At present, at least 70% of China's hardware industry is a private enterprise, which is the main force for the development of China's hardware industry. Although the financial crisis in previous years has had a slight impact on Chinaâ€™s hardware exports, it has improved since 1999. Foreign exchange earned through exports rose from US$2.76 billion in 1995 to US$3.847 billion in 1999, an increase of 71.74%, with an average annual increase of 11.4. %, has been steadily growing since then. With the development of domestic hardware market, Chinaâ€™s daily hardware industry has entered the forefront of the world: Since 1996, China has established 14 technology development centers including zippers, electric shavers, stainless steel vessels, iron pans, blades, and bicycle locks. At present, the overwhelming majority have become the vanguard of the industry, and some have become the vanguard of the world. For example, the output value of the Zhaoxing Group, which produces zippers, exceeds 320 million yuan; China has gradually become a world-leading hardware processing country and exporter, and Chinaâ€™s hardware industry exports are currently More than 10% of the growth rate accelerated. Last year, the export ** exceeded 5 billion U.S. dollars, ranking third in China's exports of light industry.
In the international hardware market, due to the rapid development of production technology and the increase in the price of labor, developed countries in Europe and the United States have turned universal products into the production of developing countries, producing only high value-added products. And China has a strong market potential, so it is more conducive to the development of a major exporter of metal processing. China's hardware market is mainly distributed in Zhejiang, Jiangsu, Shanghai, Guangdong and Shandong, among which Zhejiang and Guangdong are the most prominent. According to Luo Baihui, secretary-general of the International Mould and Metals and Plastics Industry Suppliers Association, the category of hand tool product categories is export bulk, hand tools, gardening tools, and wrenches are ranked in the top four, followed by the pliers. From the perspective of exporting countries, the United States ranked first, followed by the United Kingdom, Germany and Japan. In the hand tools market, the demand for American hand tools has stabilized, while at the end of last year, the United States has increased the scale of new homes in the housing market, and there are still a large number of existing homes unoccupied, bringing great opportunities for housing renovation. The average vehicle type and age of motor vehicles are getting larger, which has played a certain role in promoting the sales of hand tools in the automotive aftermarket. The demand for forging tools for distribution of electronic products is strong, especially adjustable wrenches; the demand for hand tools in Germany has increased, and in Germany, the most comfortable and labor-saving tools are the most popular. The smooth handles and beautiful appearance that help grip the tools are all important factors that appeal to their purchase. With regard to the types of tools, power tools are now becoming more and more popular. Cordless tools have become increasingly popular. The new rechargeable tools currently on the market have multiple rechargeable battery jacks that can be used in various environments. Taiwan's hand tool industry adjusts the product structure. Taiwan's hand tool industry has a stable product quality, timely delivery, and a complete product range. To meet customer needs, it has certain advantages in the world. Moreover, Taiwanâ€™s hand tool sales are dominated by the off-island market. At present, there are about 5,000 local manufacturers, which are mostly located in the central area of â€‹â€‹Taiwan Island.
In the next two years, the domestic construction hardware products will move towards the development of intelligence and humanity. Luo Baihui believes that in the international hardware market, developed countries have accelerated the transfer of medium- and low-grade products to the Third World, and developed countries have shifted medium and low-end products to the Third World. Due to the rapid development of production technology and the high cost of labor, they have been affected in Europe and America. The architectural hardware products of developed countries are designed to be easy to install and maintain, and they only produce some high value-added products; the products have become a new favorite in the hardware market. In recent years, self-assembled products and tools have been welcomed by the market.