Hardware manual tool industry where is the road

With the improvement of people’s living standards and the innovation of product production technology, various high-tech hardware products are flocking to the market. China’s hand tool manufacturers’ product categories are mostly fastening tools, such as basic hand drills, impact wrenches, and combination tools. Etc. At the same time, this type of product has a high potential for development. Although China's hardware tools have been widely used in various industries and have achieved significant economic benefits, there is still a certain gap between their technological level and foreign similar products.

Looking at international tool companies, there is a clear gap between Chinese tool companies. In terms of scale, foreign companies are large in scale, with a wide distribution of products and a rich product line. From the perspective of strategic planning, world-class company products give a very clear impression. Because of the excessively vicious competition of our tool companies, domestic manufacturers and brands are not prominent and their core competitiveness is poor. In terms of services, foreign manufacturers use their country’s laws as their code of conduct and service standards. In contrast, many domestic companies have poor service quality, and some even have no after-sales service. However, domestic companies also have their own relative advantages, such as having a high degree of familiarity with the market, and a better understanding of local cultural customs, so it is more likely to establish their own brands.

In order to achieve greater development, to go abroad, and expand the consumer market, China’s hardware and tools companies must change their concept of development, take the path of grouping or joint ventures, establish large enterprise groups, guide the development of the industry, and create their own independent brands. Promote brand building, actively participate in international competition, and open up the entire industrial chain. Rely on scientific and technological advancement, increase scientific and technological investment, increase the scientific and technological content of products, update production equipment, pay close attention to research and promotion of new technologies, new processes, and new products, and improve the technical level of China's hardware industry.