Hardware tool companies need to speed up technological transformation to fight market competition
Time：
2022-03-31 09:03
Hardware tools include various manual, electric, pneumatic, cutting tools, auto maintenance tools, agricultural tools, lifting tools, measuring tools, tool machinery, cutting tools, fixtures, knives, molds, cutting tools, grinding wheels, drills, polishing machines, Tool accessories, measuring tools and cutting tools, abrasives, etc. With the continuous application of modern scientific and technological achievements in the industry, the competition in the hardware industry is becoming more and more fierce. No matter which area of the hardware industry you want to gain a firm foothold in, you must fully understand the development of the market.
Most of the domestic hand tool companies are mainly low-end products or OEM, and the products and brand products are still dominated by European and American countries. Also, because the profit margins of manual tools are being compressed, the room for price reduction is decreasing day by day. It is difficult for enterprises to establish core competitiveness by relying on price competition alone, and new development paths should be explored.
The hardware industry is an important part of my country's light industry, and it is a sunrise industry with full market competition and closely related to people's lives. According to relevant data, more than 99% of the enterprises in the industry are private small and medium-sized enterprises, mainly located in Guangdong, Zhejiang, Jiangsu, Shanghai, Fujian, Shandong, Hebei and other provinces and urban areas.
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