Analysis of the development prospects of the hardware industry

by:Ipromo     2021-06-26
my country's larger hardware market is mainly distributed in Zhejiang, Jiangsu, Shanghai, Guangdong and Shandong provinces and cities. For example, the hardware and electromechanical production enterprise clusters in Yongkang City, Zhejiang, Linyi Hardware Market in Shandong, Hangzhou New Century Lock Market, Shanghai Hardware and Electromechanical Trade City, Chengdu Jinfu Hardware and Electromechanical City, Guangdong Guangfo Hardware and Electromechanical City, etc. At present, my country's daily hardware products industry has stepped into the forefront of the world. According to the research report released by China Research and PwC, my country has established 14 technology development centers such as zippers, electric shavers, stainless steel utensils, iron pots, blades, bicycle locks, and 16 pressure cookers, electric shavers, and lighters. Product center. At the same time, my country has gradually become one of the largest processing countries and exporting countries of global hardware products.

   The development of the hardware industry tends to be diversified.

   At present, the construction of professional hardware markets throughout the country has basically formed a pattern of reasonable collocation of production area and circulation type, large and medium and small, comprehensive and single type, complementing each other. Take Tianjin Hardware Market as an example. The four major hardware professional markets of Tianjin International Hardware u0026 Electrical City, Xinnan Road Hardware City, Northern Hardware City and Pearl River Hardware City have total annual sales of more than 20 billion yuan. These four hardware markets have formed their own development models according to their different market positioning. The International Hardware and Electrical City, located in the center of Tianjin, adopts a comprehensive and diversified business model. The Electrical and Mechanical City has commercial stores, high-end office buildings and star-rated hotels, and the hardware stores take the high-end route; Northern Hardware City is characterized by plumbing and solar energy wholesale markets. ; The Pearl River Hardware City focuses on the management of decorative hardware tools. The diversification effect of these four major markets not only gathers more than 60% of the hardware merchant operators in Tianjin, but also introduces all well-known domestic and foreign brands into the Tianjin market, forming one of the largest hardware industry wholesale bases in northern my country.

   The key to the further development of the hardware industry is transformation and upgrading.

   China Research and Puhua Hardware Industry Research Report analysts believe that my country's hardware market is changing from short supply to oversupply, forcing market competition from price-based to high-quality and high-tech content. Under this circumstance, transformation and upgrading is the inevitable development of the industry in the future. With the deepening of competition among related enterprises, the profit margins at all stages of the hardware industry chain have been compressed, and the room for price reductions is declining. At the same time, the international market's requirements for my country's hardware products have gradually changed, and there will be higher requirements for the quality, packaging, and delivery period of my country's hardware products, even gradually extending to the production process and product research and development.

   Moreover, industry insiders pointed out that the transformation and upgrading of my country's hardware products industry will usher in a new foreign trade pattern, and the biggest change may be that the export volume of high-tech products will increase. A batch of high-tech and high value-added export products such as wire rope cutters, bolt cutters, saw frames, machine repair tools, telecommunication tools, household combination tools, steel tapes, level gauges and other measuring tools will gradually replace the original low value-added hardware products. .
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