BEIJING, April 17 /PRNewswire-Asia/ -- Himfr.com (http://www.frbiz.com/hardware-tools/ ), one of China's leading B2B search platforms with more than 30 B2B industry websites to its name, analyzes hardware industry development prospects.
Internationalization and domestic competition will be the development of China's hardware industry trend in the next few years.
Through the rapid rise of economic power, China has become the world's most dynamic economic region. China's improved facilities, more mature industry and labour costs have the comparative advantages to become a global hardware manufacturing centre.
The industry focus in recent years has been on overall hardware products export growth. The exports of metal products were higher than the growth rate of output, higher than domestic market growth rate, and the main hardware electrical products export rise (i.e. power tools, hand tools, building hardware products, and other traditional products). Market potential will further attract multinational hardware manufacturing companies to transfer to China.
The next few years will be a high-speed hardware industry shock period, which is a direct consequence of the current hardware kitchen brands expanding the trend of polarization. However, this high-speed hardware industry shock will lead to great opportunities; the result of concussion will be more rational market operations.
Integration of Domestic and Foreign Enterprises Increases
Domestic hardware enterprises, in order to improve their own strength and expand to the international market more quickly, will speed up the integration with foreign enterprises, improving product quality and enhancing competitiveness. They'll continue to expand in the United States, Japan and other traditional markets, while countries in Southeast Asia, the Middle East, Russia, Europe, and Africa will also join.
To sum up, China's hardware industry will continue the momentum of structural adjustment, but at the same time will continue to see some bright spots. Hardware companies will become increasingly polarized, a number of enterprises which cannot meet market competition will be out of the market, and the hardware giants will gradually come out.
About Himfr.com
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