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China Hardware Market Development Present Situation And Future Trend Analysis
Jan 17, 2018

 

 From China's hardware industry, the status quo and investment strategy analysis report to understand hardware tools, including a variety of manual, electric, pneumatic, cutting tools, car care tools, agricultural tools, lifting tools, measuring tools, machine tools, cutting tools, Knives, molds, cutting tools, grinding wheel, drill, polishing machine, tool accessories, measuring cutting tools, abrasive abrasive and so on. Most domestic manual tool companies are mainly low-end products or OEM OEM, high-end products and branded products are still dominated by European and American countries. If you have a place, expanding its own brand influence, improve product quality is also key, with the continuous application of modern scientific and technological achievements in the industry, hardware competition is more and more fierce. No matter which field in the hardware industry wants to gain a firm foothold, we must fully understand the market developments.Brass polish CNC turning part Bulk Production

 

China's hardware industry since the early nineties of last century has always maintained a trend of rapid development, has become the world's major hardware producer, but it is undeniable that China's hardware industry in product development, innovation, brand management, marketing management, Enterprise size, financial strength and many other aspects of the world's hardware industry there is a big gap. In terms of market share, our country has a very low share of the total international trade and is not commensurate with the status of a major producer of hardware products. The reason is that China's hardware products are still in the low-grade, low-cost primary state. This gap on the one hand to the hardware industry has brought heavy resistance, but also allow us to see a huge market potential, as long as the upgrading of their technical content, our country hardware products bigger and stronger road is still wide.

 

With the acceleration of China's integration into the global economic environment and the rapid rise of its economic strength, China has become the most dynamic economic region in the world. China has relatively complete economic facilities, relatively mature industries and low labor costs. It has the comparative advantage of becoming a global hardware manufacturing center and has obvious characteristics of outward-oriented development of hardware manufacturing.Aluminum passivation CNC milling product Bulk Production

 

First of all, the strengthening of the central position shows the overall growth of exports of hardware products in recent years: the export growth rate of major hardware products are higher than the growth rate of production, higher than the growth rate of sales in the domestic market; the major hardware appliances bloom in full bloom, not only The traditional export products such as power tools, hand tools and construction hardware products witnessed a sharp increase. In 2004, the export growth rate of kitchen and electrical products and sanitary products, which had a small share of exports in the past, was also very clear. The huge market and center gravity will further attract the transfer of hardware multinational manufacturing center to China.

 

In recent years, with the outbreak of China's real estate market, the real estate industry has witnessed an unpredictable rapid growth. Hardware industry in the real estate army has been continuously pushed to maturity. China's hardware industry output value higher than the appliance industry, and the rapid growth of 20% annual growth rate. And with the improvement of people's living standards, brand hardware openly into the ordinary people's homes, especially in hardware brand locks and other products demand is particularly strong.CNC turning aluminum electroplate product Bulk Production

 

More benefited from the economic stimulus plan, the domestic economy and international trade and the real estate industry under the comprehensive drive, a large number of hardware parts demand, the rapid expansion of the scale. In the past seven years, China's metal product industry sales revenue increased year by year, the growth rate remained above 14%, the market continued to expand. The hardware manufacturing industry in China will reach the international advanced level as a whole. China's annual export of more than 100 billion US dollars of hardware products, with the improvement of economic environment and the overall competitiveness of domestic hardware companies, this figure is still growing Hardware Products Industry has great potential for development, including locks, handles and other single category Market capacity is 100 billion yuan. And with the government stimulating domestic demand plan, the hardware market growth prospects will be extremely broad.Brass electroplate custom cnc machining product Bulk Production

 

With the current domestic brand economic development, brand hardware more profitable.


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