Detecting Hardware Industry Trends to Deep Impact on Enterprises

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. With the development of society and economy, the hardware industry will also show new trends in the new situation. However, in the “12th Five-Year” era in which “greener and more profitable”, energy-saving and intelligent products are in full swing, and hardware companies are aware of the industry. Development trends can go further!

Hardware industry trends

Increasing hardware demand for tools

With the continuous improvement of our country’s status in the world, more and more countries around the world are starting to use Chinese hardware products, which has stimulated the development of China’s hardware products to some extent. In recent years, with the acceleration of the global economic integration process, the Chinese hardware tool processing industry has gradually become the main force of the world's hardware and tool industry. The demand for hardware tools in some developed countries, especially in Africa, the Middle East and other developing countries, is increasing at a rate of more than 10% per year. Hardware tools are labor-intensive industries. As a hometown of hardware, Yongkang has become a gathering place for hardware tools with low-cost traditional competitive advantages.

Hardware product quality improvement

At the same time, the requirements of the international market for China's hardware products will gradually evolve and change. There will be higher requirements for the quality, packaging, and delivery deadlines of Chinese products, and even gradually extend to the production process and product development, and the products and the environment , energy resources, and humanities combined. The huge market and central position attraction will further attract the hardware manufacturing center of multinational companies to transfer to China. The integration with foreign companies will continue to enhance the quality and competitiveness of Chinese hardware products. While continuing to expand markets in the United States, Japan, and other traditional countries, Southeast Asia, the Middle East, Russia, Europe, and Africa will also fully blossom.

Increased capital expansion

After China's accession to the WTO, under the global competitive environment, in order to improve its competitiveness, industrial capital has become an important theme for the operation of the industry. In 2004, Supor and Vantage went on the market successively. Hongbao was also working hard for the listing. Wanhe's capital market operation will not stop due to the failure of restructuring with Yuemei. From a capital perspective, the current major feature is the expansion of capital.

Increased cooperation between enterprises

From the aspect of competitive behavior, the cooperation of resource sharing among enterprises is increasing. On the one hand, manufacturers have strengthened their control over retail terminals, striving to reduce sales links, saving sales expenses, making sales channels more specialized, and corporate sales models toward At the same time, it can adapt to the direction of diverse markets. On the other hand, the development trend of the sales industry has led to the continuous rise of the status of large-scale home appliance chain stores, increased control over the industry, and participation in the price competition that was previously dominated by manufacturers. Large retailers, with their broad market coverage, purchasing scale, and cost advantages, will increasingly control the production companies in terms of product pricing, payment, and delivery. As a subordinate small and medium-sized enterprise, it will be in a disadvantageous position in the competition under this trend.

From the above point of view, the trend of increasing tool hardware requirements, hardware product quality, capital expansion, and cooperation between companies is not a bad thing for powerful hardware companies. When such large companies comply with this trend, The development trend will only gradually become stronger and bigger. For small and medium-sized hardware companies, there may be gaps in product quality, and there are relatively few opportunities for cooperation, let alone capital operations. Therefore, in the hardware industry continues to develop and progress, the survival environment of small businesses will become increasingly difficult.