Global Hand Tool and Tool Market Analysis

At present, China's daily hardware industry has entered the forefront of the world. 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. China has gradually become a major metal processing country and a big exporter in the world, and it has become one of the world's major hardware manufacturers with a vast market and consumption potential. It is not difficult to find out carefully that there is a trend in the development of hardware tools in China.

First look at the hand tool market: The demand for German hand tools has increased. In Germany, the tools for comfort and labor 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. In addition, rechargeable tools have become increasingly popular. The new rechargeable tools currently on the market have multiple battery jacks that can be used in a variety of environments.

U.S. hand tool market demand has stabilized. At the same time that the United States increased the scale of new homes in the housing market at the end of last year, 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. In addition, there is strong demand for forging tools for distribution of electronic products, especially adjustable wrenches.

Taiwan's hand tool industry has adjusted its product structure. Taiwan's hand tools industry has certain advantages in the world by virtue of its stable product quality, timely delivery, and complete product range, which can meet customer needs. Moreover, Taiwan’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 ​​Taiwan Island. According to relevant survey data, with regard to the category of individual hand tools, the sleeves are the bulk of exports, followed by hand tools, the third is garden tools, the wrenches are ranked fourth, and the clamps are ranked fifth. In terms of exporting countries, the United States ranked first, followed by the United Kingdom, Germany and Japan.

Let's look at the tool market: The demand for the tool market in the world will continue to grow. According to reports, the demand for cutting tools in the world continues to grow. Among them, European and North American countries have maintained stable growth, especially in Eastern Europe. The Asian market has seen a slight recovery. The market has great potential. The Latin American market has grown significantly, especially Mexico. (In the past year, the slow growth in demand for the tool market was mainly due to the increase in tool life, followed by the user's request for the entire manufacturing process, replacing many machine tools and tools, and the increasing use of multi-purpose tools. A lot of simple tools with single functions in the past.) Experts predict that in the future, users will place more emphasis on the research and development of tools by manufacturers, not only in the field of materials and surface coating technology, but also in the field of tool products and their production processes. . The expert said that focusing on production practices will help toolmakers increase their market competitiveness in areas they are familiar with.

Technical updates. Tool technology, cemented carbide tools gradually replace high-speed steel tools, especially circular tools. The application of coated cutters is becoming more and more common. In Europe, the market for new cutting tools for high-speed machining continues to increase. The dynamics of the manufacturers. Judging from the cooperation mode of tool manufacturers, many large companies will emerge in the high-tech market.

The general situation and development trend of the mold market: During the tenth period, the general trend of the mold market was stable upward. At present, the domestic market has a large demand for medium-to-high-grade molds, but domestic molds must meet the needs of users in terms of quality and delivery time. Moreover, the home appliances, automobiles, and plastic products industries have the greatest demand for molds. In the international market: In recent years, labor costs in industrialized countries have increased and they are moving to developing countries, especially in Southeast Asia. Its domestic production of high-precision molds, labor-intensive labor-intensive molds rely on imports to solve. Therefore, the medium and low-end mold international market has great potential. As long as the quality of domestic molds can be improved, the delivery date can be guaranteed, and the outlook for mold exports is very optimistic. In addition, the international market demand for racks and mold standard parts is also very large. At present, China only has a small amount of exports to the framework.

In the new wave of integration of the world economy, the global manufacturing industry has accelerated its shift to mainland China, and China will gradually develop into a world-class manufacturing base. Experts predict that Guangdong, especially the Pearl River Delta region, will become a world mold manufacturing center within 10 years. At the same time, due to the fact that China has used nearly 1 billion US dollars in imports of mold every year in recent years, among which precision, large-scale, complex, long-life molds account for the majority, so from the perspective of reducing imports, the proportion of such high-grade molds and hardware tools in the market will also be Gradually increase.