Hardware market has a promising growth prospect

Hardware market has a promising growth prospect In 2012, with the development of the domestic hardware market, China’s daily hardware industry has entered the forefront of the world: Since 1996, China has established 14 technology development centers including zippers, electric shavers, stainless steel vessels, iron pans, blades, and bicycle locks. Most of these centers have now become the vanguard of the industry, and some have become leaders in the world. For instance, the output value of the Zhaoxing Group, which produces zippers, exceeds 320 million yuan.

With the continuous improvement of China’s status in the world, more and more countries around the world have begun to use Chinese hardware products, which has stimulated the development of Chinese hardware products to some extent. It is understood that at least 70% of China's hardware industry in 2012 is a private enterprise, the main force for the development of China's hardware industry. Although the financial crisis in previous years has had a slight impact on China’s hardware exports, it has improved since 1999. Foreign exchange earned through exports rose from US$2.76 billion in 1995 to US$3.847 billion in 1999, an increase of 71.74%, with an average annual increase of 11.4. %, has been steadily growing since then.

China has gradually become a world's largest metal processing country and exporter. China's hardware industry exports are currently growing at an annual rate of more than 10%. Last year, exports exceeded 5 billion U.S. dollars, ranking third in China's exports of light industries.

According to experts, in the next two years, China's architectural hardware products will also move toward an intelligent and humanized development path. In the international hardware market, developed countries have accelerated the transfer of medium and low-end products to the Third World, and developed countries have shifted medium- and low-end products to the Third World. With the rapid development of production technology and the impact of high labor costs, in developed countries in Europe and America, The architectural hardware products are designed to be easy to install and maintain, and they only produce some high value-added products; the products have become a new favorite in the hardware market. In recent years, self-assembled products and tools have been greatly welcomed by the market.

In the hardware market in 2013, due to the rapid development of production technology and rising labor costs, developed countries in Europe and the United States have turned universal products into the production of developing countries, producing only high value-added products. And China has a strong market potential, so it is more conducive to the development of a major exporter of metal processing. China's hardware market is mainly distributed in Zhejiang, Jiangsu, Shanghai, Guangdong and Shandong, among which Zhejiang and Guangdong are the most prominent.

According to relevant survey data, from the perspective of individual hand tool product categories, sleeves are the bulk of exports, hand tool combinations, and garden tools and wrenches ranked fourth and pliers ranked fifth. In terms of exporting countries, the United States ranked first, followed by the United Kingdom, Germany and Japan.

In the hand tools market, the demand for American hand tools has stabilized, while at the end of last year, the United States has increased the scale of new homes in the housing market, and there are still a large number of existing homes unoccupied, bringing great opportunities for housing renovation. The average vehicle type and age of motor vehicles are getting larger, which has played a certain role in promoting the sales of hand tools in the automotive aftermarket. There is strong demand for forging tools for distribution of electronic products, especially adjustable wrenches; the demand for hand tools in Germany has increased. In Germany, the most comfortable and labor-saving tools are the most popular. The smooth handles and beautiful appearance that help grip the tools are all important factors that appeal to their purchase.

With regard to the types of tools, power tools are now becoming more and more popular. Cordless tools have become increasingly popular. The new rechargeable tools currently on the market have multiple rechargeable battery jacks that can be used in a variety of environments. Taiwan's hand tool industry adjusts the product structure. Taiwan's hand tools industry is based on stable product quality, on-time delivery, and a complete product range. To meet customer needs, it has certain advantages in the world. Moreover, Taiwan’s hand tool sales are dominated by the off-island market. At present, there are about 5,000 local manufacturers, which are mostly located in the central area of ​​Taiwan Island.

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