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Analysis of the rapid development of China's hardware and machinery industry

2019-12-26 10:11

With the increase of labor costs in China in the past two years, the price advantage of low- and medium-grade standard tool exports will gradually be lost, and the export volume will inevitably decrease accordingly. If tool companies continue to focus on the production of traditional standard tools, their sales volume will gradually shrink (some private small tool factories produce large quantities of traditional standard tools, and large tool factories gradually lose this part of the market due to higher costs and inability to compete) There will be no future. Therefore, China's hardware tools industry must change its concept, vigorously develop the production of high-efficiency advanced tools, replace foreign products with domestic advanced advanced tools, recapture this part of the market occupied by imported tools, and attach importance to after-sales

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