Market Watch: Developed Countries Fade Out of the Daily Hardware Industry

Due to the rapid development of production technology and the high price of labor, developed countries have accelerated the transfer of medium and low-end products to the Third World, and they only produce some high-value-added products. DIY products become the new favorite in the hardware market. In recent years, with the ease of installation and maintenance of the architectural hardware products of developed countries in the United States and Europe, dotyourself products and tools have been greatly welcomed by the market. According to professional analysis, in the next two years, domestic architectural hardware products will also move toward an intelligent, humane development path.

China's hardware has entered the forefront of the world. In contrast, China's domestic hardware tools market, China's hardware tools market is mainly distributed in Zhejiang, Jiangsu, Shanghai, Guangdong and Shandong, where Zhejiang and Guangdong are the most prominent.

Zhejiang: Zhejiang Yongkang has always been known as the "hometown of hardware," and the Zhejiang people's awareness of market operations is quite strong. From the original hot pot products and stainless steel mugs to the scorching scooters that became popular in the past year, they have brought their financial resources. .

Guangdong: To be the world's mold production center. At present, more than 6,000 mold companies have gathered in the surrounding areas of Shenzhen and the Pearl River Delta, and employ more than 100,000 people. It has held five consecutive South China International Die & Mould Exhibitions in Shenzhen, attracting more than 1,000 companies from 25 countries and regions. It is the most professional and internationally-standard mold industry exhibition in China today.

China's daily hardware industry is gradually entering the world. China has established 14 technological development centers including zippers, electric shavers, stainless steel vessels, iron pans, blades and bicycle locks, and 16 product centers such as pressure cookers, electric shavers, and lighters. The vast majority of these centers have now developed into the vanguard of the industry, and some have become the vanguard of the world and have achieved good economic returns. China has gradually become a major metal processing country and a major exporter. China has become one of the world's largest hardware manufacturers, with a vast market and consumer potential. According to Luo Baihui, head of the International Die & Metals and Plastics Industry Suppliers Association, at least 70% of China's hardware industry is privately-owned enterprises, which is the main force for the development of China's hardware industry. In the international hardware market, developed countries in Europe and the United States have shifted their universal products to developing countries due to the rapid development of production technology and rising labor costs. They only produce high value-added products, and China has a strong market potential, so it is more advantageous. Developed as a major exporter of metal processing, but China's hardware tools to meet the international level, there are still a long time to improve and efforts.

The transformation of high-end furniture hardware companies to improve competitiveness With the development of China's industrial technology, furniture production from the previous hand workshops, to the current mechanical mass production. Hardware accessories have higher requirements for versatility, interchangeability, functionality, and decorativeness. The diversification of substrates, the structural reforms and the increase in the use of functions, the role of furniture hardware in furniture is no longer just the connection of decorative and part of the moving parts, its functionality is increasingly strong, and the areas involved are also becoming wider and wider. . Professionals say that for furniture manufacturers, the transition from "ordinary commodities" to "customized goods" will be closer to customers and create value-added products and services, which will require companies to increase production efficiency, reduce costs, improve product quality, and increase domestic demand. The competitiveness of foreign markets.

In the furniture hardware industry, there is a lack of contact between many furniture hardware manufacturers and end customers, and too much depends on retailers to obtain information on customer needs and expectations. Professionals believe that the furniture hardware manufacturing industry must learn how to approach end-users, how to provide them with products, and to ensure their own profit, which requires better marketing capabilities, better sales network, lean production and flexible manufacturing capabilities, Real-time supply chain operations capabilities, supply chain management, innovative thinking and leadership, and new business models such as better education and training for employees.

From a manufacturing perspective, the factory must be as automated as possible to obtain maximum productivity and increase labor productivity.

Therefore, new technologies and "lean manufacturing" may be needed to reduce costs. At the same time, it is necessary to increase investment in workers' education and training, new product development and research, so as to cultivate workers with special skills. Create advanced products and sell for good prices. If we continue to produce general merchandise products and provide low-level services, then we will continue to lose our market and hand over to regions where labor is richer and cheaper.

According to Mike Porter’s definition of “competition theory,” “agglomeration refers to a group of geographically close, interconnected companies that have synergistic institutions in specific areas that are linked through common interests and complementarity” through supply. Chain development strategic partners work collaboratively in all aspects of the entire supply chain, making resources most effectively integrated and utilized.