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 was 108.15 billion yuan.
The demand for global tool hardware is mainly concentrated in the Asia-Pacific region, North America and Europe. The demand in the Asia-Pacific region is mainly concentrated in China, Japan and other countries; in North America, the demand accounts for 29.0%, and the demand in Europe accounts for 25.8%. Other regions The area of tool hardware demand accounted for 6.6%.
It is expected that from 2021 to 2025, with the continuous growth of diversity and DIY consumer demand, the global tool hardware market will show a continuous growth trend. It is estimated that in 2021, the global tool hardware market size will be 438.09 billion yuan; it is estimated that in 2025, the global tool hardware market size may reach 512.09 billion yuan.
