Hardware tools market share gradually increased

According to reports, in the new 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. At the same time, due to the fact that China has imported molds for nearly US$1 billion each year in recent years, among which the precision, large-scale, complex, and long-life molds account for the majority, the proportion of such high-end hand tool products and hardware tools in the market is reduced from the perspective of reducing imports. It will also gradually increase.

The rapid development of China's daily hardware industry, hand tools as one of China's major export products, sales and sales have been not to be ignored. In particular, with the acceleration of the global economic integration process, the hand tool processing industry has gradually become the main force in the hardware tool manufacturing industry in the world.

Whether in the global tool market or in the tool market in China, the wide range of applications of manual tools and their demand are beyond imagination. Demand for hand tools in some developed countries is increasing at a rate of more than 10% per year. 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 a big exporter in the world, and it has become one of the world's major hardware manufacturers with a vast market and consumption potential.

Brand and quality are the key to consumer products, and they have very great influence on consumers' consumer behavior. Most consumers do not have enough knowledge of the brand when they first purchase manual tools. A large part of people understand the brand and quality of hand tools only after they have purchased and used them. It can be said that setting up the brand influence of hand tools is the best choice for China’s manual tool companies to go abroad.

Some specialized manufacturers that produce hand tools have moved with the tide. They cooperate with a number of online media and industry associations to build an industry platform and build an official industry platform “China Machine Tools” portal media platform to serve More SMEs, to promote the speed of development of China's machinery and tools, and promote the common development of the entire machinery and tools industry.