by:Ipromo     2021-06-27

For many years, my country's hardware tool industry has experienced ups and downs, a long period of glorious time, and a period of rapid development, best-selling products, and good benefits. In recent years, there has also been a decline in the industry. A stage where the overall service level is stagnant. With the increasing development of high technology today, the tool industry is seeking new breakthroughs and is focusing on overseas markets.

Guanyan Tianxia industry analyst pointed out: my country's hardware tool industry has always been far ahead in terms of production volume. At the end of the 1980s, my country had an annual production capacity of 300 million pieces of high-speed steel tools and more than 10 million pieces of measuring tools, ranking first in the world in terms of quantity. However, in the past five years, the price of tools has dropped repeatedly. Some companies even cut 40%-50%.

However, the quantitative advantage is not enough to make our country a real tool power. Take Japan as an example. Its annual output of high-speed steel tools has only reached a record of 120 million pieces. Since then, due to the upgrading of the manufacturing industry, the demand for standard tools has decreased, and the output has gradually dropped to the level of 90 million pieces. However, this does not hinder the important position of Japanese knives in the global market. Related Chinese companies are seeking ways to go global, and they have achieved certain results.

my country's hardware industry has realized that the number of products is not the most important, product quality and brand establishment are the key to impact overseas markets. Therefore, relevant enterprises have begun to implement the strategy of export diversification, focusing on the export of high-tech products, which has also led to a significant increase in high-tech tools. Clamping and cutting tools such as wire rope cutters and bolt cutters have a large overseas market share. In addition, while consolidating the original traditional markets such as Southeast Asia and the Americas, distributors are actively adjusting the product management structure and changing Purchasing and selling models between clients and clients, and strive to open up new markets in Africa and Europe.

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