1. Emergence and adoption of advanced and smart technologies driving market demand Increasing focus on innovation and new product development by major power tools and OPE market players to increase differentiation and maintain a competitive edge is expected to drive further incremental growth of the industry in the future. Major market players have been launching …
The Future Development Trend of the Hardware Tool Industry Read More »
In recent years, with the acceleration of global economic integration, China’s hand tool processing industry has gradually become the main force in the world’s hardware tool production industry. No matter in the global tool market or in the Chinese tool market, the application and demand of hand tools are beyond imagination. The demand for hand …
Analysis of the Development of China’s Hand Tool Industry Read More »
From 2016 to 2019, the import and export volume of China’s tool hardware showed a continuous growth trend. Among them, the export volume of China’s tool hardware industry in 2019 was 111.04 billion yuan; affected by the epidemic, the import and export volume of China’s tool hardware industry declined in 2020, and its export volume …
Analysis of Foreign Trade Export Trend of Hand Tool Industry Read More »
Production of raw materials to promote the development of the hand tool industry Most of the hand tools are low-profit products with low entry barriers and fierce market competition. Product competitiveness is deeply affected by raw materials such as steel. The higher the price of raw materials, the better the quality of hand tools. There …
The Future Development Trend of the Hand Tool Industry Read More »