At present, the larger market in the hardware industry is mainly concentrated in mechanical hardware, building hardware, decorative hardware, hardware for daily use and other large pieces.Experts predict that China's industrial added value will increase from 5.72% in 2000 to more than 10% by 2020.Exports of manufactured goods as a proportion of global exports of manufactured goods have been growing since 2000

At present, the larger market in the hardware industry is mainly concentrated in mechanical hardware, building hardware, decorative hardware, hardware for daily use and other large pieces.Experts predict that China's industrial added value will increase from 5.72% in 2000 to more than 10% by 2020.Exports of manufactured goods account for more than 10 per cent of global exports, up from 5.22 per cent in 2000.At that time, China will have a number of powerful hardware manufacturing groups, forming a number of distinctive and internationally known hardware manufacturing concentration areas.

After decades of accumulation and steady improvement, China's hardware industry is now a country with large output in the world, and its exports have been growing steadily every year.Among them, the biggest export amount is tool products, which amounts to usd 5.34 billion.Construction hardware came next, at $4.34 billion.Faucets export $2.23 billion and locks export $680 million.The biggest exporters were the United States, Japan, Europe and South Korea.The annual export of China's hardware industry is growing at about 8%.Last year, exports of hardware exceeded $5 billion, ranking third in light industrial exports.Due to the improvement of China's hardware manufacturing level and the expansion of production capacity, China's hardware products are expected to maintain a steady growth of over 10% per year in the next five years.In the first 10 months, China's imports and exports of hardware and electrical products exceeded 500 billion us dollars.The surplus further expanded to reach 7.06 billion us dollars, accounting for 64 percent of the national trade surplus in the same period.

The development potential of the hardware industry is huge and the market opportunities are attractive. Luo baihui, head of the international mold and plastic metal industry supplier association, pointed out that the development characteristics of China's hardware industry present six trends: surging exports and obvious comparative advantages;The active operation of capital drives resource sharing among enterprises;Enterprise polarization brings market rationality;The increase of high-tech content and the improvement of product market competitiveness, "internationalization of domestic competition and internalization of international competition" will be the development features of China's hardware industry in the next few years.

1. The status as a global hardware manufacturing center will be further consolidated.

China has relatively complete economic facilities, relatively mature industrial development and low labor costs, and has the comparative advantage of becoming a global hardware manufacturing center.The enhancement of central position is reflected in the overall growth of export of hardware products in recent years.The main hardware and electrical products are in full bloom, while the traditional export categories of electric tools, hand tools and building hardware products are growing very fast.The huge market and central position will further attract the manufacturing center of multinational hardware companies to China.

2. The capital operation in the industry will become more active and the cooperation between enterprises will be significantly strengthened.

In the context of global competition, industrial capital is another theme of industry operation in order to gain favorable competitive position and improve competitiveness.In 2004, supor and huadie went public successively, and hongbao made active efforts to go public. Wanhe's capital market operation will not stop because of the failure of restructuring with guangdong meiya.From the perspective of capital, the current main feature is the capital expansion is intensifying.From the perspective of competitive behavior, the cooperation of resource sharing among enterprises is increasing.

3. Enterprise polarization will be further intensified.

The next few years will be the high speed concussion period of the hardware industry, the direct consequence of this high speed concussion is the tendency that leads to polarization in current hardware hutch defend brand camp to enlarge.Expect to be able to survive in the market in the next few years, there are not so many hardware enterprises.But this kind of high speed concussion of hardware industry will bring huge opportunity, the result of concussion will make market operation more rational.

4. The sales channels will undergo profound changes and the competition between channels will become increasingly fierce.

With its broad market coverage, procurement scale and cost advantages, large retailers will be increasingly able to control the production enterprises in terms of product pricing and payment.At the same time, the international market will gradually develop and change the requirements of China's hardware products, which will have higher requirements on the quality, packaging and delivery time of Chinese products, and even gradually extend to the production process and product research and development, and combine the products with environmental protection, energy resources and humanistic environment.

5. Market competition will shift from price to high-quality and high-tech products.

With the deepening of competition, the profit space of each stage of the hardware industrial chain is compressed, and the space of price reduction is gradually reduced.More and more enterprises realize that price competition alone cannot establish core competitiveness and is not the direction of long-term development, so they are trying to explore a new development path.Many hardware enterprises have increased their investment in technology, developed new products with high technology content, took product differentiation as a long-term solution for enterprise development, sought new market demand, and established new economic growth points (such as small household appliances and other similar industries) to achieve sustainable development of enterprises.

6. The integration of domestic and foreign enterprises will be further accelerated.

In order to improve their own strength and expand the international market faster, domestic hardware enterprises will accelerate the integration with foreign enterprises through various means to improve product quality and competitiveness.While continuing to expand the markets of traditional countries such as the United States and Japan, it will also blossom in southeast Asia, the Middle East, Russia, Europe and Africa.