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Analysis of Development Trends in the Hardware Industry
China's hardware industry, after more than a decade of accumulation and steady improvement, is now the world's largest producer, with exports steadily increasing each year. It is understood that China's hardware industry's annual exports are growing at a rate of around 8%. In 2012, exports of hardware products exceeded US\$5 billion, ranking third in light industry exports. Due to improvements in China's hardware manufacturing capabilities and expanded production capacity, it is expected that China's hardware products will maintain steady growth of over 10% annually for the next 5 years. China is becoming a truly major hardware industry power.
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Opportunities Hidden in the High-End Hardware Market
China Hardware Tools Network points out that the consumption points in the domestic hardware market have changed in the white-hot competition, and high-end and intelligent features have also become a significant characteristic of the hardware demand market; coupled with the growing call for Brand building, it has pushed the domestic hardware industry into the ranks of transformation and upgrading.
The hardware city is expected to become a leader by transforming into a modern enterprise system
On the 28th, Zhang Weiya, Secretary of the Municipal Party Committee and Director of the Standing Committee of the Municipal People's Congress, during a survey of the development of China Science and Technology Hardware City, pointed out that our city has the support of the Yongwu Jinwu hardware industry cluster, the well-known brand of the Hardware City, and the foundation and reason to become a major market city.
The shift of the focus of the hardware and electrical machinery market towards smaller and medium-sized cities is an inevitable trend.
The hardware and electrical machinery market serves as a parts warehouse for industrial enterprises; numerous industries require products such as screws, nuts, wrenches, hammers, and bearings. Luo Baihui, Chief Operating Officer of Jinmo Electric Network, believes that the shift of the hardware and electromechanical market's focus towards smaller and medium-sized cities is an inevitable trend. Whether or not a hardware and electromechanical market should be built in a certain region depends on many factors. The level of industrial development in a region determines the scale of the local hardware and electromechanical market. At the same time, factors such as the local hardware circulation volume, the number of operators, the turnover, regional finances, and the industry-agriculture ratio should all be included in the research scope.
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