Home > Knowledge > Content

Contact Us

Add: NO.56, Qingfeng 1st Road, Jixi, Xiaolan Town, Zhongshan City, Guangdong Province, China.

Zip: 528400

Tel: +86-760-22285701

Fax: +86-760-22252167

E-mail: sales@senholock.com

Hardware market, e-commerce will promote international trade in the future.
Sep 08, 2018

Hardware market, e-commerce will promote international trade in the future.

At present, the major markets in the hardware industry are mainly concentrated in mechanical hardware, construction hardware, decorative hardware, daily hardware and other large pieces. Experts predict that by 2020, the proportion of China's industrial added value to global industrial added value will increase from 5.72% in 2000 to more than 10%; the proportion of manufactured goods exports to global manufactured goods exports will increase from 2000.


At present, the major markets in the hardware industry are mainly concentrated in mechanical hardware, construction hardware, decorative hardware, daily hardware and other large pieces. Experts predict that by 2020, the proportion of China's industrial added value to the global industrial added value will increase from 5.72% in 2000 to more than 10%; the proportion of manufactured goods exports to global manufactured goods exports will increase from 5.22% in 2000 to more than 10%. At that time, China will also have a number of powerful hardware manufacturing groups, forming a number of distinctive, internationally renowned hardware manufacturing centers.


After decades of accumulation and steady improvement, China's hardware industry is now the world's largest output country, exports grow steadily every year. Among them, the largest amount of export is tool products, amounting to $5.34 billion, followed by construction hardware, amounting to $4.34 billion. The outlet of the faucet is 2 billion 230 million dollars, and the lock export is 680 million dollars. Countries with larger export volume are the United States, Japan, Europe and South Korea. The annual export of China's hardware industry is growing at a rate of around 8%. Last year, exports of hardware products exceeded 5 billion US dollars, ranking third in the list of 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 continue to maintain a steady growth of more than 10% per year over the next five years. In the first 10 months, the import and export volume of China's hardware and electrical products exceeded US $500 billion. The surplus expanded further, totaling 7 billion 60 million US dollars, accounting for 64% of the national trade surplus over the same period.


Luo Baihui, director of the International Association of Mold and Plastic Hardware Industry Suppliers, points out that there are six major trends in the development of China's hardware industry: exportation has increased sharply, comparative advantage is obvious; capital operation is active, leading to resource sharing among enterprises; polarization of enterprises, leading to the development of China's hardware industry. It will be the characteristics of the development of China's hardware industry in the next few years that the market is rational, the high-tech content is increased, and the market competitiveness of products is enhanced.


1, as the global hardware manufacturing center will further consolidate its position.

China's economic facilities are relatively perfect, industry development is relatively mature and labor costs are low, with a comparative advantage of becoming a global hardware manufacturing center, the hardware manufacturing industry has obvious characteristics of export-oriented development. The strengthening of the central position is first manifested in the overall growth of the export of hardware products in recent years: the growth rate of the export of major hardware products is higher than the growth rate of output, higher than the growth rate of sales in the domestic market; the main hardware and electrical products are in full bloom, power tools, hand tools, construction hardware products, such as traditional export categories. Product growth is very high. The huge market and centrality will further attract the transfer of manufacturing centers of hardware multinational corporations to China.


2, the capital operation in the industry will become more active, and the cooperation among enterprises will be significantly strengthened.

In the global competitive environment, in order to gain a favorable competitive position and improve competitiveness, industrial capital is another theme of the operation of the industry. Supol and Huadi listed in 2004, Hongbao is also actively working for the listing, Wanhe capital market operation will not stop because of the failure of restructuring with Guangdong Meiya. From the perspective of capital, the current main feature is that the expansion of capital is intensifying. From the perspective of competition behavior, the cooperation of resource sharing among enterprises is increasing.


3, the polarization of enterprises will further intensify.

The next few years will be the high-speed oscillation of the hardware industry, the direct consequence of this high-speed oscillation is to lead to the current hardware kitchen and toilet brand camp polarization trend to expand. It is estimated that hardware companies that can really survive in the market in the next few years are not so many. 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 among channels will become increasingly fierce.

Large retailers with their broad market coverage, purchasing scale and cost advantages, in product pricing, payment delivery and other aspects of the production enterprise control capacity will be increasing. At the same time, the requirements of the international market on China's hardware products will be gradually changed, and the quality, packaging, delivery period of Chinese products will be higher requirements, and even gradually extended to the production process and product development, product and environmental protection, energy resources, human environment.


5, market competition will shift from price to high quality and high technology.

With the deepening of competition, the profit margin of the hardware industry chain at all stages is being compressed, and the space for price reduction is decreasing day by day. More and more enterprises realize that price competition alone can not establish core competitiveness, is not the direction of long-term development, so as to explore new development path. Many hardware enterprises have increased their investment in technology, developed new products with high-tech content, made product differentiation a long-term strategy for their development, sought new market demand, and established new economic growth points (such as small appliances and other similar industries) to achieve sustainable development of enterprises.


6, the convergence of domestic and foreign enterprises will further accelerate.

In order to improve their own strength and expand the international market faster, domestic hardware enterprises will speed up the integration with foreign enterprises by various means to improve product quality and competitiveness. While continuing to expand the markets of the United States, Japan and other traditional countries, it will also fully bloom in Southeast Asia, the Middle East, Russia, Europe and Africa.