Domestic hardware tools market dynamics

It is reported that China has become one of the world's largest hardware production countries, has a vast market and consumer potential.

Domestic tool market distribution

China's tool market is mainly distributed in Zhejiang, Jiangsu, Shanghai, Guangdong and Shandong, among which Zhejiang and Guangdong are the most prominent. Zhejiang Yongkang has always been known as the "hometown," and the Zhejiang people's awareness of market operations is quite strong, from the original hot pot products, stainless steel insulation cup to the popular scooters last year, brought them rolling sources of money.

Guangdong: It will soon become the center of the world. At present, more than 6,000 mold companies have gathered in the surrounding areas of Shenzhen and the Pearl River Delta, and employ more than 100,000 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.

International Tool Market Dynamics

Developed countries have shifted medium and low-end products to the Third World. Due to the rapid development of production technology and the high price of labor, developed countries have accelerated the transfer of medium and low-end products to the Third World, and they only produce some high-value-added products. DIY products become the new favorite in the hardware market. In recent years, with the ease of installation and maintenance of the architectural hardware products of developed countries in the United States and Europe, dotyourself products and tools have been greatly welcomed by the market. According to the analysis of people and land in the industry, in the next two years, the domestic construction hardware products will also move toward the development of intelligence and humanity.

Domestic hardware tools market dynamics

China's daily hardware industry has entered the world's forefront. China has established 14 technological development centers including 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. China has gradually become a major metal processing country and a major exporter. 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. In the international hardware market, developed countries in Europe and the United States have shifted their universal products to developing countries due to the rapid development of production technology and rising labor costs. They only produce high value-added products, while China has a strong market potential. Developed a major exporter of metal processing.

Key Market Overview and Development Trends

Next, we will talk about several major markets in the hardware industry: the hand tool market, the tool market and the mold market overview, hoping to bring some inspiration to all manufacturers.

Hand tool market

U.S. hand tool market demand has stabilized. At the same time that the United States increased the scale of new homes in the housing market at the end of last year, 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. In addition, there is strong demand for forging tools for distribution of electronic products, especially adjustable wrenches.

The demand for German hand tools has increased. In Germany, the tools for comfort and labor 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. 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. 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. In terms of exporting countries, the United States ranked first, followed by the United Kingdom, Germany and Japan.

Mold Market Overview and Development Trends

During the "10th Five-Year Plan" period, the general trend of the mold market was steady upward. At present, the domestic market has a large demand for medium-to-high-grade molds, but domestic molds must meet the needs of users in terms of quality and delivery time. Moreover, the home appliances, automobiles, and plastic products industries have the greatest demand for molds. In the international market: In recent years, labor costs in industrialized countries have increased and they are moving to developing countries, especially in Southeast Asia. Its domestic production of high-precision molds, labor-intensive labor-intensive molds rely on imports to solve. Therefore, the medium and low-end mold international market has great potential. As long as the quality of domestic molds can be improved, the delivery date can be guaranteed, and the outlook for mold exports is very optimistic. In addition, the international market demand for racks and mold standard parts is also very large. At present, China only has a small amount of exports to the framework.

Relevant experts believe that after China's accession to the WTO, along with the wave of integration of the world economy, the rapid shift of global manufacturing to the Chinese mainland has become a general trend, and China will gradually develop into a world-class manufacturing base. Experts predict that Guangdong, especially the Pearl River Delta region, will become a world mold manufacturing center within 10 years. At the same time, due to the fact that China has used nearly 1 billion US dollars in imports of molds every year in recent years, among which precision, large-scale, complex, long-life molds account for the majority, so from the perspective of reducing imports, the proportion of such high-grade molds in the market will gradually increase. .

Tool Market

The demand for cutting tools in the world will continue to grow. 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. (In the past year, the slow growth in demand for the tool market was mainly due to the increase in tool life. Then there was a request for the entire manufacturing process, replacing many machine tools and tools, and an increase in the use of multi-purpose tools. A lot of simple tools with single function in the past.) Experts predict that: "In the future, users will put more emphasis on the research and development of tooling in the production plant, not only in the field of materials and surface coating technology, but also in the tool product and its production process. "The expert said that focusing on production practices will help toolmakers increase their market competitiveness in areas they are familiar with."

Technical updates. Tool technology, cemented carbide tools gradually replace high-speed steel tools, especially circular tools. The application of coated cutters is becoming more and more common. In Europe, the market for new cutting tools for high-speed machining continues to increase. The dynamics of the manufacturers. Judging from the cooperation mode of tool manufacturers, many large companies will emerge in the high-tech market.