China’s hardware industry after decades of accumulation and steady improvement, is now the world’s largest production countries, exports are growing steadily every year. Among them, the export amount is larger tool products, followed by construction hardware, the export amount of more countries are the United States, Japan, Europe, South Korea. China’s hardware industry annual exports are growing at a rate of about 8%, ranking third in the light industry exports.
The development potential of the hardware products industry is huge market opportunities attractive, international mold and plastic hardware industry suppliers association, the person in charge pointed out that the current development of China’s hardware industry is characterized by six trends: export surge, comparative advantage is obvious; capital operation is active, driving the sharing of resources between enterprises; enterprise polarization, bringing market rationality; high-tech content increased, enhance the competitiveness of the product market. “Domestic competition internationalization, international competition domestic” will be the characteristics of the development of China’s hardware industry in the next few years.
1, as the global hardware manufacturing center will further solidify its position.
China’s economic facilities are relatively complete, the industry is relatively mature and low labor costs, has a comparative advantage to become a global hardware manufacturing center, hardware manufacturing export-oriented development characteristics are obvious. The strengthening of the center’s position is manifested in the overall growth of exports of hardware products in recent years: the export growth rate of the main hardware products are higher than the growth rate of production, more than the growth rate of sales in the domestic market; the main hardware and electrical products in full bloom, power tools, hand tools, architectural hardware products, these traditional export products increased very high. The huge market and the central position of gravity will further attract hardware multinational manufacturing center to China’s transfer.
2. Sales channels will undergo profound changes and competition among channels will become increasingly intense.
Large retailers with its broad market coverage, procurement scale and cost advantages in product pricing, payment delivery and other aspects of the control of the production enterprises will be increasingly enhanced. At the same time, the international market requirements for China’s hardware products will also gradually develop and change, the quality of Chinese products, packaging, delivery deadlines will have higher requirements, and even gradually extend to the production process and product development, combining the product with environmental protection, energy resources, humanities and the environment.
3. The integration of domestic and foreign enterprises will be further accelerated.
Domestic hardware enterprises in order to improve their own strength, faster to expand the international market, will through a variety of means to accelerate the integration of foreign enterprises to improve product quality, improve competitiveness. While continuing to expand in traditional markets such as the United States and Japan, it will also expand in Southeast Asia, the Middle East, Russia, Europe and Africa.
Post time: May-30-2023