Industry analysts pointed out that China has become one of the world's largest hardware processing and production countries, with a broad market and consumption potential. At present, at least 70% of China's hardware processing industry are private enterprises, which are the main force in the development of China's hardware industry. On the other hand, in the international hardware market, due to the rapid development of production technology and rising labor prices, developed countries in Europe and the United States have shifted the production of universal products to developing countries and only produce high value-added products, while China has strong market potential. , So it is more beneficial to develop into a large exporting country for hardware processing.

The threshold of my country's hardware processing market is low, so the situation is: there are many enterprises and many products, but the technology is too rough. Unofficial survey data indicate that in the past, our country's hardware companies invested less than 1% of their turnover in research and development, and it is understood. Foreign brand hardware and tool companies, their technology research and development funds are as high as 10% to 30% of their turnover. This is also the reason why my country's hardware products frequently encounter foreign trade barriers and anti-dumping.

However, with the development of the times, the richness of hardware products can be personally felt. According to the "2015-2020 China's Hardware Tool Industry In-depth Research and Prospect Forecast Report", from the perspective of products and enterprises, many hardware companies adopt processing trade methods, and their technological innovation capabilities are not strong. This makes China's hardware industry The stamina is insufficient, and the advantage is gradually lost in the international market competition. In the future development process, for the hardware industry that mainly relies on the comparative advantage of labor costs, while the comparative advantage is relatively weakened, it will increasingly need to rely on enhanced competition. Advantages to maintain and enhance the international competitiveness of the industry. At present, my country has formed three major hardware industrial zones in the Pearl River Delta, the Yangtze River Delta and the Jiaodong Peninsula, and hardware industrial clusters such as Zhejiang Yongkang, Zhongshan Xiaolan, and Jiangsu Qidong have emerged.

After more than ten years of accumulation and steady improvement, my country's hardware industry is now the country with the largest output in the world, and exports are growing steadily every year. Among them, the largest export value is tool products. The countries with the most exports are the United States, Japan, Europe, and South Korea. The annual export of my country's hardware industry is growing at a rate of about 8%. Due to the improvement of China's hardware manufacturing level and the expansion of production capacity, China's hardware products will continue to maintain a steady growth of more than 10% per year in the next few years.

This shows that China has a wealth of hardware products to meet the needs of the world market. At the same time, China is also a big hardware consumer market, which has attracted the attention of the world's hardware counterparts, and the future development of hardware will get better and better.