Development Prospects of Hardware Tools at Home and Abroad

China’s daily hardware industry has entered the world’s forefront. At present, 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. China has gradually become a major metal processing country and exporter in the world, and it has become one of the world's major hardware manufacturers with a vast market and consumer potential.

In recent years, China has used nearly 1 billion U.S. dollars to import molds each year. Among them, precision, large-scale, complex, and long-life molds account for the majority. Therefore, from the perspective of reducing imports, the share of such high-grade molds and hardware tools in the market will gradually increase. . In the future, China's mold and CNC tool industry will also be among the best in the world. It is not difficult to find out carefully that the development of cutting tools for Chinese hardware tools generally has a tendency.

First look at the hand tool market: 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.

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. 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 the relevant information, 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.

In the new wave of world economic integration, the global manufacturing industry has accelerated its shift to mainland China, and China will gradually develop into a world-class manufacturing base. The obvious advantages of Guangdong, especially the Pearl River Delta region, will develop into a global mold production center within 10 years.