70% of China's hardware industry is a private enterprise

At present, China's daily hardware industry has entered the forefront of the world. It has established 14 technical 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. The vast majority of these centers have now developed into the vanguard of the industry, and some have become the vanguard of the world and have achieved good economic returns. It is understood that at least 70% of China's hardware industry is a private enterprise, which is the main force for the development of China's hardware industry. China has gradually become a major metal processing country and a big exporter in the world, and it has become one of the world's major hardware manufacturers with a vast market and consumption potential.

Hardware Industry Market Overview and Trends Hand Tool Market: Increasingly Intelligent and Humanized In the international hardware market, developed countries in Europe and North America, due to the rapid development of production technology and rising labor costs, will transfer universal products to developing countries for production. High value-added products, but China has a strong market potential, so it is more conducive to the development of metal processing and export countries.

The hand tool market in China is mainly distributed in Zhejiang, Jiangsu, Shanghai, Guangdong, Shandong, and Taiwan, among which Zhejiang and Guangdong are the most prominent. Zhejiang Yongkang has always been known as the “hometown of hand tools”, and the Zhejiang people’s awareness of market operations is very strong. From the original hot pot products, stainless steel insulation cups to the popular scooters last year, it brought them a lot of money. Guangdong is also about to become the world's hardware tool mold center. At present, more than 6,000 mold enterprises have gathered in the surrounding areas of Shenzhen and the Pearl River Delta, and employ more than 200,000 people. It has held five consecutive South China International Die & Mould Exhibitions in Shenzhen, attracting more than 1,000 companies from 25 countries and regions. It is the most professional and internationally-standard mold industry exhibition in China today.

DIY products have become the new darling of the hardware-related industry market. In recent years, in Europe and the United States, as the architectural hardware products of developed countries are designed for easy installation and maintenance, self-assembled products and tools are greatly welcomed by the market. According to analysis, in the next two years, the domestic architectural hardware products will also move toward the development of intelligence and humanity.

Taiwan's hand tool industry has adjusted its product structure. Taiwan's hand tools industry has certain advantages in the world by virtue of its stable product quality, timely delivery, and complete product range, which can meet customer needs. 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. According to relevant survey data, with regard to the category of individual hand tools, the sleeves are the bulk of exports, followed by hand tools, the third is garden tools, the wrenches are ranked fourth, and the clamps are ranked fifth.

Tool Market: Increasing Market Competitiveness According to reports, the demand for cutting tools in the world continues to grow. Among them, European and North American countries have maintained stable growth, especially in Eastern Europe. The Asian market has seen a slight recovery. The market has great potential. The Latin American market has grown significantly, especially Mexico. At present, the world sales of cutting tools exceed US$10 billion, and the industrially developed markets of Europe, North America, Japan and Australia account for 75% to 80%.

In Asia, China is also an important market. According to the forecast, the demand for cutting tools in China is between RMB 7 billion and RMB 8 billion. Among them, high-precision, high-efficiency, and high-reliability modern tools, such as cemented carbide and ceramics, can transform the consumption of cutting tools. It was RMB 1.2 billion, of which 80% to 85% were dependent on imports. Tool imports accounted for more than 90% of the tooling used. In the past year, the slow growth in demand for the tool market has been mainly due to the increase in tool life and the need for users to request the entire manufacturing process instead of many machine tools and tools. And the use of multi-purpose tools has increased, replacing many simple tools that used to be single-function. In the future, users will place greater emphasis on the research and development of cutting tools in production plants, not only in the field of materials and surface coating technology, but also in the production of cutting tools and their production processes, and to increase the number of tool manufacturers in areas they are familiar with. In the market competitiveness.