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China's Hardware Industry

- Mar 27, 2018 -

In previous years, the overall level of China's hardware industry was not very high, and there were many small and medium-sized enterprises. The start was relatively low, mostly for small workshops; in recent years, the changes were relatively large. First, the quality of personnel improved, such as the largest number of buildings in the country currently under construction in Beijing. The head of hardware market“China Hardware City” is a doctoral and postdoctoral person; the second is the improvement of the process and management level.

At present, the level of domestic production processes is uneven, and many large foreign manufacturers use China as their product processing base. Many international companies have entered the mainland market one after another. China's hardware products are in the phase of upgrading, from the low-end to the high-end products over-time. This is very beneficial to the development of China's hardware industry, in the process of the transfer of production of foreign products to the domestic, it will inevitably bring along some advanced foreign production processes and management models including raw materials.

From the traditional hardware point of view, the first is the tool, which is a rapid development of manual tools, hydraulic tools, and power tools. The second is the construction hardware and decoration hardware. The replacement speed is faster. There is a great demand for hardware parts and components. Hebei Handan, a small processing plant, is lagging behind in its production process, and its sales force across the country has reached more than 100,000.

After more than ten years of accumulation and steadily increasing, China's hardware industry is now the world's largest producer, and exports have steadily increased each year. Among them, the largest export value is the tool products, up to 5.34 billion US dollars; followed by construction hardware, for 4.34 billion US dollars. The tap exports 2.23 billion U.S. dollars and the locks export 680 million U.S. dollars. The countries with the most exports are the United States, Japan, Europe, and South Korea. The annual export of China's hardware industry is growing at a rate of around 8%. Due to the increase in the level of Chinese hardware manufacturing and the expansion of production capacity, China's hardware products are expected to maintain a steady growth of over 10% per year over the next five years. In the first 10 months, the import and export volume of hardware and electromechanical products in China exceeded 500 billion U.S. dollars. The surplus further expanded, totaling 7.06 billion U.S. dollars, accounting for 64% of the national trade surplus in the same period. Changes in the international hardware market provide good opportunities for the export of hardware products in China. Hardware production in Asia, China, Taiwan, and Hong Kong is second only to developed countries in the world.

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