to 85% are imported, and more than 90% of tool imports are used in mold manufacturing. In the past year, the demand for the tool market has grown slowly, mainly because of the increased tool life, and the need for users to address the entire manufacturing process, replacing many machine tools and tools. As well as the increasing use of multi-tools, it has replaced many simple tools with single functions. In the future, users will pay more attention to the research and development of tools in the production plant, not only in the field of materials and surface coating technology, but also focus on production practices in tool products and their production processes, helping tool manufacturers to increase their familiar areas. Market competitiveness.

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