2016 China Hardware Tools Industry Overview

1. Statistical Analysis of China's Import and Export of Hardware Products Industry in 2016

From January to December 2016, the total accumulated profits of the national hardware industry increased by 8.63% year-on-year, an increase of 2.41 percentage points from the same period of last year. In the first three quarters, the overall trend was stable. The fourth quarter began to increase month by month. In December, the total profit was the highest in the year, and the profit increased by 6.04% year-on-year.

In terms of sub-industries, construction, safety metal products manufacturing and metal daily necessities manufacturing completed the two industries to complete higher proportions of profit, respectively 42.01% and 27.96%, and the total profit growth of the two industries is relatively fast, are higher than the industry average . Among industries, negative growth has occurred only in the hand tools, agricultural gardens, and daily metal tool manufacturing and enamel industries. From January to December 2016, the total accumulated profits of construction and safety metal products manufacturing increased by 10.62% year-on-year; the total accumulated profits of metal daily-use products manufacturing increased by 15.12% year-on-year; and the total accumulated profits of metal packaging containers manufacturing increased by 3.23% year-on-year; The total accumulated profits of hand tools, agricultural gardens, and metal tools for daily use decreased by 1.11% year-on-year, and the cumulative total profits of enamelware manufacturing finished products decreased by 3.12% year-on-year.

In 2016, China's hardware products industry announced a total of 260,552 patents, accounting for 33.77% of the light industry. It was the industry with the largest number of patents announced this year. The number of patents announced by the industry was 9.54% higher than the same period of 2015.

In 2016, newly announced patents in China's hardware industry were mainly concentrated in Jiangsu, Guangdong, and Zhejiang. The number of announced patents exceeded 20,000, which was significantly higher than that of other regions. The total number announced in the three regions surpassed that of the hardware industry. One-third of the total number.

2. China's hardware tool industry is at an opportune time

After more than 30 years of development in China's tool hardware industry, the manufacture of tool products occupies a prominent position in the world and has become a global leader in the production and sale of tool products. The industry has sales of more than 100 billion yuan and exports more than 14 billion US dollars. From the perspective of deeper industrial development, the tool hardware industry has formed a strong manufacturing capacity and a certain marketing capacity after experiencing a period of rapid development. The future industry will further expand into high-end, professional, and boutique areas, and provide services. Manufacturing upgrades.

Big manufacturing country is firmly established

According to statistics, the total export volume of the tool hardware industry during the "12th Five-Year Plan" period exceeded 60 billion U.S. dollars, the cumulative import value was nearly 30 billion U.S. dollars, and the average annual export volume maintained at more than 10%. In 2011, tool hardware exports exceeded 10 billion U.S. dollars, becoming the world’s largest producer and exporter of tool products.

Industry development is at an opportune time

At present, the development of the industries of traditional tool manufacturing countries in Europe and the United States is facing a recession, and the Chinese tool industry is developing in the direction of specialization, clustering, and gentrification.

During the “Thirteenth Five-Year Plan” period, industry backbone enterprises must adopt advanced forging, mold processing and restoration, multi-position machine tools for CNC machine tools, controlled atmosphere heat treatment, medium and high-frequency induction heating, and environmental protection electroplating. Traditional industries, improve labor productivity, improve product quality, grade, added value, change the mode of development, and take the path of innovation, development with high standards, high quality, and high efficiency.

At the same time, it is necessary to further promote the construction of the industry in terms of manufacturing, sales, standards, and inspections on the basis of strengthening domestic and foreign exchanges, and enhance the Chinese tool industry's right to speak in the global tool industry chain.

With the enhancement of the country's overall strength, China's high-end manufacturing industries, such as high-speed rail manufacturing, have gained global recognition. This has opened the door for the international recognition of industrial-grade tool hardware products. The rise of China's manufacturing industry requires both the application and output of high-end products and the overall improvement in the level of manufacturing of industrial basic products. In addition, the “One Belt, One Road” that the country is promoting is also laying the best channels for tool hardware products to reach emerging markets.

In terms of domestic sales, as the demand for professional manufacturing in the country has increased and the sales channel system has been gradually perfected, there have been tremendous improvements in the case of small internal sales and slow returns. Enterprises can either build their own domestic sales system or they can cooperate with trade dealers with comprehensive strength to jointly develop the market. The stability of the domestic market will not only help companies effectively resist overseas market risks, but will also bring more business opportunities for the development of the company. No foreign market did little, and there was no instability in the domestic market. The future development of the tool hardware industry still needs to maintain internal and external balance.

Service-oriented manufacturing upgrade

The transformation and upgrading of service-oriented manufacturing will become the direction of future manufacturing development. Tool hardware is an industrial service product that provides basic support for the development of the manufacturing industry. It is also a typical example of service-oriented manufacturing development in the hardware segment industry. At present, the backbone enterprises in the industry are no longer confined to simply providing after-sales services, but have realized service advancement (from design and R&D), joint development, and full-process coverage, and are striving to complete the transition from production-oriented to service-based.

Although it has achieved a series of achievements in serving domestic high-end professional users, some tool manufacturers have begun to provide product services for high-speed rail construction, vehicle maintenance, shipbuilding and other specialized fields, but the industry still faces difficulties and challenges. While insisting on pursuing high standards, high quality, high efficiency, and high profit, tool manufacturers should also strengthen channel creation and brand awareness, and strive to make domestic high-end tools gain more recognition and influence.

During the "Thirteenth Five-Year Plan" period, the tool hardware industry must continue to change from extensive to intensive, from labor-intensive to technology-intensive, from quantitative expansion to qualitative improvement, and from low cost and high price to high added value. Promote the transformation of high profit margins, gradually increase the proportion of self-owned brand exports with OEM-based exports, establish high standards, high-quality, and high-efficiency development concepts, adopt advanced technologies to transform traditional industries, increase investment in science and technology and R&D, and increase The added value of products truly turns from big to strong.

3. China's hardware tool market share gradually increased

At least 70% of China's hardware industry is a private enterprise, which is the main force for the development of China's hardware industry. 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.

According to reports, in the new wave of integration of the world economy, the rapid shift of global manufacturing to the Chinese mainland has become a general trend, and China will gradually develop into a world-class manufacturing base. At the same time, due to the fact that China has imported molds for nearly US$1 billion each year in recent years, among which the precision, large-scale, complex, and long-life molds account for the majority, the proportion of such high-end hand tool products and hardware tools in the market is reduced from the perspective of reducing imports. It will also gradually increase.

The rapid development of China's daily hardware industry, hand tools as one of China's major export products, sales and sales have been not to be ignored. In particular, with the acceleration of the global economic integration process, the hand tool processing industry has gradually become the main force in the hardware tool manufacturing industry in the world.

Whether in the global tool market or in the tool market in China, the wide range of applications of manual tools and their demand are beyond imagination. Demand for hand tools in some developed countries is increasing at a rate of more than 10% per year. At present, at least 70% of China's hardware industry is a private enterprise, which is the main force for the development of China's hardware industry. 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.

Brand and quality are the key to consumer products, and they have very great influence on consumers' consumer behavior. Most consumers do not have enough knowledge of the brand when they first purchase manual tools. A large part of people understand the brand and quality of hand tools only after they have purchased and used them. It can be said that setting up the brand influence of hand tools is the best choice for China’s manual tool companies to go abroad.

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