Domestic and international hardware market development trend

China has gradually developed into an advanced metal processing and exporting country in the world. The daily hardware industry has already boasted the forefront of time and has become one of the world's major hardware manufacturers. Among them, at least 70% of China's hardware industry is a private enterprise, which has a vast market and consumption potential and is the main force for the development of China's hardware industry. What are the directions for the development of hardware markets at home and abroad? Here's to find out.

In the German hand tool market, there are more and more demands. Germans are the most popular tools for comfort and labor. They like to buy smooth handles and beautiful appearances that help grip the tools. With regard to the types of tools, power tools are now becoming more and more popular. In addition, rechargeable tools have become increasingly popular. The new rechargeable tools currently on the market have multiple battery jacks that can be used in a variety of environments.

Due to the increase in the size of new homes in the housing market in the United States at the end of last year, there are still a large number of existing homes unoccupied, bringing great opportunities for housing renovation, so the demand for forging tools for distribution of electronic products is strong, especially adjustable wrenches... ... 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.

Taiwan's hand-hardware industry is relatively developed. From the standpoint of individual hand tool product categories, the sleeves are the bulk of exports, followed by the hand tools, the third is the garden tools, the wrenches are ranked fourth, and the clamps are ranked fifth. 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. In terms of exporting countries, the United States ranked first, followed by the United Kingdom, Germany and Japan.

The domestic hardware industry, according to the foreign demand for hardware tools, can make some adjustments to the export, expand the foreign market.