In 2013, due to the rapid development of production technology and rising labor prices, the general products were transferred to developing countries, and they only produced high value-added products.
And China has a strong market potential, so it is more conducive to its development into a hardware processing export country. China's hardware market is mainly distributed in Zhejiang, Jiangsu, Shanghai, Guangdong and Shandong and other places, of which Zhejiang and Guangdong are the most prominent.
According to relevant survey data, in terms of individual hand tool product categories, sleeves are exported in bulk and hand tool combinations are ranked.
In the hand tool market, the demand for hand tools in the United States is stable, and while the scale of new houses in the housing market in the United States increases, there are still a large number of existing houses and uninhabited, bringing great opportunities in the housing renovation market.
The increasing average model and age of motor vehicles has played a certain role in promoting the sales of hand tools in the automotive aftermarket.
Forging tools for electronics distribution are in strong demand, especially adjustable wrenches. The demand for hand tools has increased in Germany, where comfortable and labor-saving tools are popular.