The Prospect Of Power Tools Continues To Improve

- Aug 23, 2018 -

As one of the common application tools, power tools can be seen everywhere in our lives. Power tools are also widely used and play an indispensable role in social and economic development. Power tools have therefore been classified into the advanced equipment manufacturing industry, and the prospects continue to improve.

Power tools are typically powered by small-capacity motors or electromagnets that drive the working head through a transmission structure and are a hand-held or portable mechanized tool. According to national standards, it is generally divided into three categories: hand-held power tools, portable power tools, and electric garden tools.

Power tools can be used in a wide range of applications, including machinery industry, architectural decoration, landscaping, wood processing, and financial processing. It can be said that power tools can be involved in almost all industries, and the market capacity is quite large.

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. According to statistics, by 2013, the output value of China's power tools industry reached 58.512 billion yuan, a year-on-year increase of 23.91%, and sales revenue was 47.878 billion yuan, an increase of 15.28%.

According to the current development trend, power tools are expected to continue the double-digit growth, and the future prospects are expected. It is estimated that by the end of 2018, the sales revenue of China's power tool industry will reach 128.3 billion yuan, and the room for growth is still considerable.

Although the scale of the power tool industry is expanding, most of China's enterprises are relatively weak in competitiveness. At the lower level of imitation, they are mainly engaged in OEM production for foreign manufacturers. The brand awareness is not strong, and low prices are used to obtain low profits.

In the future, we must seize more shares from the huge market. Domestic power tool companies must improve product quality and technology level, establish brand awareness, carry out differentiated competition, increase R&D investment, increase product added value, and grasp the direction of technology development.

Next, the development of the power tool industry will mainly go in three directions. First, power tools are gradually turning to clean energy. Benefiting from the breakthrough in lithium battery technology, the battery capacity and safety of power tools are expected to increase significantly, and the cost of batteries is continuously reduced, thus abandoning the original single-phase and three-phase power supply modes.

Second, a multi-purpose or complete set of composite tools has become mainstream. With the increase in the popularity of the home, power tools have to undertake a variety of purposes, a multi-purpose or a set of composite tools came into being.

Third, the quality of the motor technology has changed, and intelligent tools have entered the family. The breakthrough of electronic control technology will lead to a qualitative leap in motor technology. At the same time, the maturity of artificial intelligence technology has also greatly increased the level of intelligence of power tools.

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