Hardware tools refer to various metal devices made by physical processing such as forging, rolling, and cutting of metals such as iron, steel, and aluminum. Hardware tools can be divided into several categories based on the purpose of the product, including tool hardware, construction hardware, daily hardware, lock grinding tools, kitchen and bathroom hardware, home hardware, and hardware components. Hardware tools are a fundamental industry closely related to people's clothing, food, housing, and transportation, as well as a manufacturing industry with broad development prospects.
1、 Market situation analysis
In 2020, the demand for tool hardware in China reached 106.87 billion yuan, a year-on-year increase of 2.8%. Driven by the growth of downstream demand, the output of products in China's tool and hardware industry continues to increase, and the scale of output value also continues to expand. In 2020, the output value of China's tool and hardware industry was 163.62 billion yuan, a year-on-year increase of 0.5%. In order to adapt to the promotion of supply side reform and the changes in downstream industry demand structure, China's tool and hardware industry urgently needs transformation and upgrading.
In hardware products, the total production of metal cutting tools and electric tools has always ranked first in the country, accounting for more than 50% of the total production. The vast majority of electric tools sold globally are produced and exported from China, which has become the world's leading supplier of electric tools. In 2020, the size of China's electric tool market was 187.3 billion yuan, accounting for a large proportion of the hardware tool market.
The hardware tool industry market in China is mainly distributed in Zhejiang, Jiangsu, Shanghai, Guangdong, Shandong, and Sichuan, among which Zhejiang and Guangdong are the most prominent. Yongkang in Zhejiang has always been known as the "hometown of hardware", and the people of Zhejiang have a strong sense of market operation. The hardware products industry is an important component of the industrial economic system in Jiangsu Province and one of the key industries for export and foreign exchange earnings. It is not only a traditional labor-intensive industry with a long history, but also a manufacturing basic industrial industry with broad development prospects. According to incomplete statistics, there are thousands of large-scale hardware production and sales enterprises in Jiangsu Province, including more than 20000 hardware and electromechanical dealerships and operating departments in hardware blocks scattered throughout the streets and alleys, with an annual total output value of hundreds of billions of yuan. It is an important hardware production province in China.
2、 Domestic market
As for the domestic hardware tool market, according to relevant data statistics, the size of the domestic hardware tool market exceeded 250 billion yuan in 2021, of which the size of the electric tool market was 187.3 billion yuan, with the electric tool market accounting for a relatively large proportion
In terms of export status, the export regions of Chinese products are mainly the the Belt and Road, the United States and the EU 28 countries, of which the highest proportion is the the Belt and Road part, accounting for 28%. In the export product structure of hardware tools, the top three categories are manual and storage. Professional electric tools and accessories account for 65% of the total, with manual and storage accounting for the highest proportion at 26%.