The hardware industry will enter a period of high-speed shock


2022-03-31 09:00

In recent years, China's hardware industry has made great progress in scale and enterprise quality, and a number of leading enterprises have emerged that occupy a certain market share and brand influence. Most of the weaker hardware products SMEs may decline or even die out.

In recent years, the export of hardware products has increased, and the main hardware and electrical products have blossomed. Not only the traditional export products such as power tools, hand tools, and construction hardware products have increased rapidly, but also the kitchen electrical products and bathroom products, which had a small proportion of exports in the past. Export growth is also very obvious.

Relevant industry research reports believe that with the acceleration of China's integration into the global economic environment and the rapid rise of its economic strength, China has become a dynamic economic region in the world. China's economic facilities are relatively complete, its industrial development is relatively mature, and its labor costs are relatively low. It has the comparative advantage of becoming a global hardware manufacturing industry, and the hardware manufacturing industry has obvious characteristics of export-oriented development.

The next few years will be a period of high-speed shock in the hardware industry. The direct consequence of this high-speed shock is to expand the trend of differentiation in the current hardware brand camp. There are not as many hardware companies that are expected to survive in the market in the next few years. However, this high-speed shock in the hardware industry will bring huge opportunities, and the result of the shock will make the market operation more rational.

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