Development Prospects of China's Hardware Power Tools Industry in 2012

With the gradual increase in the level of ordinary people’s consumption, the demand for passenger cars to enter ordinary families, car tools and auto parts has greatly improved. Vehicle-mounted tools include wrenches, jacks, rivet guns, etc. Among them, electric vehicle-mounted tools sell the best. Electric vehicle-mounted tools have small size, light weight, excellent performance and safe use. Rivet guns can also be applied to decorating, carpentry and other decoration industries. At the same time, practical family portfolio tools have begun to enter the homes of ordinary people. Sophisticated packaging, complete types, numerous functions, and reasonable prices are good helpers for families and businesses, as well as gifts for relatives and friends. In particular, some foreign tourists have a soft spot for a practical family combination tool. Buying a set of personal or gifted relatives and friends is economical and affordable.

The demand for hardware and tools products is very strong, especially the emergence of gift kits, indicating a new path for the hardware tool industry. In recent years, garden tools have also entered the ordinary family of ordinary people. Its style and color also changed from the monotonous type of the past, adding a unique shape and yellow, green, blue and other colorful colors, especially in the type of tools, compared to the previous rich. According to Luo Baihui, secretary-general of the International Model Association, driven by the emerging trend in the hardware market, hardware tools, such as practical household tools, garden tools, automotive tools, machine tools, etc., are popular, and purchases are steadily increasing. The sales situation is optimistic. Should vigorously develop power tools, hand tools, measuring tools, range finder, pneumatic tools, garden tools, desktop tools, focusing on the development of high-end and sophisticated combination of tools, car tools, construction hardware, kitchen appliances, and other products to speed up the formation of Multi-species, multi-standard, serialized core technologies and products with independent intellectual property rights. It is time for a clear focus on development and for upgrading the industrial structure.

At present, the production and operation situation of China's power tool industry is still strong. The demand for the domestic power tool market is still very large, and it will promote the production and operation of those domestic enterprises that mainly focus on domestic sales to develop in a favorable direction. However, people have also noticed that due to the difficulties encountered in foreign trade exports, many electric power tools companies that originally only used to export were starting or have already turned to the domestic market, aggravating the competition in the domestic electric tool market. Those companies that are taking a defensive and failing to make progress in the face of difficulties may fear more crises. The foreign hardware import tool companies pay great attention to the new design of the product. The affiliated R&D department conducts a large number of investigations and studies on the users each year, and on this basis, designs new products. Hardware tools company Stanley and other oem orders in China, there are new products every year. Therefore, we must see the gap and continue to learn and surpass it in order to achieve better development.