What is the trend of Chinese precision hardware industry

In recent years, due to the continuous improvement of consumer demand, hardware accessories put forward a greater demand and higher requirements. Take furniture industry for example, the quality and grade of furniture is mainly reflected in the selection of precision hardware accessories. Inconvenient use of furniture, to a large extent, is due to the improper selection or lack of precision hardware furniture. As long as there are corresponding precision hardware accessories, very complex multi-functional furniture can be produced. Hardware components account for 5 % of the value of furniture, but operating comfort accounts for 85 %.

The importance of hardware in furniture.

We will actively develop and popularize technologies for resource conservation, wholesale replacement and recycling of locks, speed up the technological transformation of enterprises to save energy and reduce consumption, and implement a mandatory elimination system for processes and products that are costly, polluting and technologically backward. We will implement price and fiscal policies conducive to resource conservation. In key industries such as metallurgy, building materials, chemical industry, and electric power, as well as industrial parks and several cities, we will carry out pilot projects on circular economy, improve laws and regulations, and explore effective models for developing circular economy. We will strengthen our sense of economy, encourage the production and use of energy-saving and water-saving products, energy-saving and environment-friendly automobiles, and develop energy-saving, land-saving buildings, so as to form a consumption model that is healthy and civilized and saves resources.

As the saying goes: the state law, home rules, precision hardware industry rules. The industry standards that have been formally introduced and will soon be implemented also attach great importance to the research and development of energy-saving products. The era of frugal hardware industry is gradually approaching.

According to statistics, the total import and export of precision hardware industry in China reached 74.923 billion U.S. dollars this year, a year-on-year increase of 30.1 %. The total export volume was 57.51 billion U.S. dollars, a year-on-year increase of 31.4 %; Total imports amounted to $17,412 million, a 26 per cent year-on-year increase. Industry experts said that in the future, they will also guide the adjustment strategy of the entire industry, speed up the transformation and structural adjustment, and switch from exporting to "both domestic and foreign trade, and domestic and foreign markets," and continue to open up the domestic market. This positive driving effect has led to a significant rebound in the precision hardware industry, especially in the domestic sales show explosive growth, achieving a high growth rate of 27 % in the entire industry.

In this regard, experts believe that the opportunity comes mainly from the increasing demand for construction hardware. With the development of China's affordable housing project, more and more regions in the country have entered the period of renovation, and the demand for construction hardware has warmed back, which has stimulated the development of construction hardware products in China to a large extent.

The state's huinong policy has been promulgated continuously, and it also coincides with the "12th five-year" housing construction plan. The rural market contains huge business opportunities. Many companies in the hardware industry should also create suitable products for them. At the same time, with the further deepening of the Huinong policy, the rural infrastructure construction project will be further carried out. Highway construction and civil construction will bring a larger consumer market for supporting hardware.

At the same time, with the price of housing all the way up, the house has become a luxury for the average person, and for the buyers, how to decorate this enviable "luxury" is an extremely important thing. With the improvement of people's living standards, the quality of people's lives is also climbing all the way. The choice of products is also based on quality, especially for large items such as doors and Windows, sanitary baths, and lamps, which are used for long periods of time. " Therefore, hardware enterprises should strictly put this level of quality.

In recent years, the state has vigorously implemented policies on energy conservation and emission reduction. Whether it is price regulation or publicity and guidance, the concept of "energy conservation and environmental protection" has become more and more popular. For example, household water consumption, sanitary products, has also become a primary problem in water conservation. More consumers are more willing to choose energy-saving sanitary hardware products. At this point, for hardware companies, not to retreat, strengthen technological innovation, diversification is the key development.

Home hardware can be divided into ordinary and special two categories according to the settings. The former includes a hinge slide, etc.. The latter includes bathroom hardware and kitchen pendant. Hint, sliding track, hinge and lock are used most frequently in life, so it is more important.