Six Characteristics of the Future Development of China Hardware Industry

China's hardware industry has maintained a high-speed development trend since the 1990s, and has now become an important hardware product country in the world. my country's hardware product industry has huge development potential and broad market prospects. Relevant hardware companies should be brave to meet challenges and seize the market. Opportunity to develop with the industry! It is embodied in the following six aspects.

1. China's position as a global hardware manufacturing center will be further consolidated

China's economic facilities are relatively complete, its industrial development is relatively mature, and its labor costs are relatively low. It has the comparative advantage of becoming a global hardware manufacturing center. The hardware manufacturing industry has obvious characteristics of export-oriented development. The strengthening of the central position is first manifested in the overall growth of the export of hardware products in recent years: the export growth rate of major hardware products is higher than the growth rate of production, and higher than the growth rate of sales in the domestic market; the main hardware and electrical products are in full bloom, and the electric Tools, hand tools, construction hardware products, these traditional export categories, saw a high growth rate. The huge market and the gravity of the central position will further attract the transfer of the manufacturing centers of hardware multinational 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 environment of global competition, in order to gain a favorable competitive position and improve competitiveness, industrial capital is another theme of industry operation. From the perspective of capital, the main feature at present is that the expansion of capital is intensifying. From the perspective of competitive behavior, cooperation in resource sharing among enterprises is increasing.

3. The polarization of hardware enterprises will further intensify

The next few years will be a period of high-speed shock in the hardware industry. The direct consequence of this high-speed shock is to expand the trend of polarization in the current hardware brand camp. It is expected that there will not be so many hardware companies that can really survive in the market in the next few years. However, this high-speed shock in the hardware industry will bring huge opportunities, and the result of the shock will make the market operation more rational.

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

On the one hand, manufacturers have strengthened their control over retail terminals, striving to reduce sales links, save sales costs, and make sales channels develop in a professional direction, and corporate sales models are developing in a direction that can adapt to various markets at the same time. On the other hand, trends in the development of the sales industry have led to the rising status of large chain stores, increased control over the industry, and participation in and triggering price competition that was previously dominated by manufacturers. By virtue of their broad market coverage, purchasing scale and cost advantages, large retailers will increasingly control production enterprises in terms of product pricing and payment delivery. At the same time, the requirements of the international market for my country's hardware products will gradually develop and change, and there will be higher requirements for the quality, packaging, and delivery period of Chinese products, and even gradually extend to the production process and product research and development. , energy resources, human environment combined.

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

With the deepening of competition, the profit margins of each stage of the hardware industry chain are being compressed, and the room for price reduction is decreasing. More and more enterprises realize that price competition alone cannot establish core competitiveness and is not the direction of long-term development, so they strive to explore new development paths. Many hardware companies have increased technical investment, developed new products with high-tech content, regarded product differentiation as a long-term plan for enterprise development, sought new market demand, and established new economic growth points to achieve the company's sustainable development. continuous development.

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 speed up 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 fully bloom in Southeast Asia, the Middle East, Russia, Europe, and Africa. Overall, my country's hardware industry will continue the momentum of structural adjustment, but at the same time there will be some bright spots. The polarization of hardware companies will intensify. Some companies that are not suitable for market competition will withdraw from market competition through different channels, and hardware giants will gradually emerge.

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Item No.: B5111M
13 x 1/4’’ Dr. Socket: 4-4.5-5-5.5-6-7-8-9-10-11-12-13-14mm
11 x 3/8’’ Dr. Socket: 9-10-11-12-13-14-15-16-17-18-19mm
14 x 1/2’’ Dr. Socket: 14-15-16-17-18-19-20-21-22-23-24-27-30-32mm
3 x Ratchet Handle: 1/2’’ & 3/8’’ & 1/4’’ Dr.
1 x Spinner Handle: 1/4’’ Dr.
3 x Universal Joint: 1/2’’ & 3/8’’ & 1/4’’ Dr.
6 x Extension Bar: 1/2’’ Dr. 125 & 250mm; 3/8’’ Dr. 75mm & 150mm; 1/4’’ Dr. 50mm & 100mm
3 x Three Way: 1/2’’ & 3/8’’ & 1/4’’ Dr.
2 x Coupler: 3/8’’ x 5/16’’, 1/4’’ x 1/4’’
4 x Spark Plug Socket: 1/2’’ Dr. 16mm & 21mm, 3/8’’ Dr. 16mm & 21mm
15 x 5/16’’ Dr. 30mm(L)Bit: H:6-7-8mm, T:25-30-40-45-50, SL:6-7-8mm, PH:3-4mm, PZ:3-4mm
21 x 1/4’’ Dr. Bit Socket: PH:1-2-3, PZ:1-2-3, T:8-10-15-20-25-30-40, SL:4-5.5-7mm, H:3-4-5-6-8mm
3 x Hex Key Wrench: 1.5-2-2.5mm
12 x Combination Wrench: 8-9-10-11-12-13-14-15-16-17-18-19mm
Qty/CTN: 2 sets
Gross weight: 15.12Kg
Carton size: 490x206x335mm

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•Includes SAE & Metric in 1/4, 3/8 and 1/2 Drive Sets
•Standards: DIN 3124, DIN 3122, DIN 3113
•72 gears, each equipped with a 5 degree drive.
•Quick socket release button on ratchet
•Drop Forged Steel with Chrome Vanadium Finish
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