KelaiWood , https://www.kelaiwooden.com
At present, the level of domestic production processes is uneven, and many large foreign companies use China as their product processing base. Many international companies have entered the mainland market one after another. At present, it is the stage for the upgrading of China's hardware products, from the mid-to-low end to the over-production of high-end products. This is very beneficial to the development of China's hardware industry, in the process of the transfer of production of foreign products to the domestic, it will inevitably bring along some advanced foreign production processes and management models including raw materials.
From the traditional hardware point of view, the tool, such as hand tools, hydraulic tools, power tools, rapid development, construction hardware, decorative hardware, faster replacement. There is a great demand for hardware parts and components. Hebei Handan, a small processing plant, is lagging behind in production, and its sales force across the country has reached more than 100,000.
After 30 years of accumulation and steadily increasing, China’s hardware industry is now the world’s largest producer, with exports growing steadily each year. Among them, the largest export value is the tool products, up to 5.34 billion US dollars; followed by construction hardware, for 4.34 billion US dollars. The tap exports 2.23 billion U.S. dollars and the locks export 680 million U.S. dollars. The countries with the most exports are the United States, Japan, Europe, and South Korea. The annual export of China's hardware industry is growing at a rate of around 8%. In 2009, the export volume of hardware products exceeded US$5 billion, ranking third in the export ranking of light industry. From January to October 2020, China's import and export of hardware, machinery and electronic products exceeded 500 billion U.S. dollars, and the surplus further expanded, totaling 7.06 billion U.S. dollars, accounting for 64% of the national trade surplus in the same period. Due to the increase in the level of China's hardware manufacturing and the expansion of production capacity, it is expected that during the “12th Five-Year Plan†period, China’s hardware products will maintain a steady growth of more than 10% per year.
Changes in the international hardware market provide good opportunities for the export of hardware products in China. Hardware production in Asia, China, Taiwan, and Hong Kong is second only to developed countries in the world.
A few years ago, the overall level of China's hardware industry was not too high, there were many small and medium-sized enterprises, and the start was low, mostly for some small workshops; in recent years, the changes were relatively large and the quality of personnel improved, such as the nation’s largest hardware market to be built in Beijing. The heads of China Hardware City are all Ph.D. and postdoctoral people. With the improvement of technology and management level, factories like Great Wall Precision have already achieved a very high level of technology and management.