- Aug 20, 2018 -
The scale of power tools has generally increased, and both production and income have increased.
After the 1940s, power tools became an international production tool, and the penetration rate has increased dramatically. It has become one of the indispensable household equipment in the family life of developed countries. China's power tools began mass production in the 1970s, prospered in the 1990s, and the total industrial scale continued to expand. In the past two decades, China's power tool industry has continued to develop in the process of undertaking the international division of labor. In 2016, the total number of enterprises above designated size was 281, and the sales revenue reached 70.825 billion yuan, a year-on-year increase of 6.30%.
As the global power tool industry continues to shift to China, China's power tools have gained strong momentum of development and have maintained steady growth. The development of power tools in China is mainly divided into three stages.
Since the 1990s, China's power tool industry has achieved tremendous development opportunities in the process of undertaking the international division of labor, showing a strong competitive advantage. China has now become the world's leading producer of power tools. Taking the output of portable power tools as an example, in 2007, the output of portable power tools in China was 244.867 million units. In 2017, the output increased to 255.972 million units.