The Power Tool Industry Has A Promising Market Prospect

- Jul 17, 2018 -

Power tools are the most widely used of hardware tools. With the traction of the domestic hardware market and the overall drive of international trade, the demand for hardware and tools is booming. Manual, pneumatic and other practical household tools, garden tools, car-mounted tools, machine tools and other hardware tools are very popular, the procurement is steady and the sales are optimistic.


In the past few years, garden tools have been sold to flower fields or exports. However, in the past two years, garden tools have also entered the ordinary people's families. Its style and color have also changed the monotonous shape of the past, adding a unique color and yellow, green, blue and other colorful colors, especially in the types of tools, compared to the previous rich.


With the rapid development of the automobile industry and the large increase in urban buses, passenger vehicles and taxis, as well as the entry of cars into ordinary families, the demand for car-mounted tools and auto parts has been greatly improved. Car-mounted tools include wrenches, jacks, rivet guns, etc., among which electric vehicles are best sold with tools. The electric vehicle-mounted tools are small in size, light in weight, excellent in performance, and safe to use. The rivet gun can also be used in the decorative industry, woodworking and other decorative industries.


It can be said that the demand for hardware tools is very strong, and it is very gratifying. Especially the emergence of gift kits has once again pointed out a new path for the hardware tools industry, but the development of each industry is not perfect, both have two sides, hardware tools. Although the industry has good demand, there are still many disadvantages. Let us explore them one by one.


First of all, the industry leader is not strong. The leading enterprises in the hardware and tool industry are not obvious in the domestic and international market technology and overall competitiveness of the industry;


Second, the market structure is too singular. The main business of hardware tools comes from foreign trade orders, and the dependence on exports is too high. Under the influence of the economic crisis caused by the international financial crisis, the export markets of these enterprises have shrunk sharply, which poses a serious threat to the survival and development;


Fourth, brand building is relatively lagging behind. Most of the hardware tools rely on OEM production, lack of visibility and core competitiveness.


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