World of Hardware Tools Industry Market Development and China

International Tool Market Dynamics

From the perspective of exporting countries, the United States ranked first, followed by the United Kingdom, Germany and Japan.

World of Hardware Tools Industry Market Development and China

U.S. hand tool market demand has stabilized. At the same time that the United States increased the scale of new homes in the housing market at the end of last year, there are still a large number of existing homes unoccupied, bringing great opportunities for housing renovation. The average vehicle type and age of motor vehicles are getting larger, which has played a certain role in promoting the sales of hand tools in the automotive aftermarket. In addition, there is strong demand for forging tools for distribution of electronic products, especially adjustable wrenches.

The demand for German hand tools has increased. In Germany, the tools for comfort and labor are the most popular. The smooth handles and beautiful appearance that help grip the tools are all important factors that appeal to their purchase. With regard to the types of tools, power tools are now becoming more and more popular. In addition, rechargeable tools have become increasingly popular. The new rechargeable tools currently on the market have multiple battery jacks that can be used in a variety of environments.

In the international hardware market, due to the rapid development of production technology and the increase in the price of labor hardware, the developed countries in Europe and the United States will transfer universal products to developing countries and produce only high value-added products, while China has a strong market potential. Prosperous development is a major exporter of hardware price processing.

China's tool market dynamics

China's hardware tools market is mainly distributed in Zhejiang, Jiangsu, Shanghai, Guangdong, Shandong and Taiwan, among which Zhejiang and Guangdong are the most prominent. Zhejiang Yongkang has always been known as the "hometown," and the Zhejiang people's awareness of market operations is quite strong, from the original hot pot products, stainless steel insulation cup to the popular scooters last year, brought them rolling sources of money. Guangdong is about to become the center of the world. At present, more than 6,000 mold companies have gathered in the surrounding areas of Shenzhen and the Pearl River Delta Region, employing more than 200,000 people. It has held five consecutive South China International Hardware Mould Shows in Shenzhen, attracting more than 1,000 companies from 25 countries and regions. It is the most professional and international level mold industry exhibition in China today.