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Brief Introduction to the Current Situation of Hardware Processing Enterprises

Release date:2022-07-01

  

In the past few years, the overall level of China's hardware industry was not very high, with many small and medium-sized enterprises starting from a relatively low level, mostly small workshops; In recent years, there have been significant changes. Firstly, the quality of personnel has improved. For example, the leaders of the largest hardware market in China, "China Hardware City," which will be built in Beijing, are all doctoral and postdoctoral professionals; The second is the improvement of process and management level.

At present, the production process level in China is uneven, and many large foreign manufacturers use China as their product processing base. Many international enterprises have entered the mainland market one after another. China's hardware products are in a stage of upgrading, transitioning from mid to low-end to high-end products. This is very beneficial for the development of China's hardware industry. In the process of transferring the production of foreign products to China, some advanced production processes and management models from abroad, including raw materials, will inevitably be brought in together.

From the perspective of traditional hardware, one is the rapid development of tools, such as manual tools, hydraulic tools, and electric tools. Secondly, in terms of building hardware and decorative hardware, the update and replacement speed is relatively fast. There is a great demand in the hardware component market. Handan, Hebei, is a small processing factory with outdated production techniques, with a sales force of over 100000 people across the country.

After more than a decade of accumulation and steady improvement, China's hardware industry has now become the country with the largest production in the world, with exports steadily increasing every year. Among them, the largest export value is tool products, reaching 5.34 billion US dollars; Next is construction hardware, at $4.34 billion. The export of faucets is 2.23 billion US dollars, and the export of locks is 680 million US dollars. The countries with the highest 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%. 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 stable growth rate of over 10% per year in the next five years. In the first 10 months, China's import and export volume of hardware and electromechanical products exceeded 500 billion US dollars. The surplus has further expanded, reaching a total of 7.06 billion US dollars, accounting for 64% of the national trade surplus during the same period. The changes in the international hardware market provide good opportunities for China's hardware product exports. The production of hardware products in China, Taiwan and Hong Kong in Asia is second only to developed countries in the world.