In recent years, with the continuous development of e-commerce during the epidemic, China's hardware and power tool industries can take advantage of the Internet to take off again. There are many brands of power tools and different types. Many electrical workers have caught up with the Internet age.

At present, the largest market in the hardware industry is mainly concentrated in mechanical hardware, construction hardware, decorative hardware and daily-use hardware. Experts predict that by 2020, the proportion of China's industrial added value in global industrial added value will increase from 5.72% in 2000 to more than 10%; the proportion of manufactured exports in global manufactured exports should rise from 5.22% in 2000 Increase to more than 10%. By then, China will have a group of strong hardware manufacturing groups and form a group of distinctive and internationally renowned hardware manufacturing centers.

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After decades of accumulation and steady improvement, China's hardware industry is now the country with the largest output in the world, and exports are growing steadily every year. Among them, the largest export value is tool products, reaching 5.34 billion U.S. dollars; followed by construction hardware, worth 4.34 billion U.S. dollars. The export of faucets was US$2.23 billion and the export of locks was US$680 million. The countries with the largest export volume are the United States, Japan, Europe and South Korea. The annual export growth rate of China's hardware industry is about 8%. Last year, the export value of hardware products exceeded US$5 billion, ranking third in light industry exports. Due to the improvement of China's hardware manufacturing level and the expansion of production capacity, it is expected that China's hardware products will maintain a stable growth rate of more than 10% per year in the next five years. In the first 10 months, the total import and export volume of China's hardware and mechanical products exceeded US$500 billion. The surplus expanded further, reaching 7.06 billion U.S. dollars, accounting for 64% of the national trade surplus during the same period.

The hardware industry has huge development potential and attractive market opportunities. Luo Baihui, president of the International Mould Plastic Hardware Industry Suppliers Association, pointed out that the current development of China's hardware industry presents six major trends: a surge in exports and obvious comparative advantages; the active operation of capital drives the sharing of resources among enterprises; the polarization of enterprises brings market rationality ; With the increase of high-tech content, the market competitiveness of products will increase. "The internationalization of domestic competition and the nationalization of international competition" will be the characteristics of the development of China's hardware industry in the next few years.

1. The position of the global hardware manufacturing center will be further consolidated.

China has relatively complete economic facilities, relatively mature industrial development, and relatively low labor costs. It has the comparative advantage of becoming a global hardware manufacturing center, and has obvious characteristics of export-oriented development. The strengthening of the central position is first manifested in the overall growth of hardware exports in recent years: the growth rate of exports of major hardware products is higher than the growth rate of output, and even higher than the growth rate of sales in the domestic market; major hardware and electrical products are fully blooming, power tools, hand tools , Construction hardware products and other traditional export products have a higher growth rate. The huge market and central attraction will further attract the manufacturing centers of hardware multinational companies to transfer to China.

2. Capital operations in the industry will be more active, and cooperation between enterprises will be significantly strengthened.

In the global competitive environment, in order to obtain a favorable competitive position and improve competitiveness, industrial capital is another theme of industrial operations. In 2004, Supor and Vantage went public one after another, and Hongbao actively worked hard to go public. Wanhe's capital market operations will not be stopped due to the failure of the restructuring with Guangdong and Meiya. From the perspective of capital, the current main feature is the intensified capital expansion. From the perspective of competition, there is more and more cooperation in resource sharing between enterprises.

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3. Enterprise polarization will further intensify.

The next few years will be a period of high-speed shocks in the hardware industry. The direct consequences of this high-speed shock will lead to the expansion of the polarization of the hardware kitchen and bathroom brand camp. It is expected that there will never be so many hardware companies that can really survive in the market in the next few years. But this kind of high-speed shock in the hardware industry will bring huge opportunities, and the result of the shock will make the market operation more rational.

4. Sales channels will undergo profound changes, and competition between channels will become increasingly fierce.

With its extensive market coverage, procurement scale and cost advantages, large retailers will increasingly control production companies in terms of product pricing and payment and delivery. At the same time, the international market’s requirements for Chinese hardware products will gradually develop and change, and there will be higher requirements on the quality, packaging, and delivery time of Chinese products, and will even gradually extend to production processes and product research and development, combining products with Combine environmental protection, energy, and human environment.