China's hardware products industry transformation and upgrading usher in a new foreign trade pattern

December 30, 2022

In recent years, the development pattern of China's hardware industry is changing. At present, the industry development tends to scale and diversification. At the same time, with China's economic development from high-speed to medium-speed stable development, the hardware market for nearly a decade to maintain high-speed growth era has ended, the phenomenon of overcapacity is very prominent. In this context, the industry transformation and upgrading, increase technology investment, improve product quality has become inevitable.

The development of the hardware industry tends to scale up. China's larger hardware market is mainly distributed in Zhejiang, Jiangsu, Shanghai, Guangdong and Shandong provinces. For example, Zhejiang Yongkang hardware and machinery production enterprise cluster, Shandong Linyi hardware market, Hangzhou new century lock market, Shanghai hardware and machinery trade city, Chengdu Jinfu hardware and machinery city, Guangdong Guangfo hardware and machinery city, etc.. At present, China's daily-use hardware products industry has moved into the forefront of the world. Relevant information shows that in recent years, China has established 14 technology development centers for zippers, electric razors, stainless steel utensils, iron pots, blades, bicycle locks, etc., and 16 product centers for pressure cookers, electric razors, electric shavers, etc. Lighter... At the same time, China is gradually becoming one of the world's major hardware products processing and exporting countries. Relevant data predict that the growth rate of China's hardware and related products exports will remain at about 10% in 2022.

Hardware industry development tends to diversify. At present, the national hardware professional market construction has basically formed a production area and circulation, large and small and medium-sized, comprehensive and single type, complementary advantages of the pattern. Tianjin hardware market, for example, the Tianjin International Hardware Machinery and Electronic City, the new South Hardware City, the North Hardware City, Zhujiang Hardware City, four major hardware professional market annual sales of more than 20 billion yuan. The four hardware markets have formed their own development mode according to their respective market positioning. The International Hardware and Machinery City located in the center of Tianjin adopts a comprehensive and diversified business model. There are commercial stores, high-grade office buildings and star hotels in the electromechanical city, and hardware stores take the high-end route; Northern Hardware City has plumbing and solar energy wholesale markets. The Zhujiang Hardware City is focused on decorative hardware tools. The diversification effect of these four markets not only brings together more than 60% of hardware operators in Tianjin, but also introduces famous brands from home and abroad into Tianjin market, forming one of the largest wholesale bases of hardware industry in the north China. The Zhujiang Hardware City, on the other hand, focuses on the operation of decorative hardware tools. The diversification effect of these four markets not only brings together more than 60% of the hardware operators in Tianjin, but also introduces domestic and foreign famous brands into the Tianjin market, forming one of the largest wholesale bases of the hardware industry in the north China. The Zhujiang Hardware City, on the other hand, focuses on operating decorative hardware tools. The diversification effect of these four markets not only brings together more than 60% of the hardware operators in Tianjin, but also introduces domestic and foreign famous brands into the Tianjin market, forming one of the largest wholesale bases of hardware industry in the north China.

Hardware industry further bigger and stronger, the key is to transform and upgrade. Industry insiders pointed out that the Chinese hardware market is changing from supply to oversupply, forcing market competition from price competition to high quality and high-tech content. In this case, transformation and upgrading has become the inevitable future development of the industry. With the deepening of competition among related enterprises, the profit margin of each link of the hardware industry chain is compressed, and the room for price reduction is getting smaller and smaller. At the same time, the international market requirements for China's hardware products are gradually changing, the quality of our hardware products, packaging, delivery time and other aspects of the requirements will be higher.

Moreover, industry insiders pointed out that the transformation and upgrading of China's hardware products industry will usher in a new pattern of foreign trade, the biggest change may be the export of high-tech products will increase. Wire rope shears, wire cutters, saw frames, machine tools, communication tools, household tools, steel tape measures, level meters, machine made and other high-tech, high value-added export products will gradually replace the original low value-added products hardware products.

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