Domestic Hardware Tool Market Dynamics
Release time:
2018-07-14
Since 1996, China has established 14 technology development centers, including zippers, electric shavers, stainless steel vessels, iron pots, blades, bicycle locks, and 16 product centers, including pressure cookers, electric shavers, and lighters.
1. China's daily hardware industry has entered the forefront of the world
Since 1996, China has established 14 technology development centers, including zippers, electric shavers, stainless steel vessels, iron pots, blades, bicycle locks, and 16 product centers, including pressure cookers, electric shavers, and lighters. At present, the vast majority of these centers have developed into industry leaders, and some have become world leaders, such as Supor Cookware Company producing high-end electric pressure cookers; The production of electric shavers by Zhejiang Superman Group has surpassed that of Sanyo Company in Japan, becoming the third largest shaver manufacturer in the world; Wenzhou Dahu Lighter Factory has become a large metal lighter production enterprise in China, achieving good economic benefits.
2. China gradually becomes a major hardware processing and exporting country in the world
China has become one of the world's major hardware producers, with a vast market and consumption potential. Although the financial crisis in previous years had a slight impact on China's hardware exports, there has been some improvement since 1999. Export earnings increased from 2.76 billion US dollars in 1995 to 3.847 billion US dollars in 1999, an increase of 71.74%, with an average annual increase of 11.4%, and have been steadily increasing since then. In 2002, the total output value of China's hardware industry reached 189.5 billion yuan, a year-on-year increase of 19.15%. According to customs statistics, the total export value was 6.774 billion US dollars, a year-on-year increase of 24.51%. Among them, the production of gas water heaters was 2.4384 million units, an increase of 19.18% compared to the previous year; 1.23 billion locks, an increase of 9.43% compared to the previous year; Daily use of stainless steel products reached 415000 tons, a year-on-year increase of 24.56%. It is understood that at least 70% of China's hardware industry is now private enterprises, which are the main force in the development of China's hardware industry. On the other hand, in the international hardware market, developed countries in Europe and America, due to rapid development of production technology and rising labor prices, have shifted their production of universal products to developing countries and only produce high value-added products. China, on the other hand, has strong market potential, making it more advantageous to develop into a major exporter of hardware processing.
Since 1996, China has established 14 technology development centers, including zippers, electric shavers, stainless steel vessels, iron pots, blades, bicycle locks, and 16 product centers, including pressure cookers, electric shavers, and lighters. At present, the vast majority of these centers have developed into industry leaders, and some have become world leaders, such as Supor Cookware Company producing high-end electric pressure cookers; The production of electric shavers by Zhejiang Superman Group has surpassed that of Sanyo Company in Japan, becoming the third largest shaver manufacturer in the world; Wenzhou Dahu Lighter Factory has become a large metal lighter production enterprise in China, achieving good economic benefits.
2. China gradually becomes a major hardware processing and exporting country in the world
China has become one of the world's major hardware producers, with a vast market and consumption potential. Although the financial crisis in previous years had a slight impact on China's hardware exports, there has been some improvement since 1999. Export earnings increased from 2.76 billion US dollars in 1995 to 3.847 billion US dollars in 1999, an increase of 71.74%, with an average annual increase of 11.4%, and have been steadily increasing since then. In 2002, the total output value of China's hardware industry reached 189.5 billion yuan, a year-on-year increase of 19.15%. According to customs statistics, the total export value was 6.774 billion US dollars, a year-on-year increase of 24.51%. Among them, the production of gas water heaters was 2.4384 million units, an increase of 19.18% compared to the previous year; 1.23 billion locks, an increase of 9.43% compared to the previous year; Daily use of stainless steel products reached 415000 tons, a year-on-year increase of 24.56%. It is understood that at least 70% of China's hardware industry is now private enterprises, which are the main force in the development of China's hardware industry. On the other hand, in the international hardware market, developed countries in Europe and America, due to rapid development of production technology and rising labor prices, have shifted their production of universal products to developing countries and only produce high value-added products. China, on the other hand, has strong market potential, making it more advantageous to develop into a major exporter of hardware processing.
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