Jun 16,2022
The development trend of hand tools
In recent years, with the acceleration of the economic integration system process, the hand tool manufacturing industry in my country has gradually become the backbone of the hardware tool industry. Whether it is in the tool market or in the Chinese tool market, the use of hand tools has a wide coverage and a large demand. The requirements for hand tools in some capitalist countries are rapidly increasing by more than ten percent every year. The common product types of hand tool manufacturers in mainland China are standard products, such as basic hand drills, impact wrenches and component wrenches, which have high growth potential.
We know that the generation of hand tools is mainly affected by the price of materials such as stainless steel sheets. Most hand tools are products of small and low-profit enterprises, and the market competition is fierce, and it is unlikely that prices will increase uniformly. Certain price hikes undoubtedly amount to abandoning old customers, who are afraid to risk losing the market. Generally speaking, when products are exported to other industries, the price regulation in the field of hand tools is about 10% lower than the previous year. It is not difficult to see that once the price of steel increases substantially, the lives of hand tool manufacturers will be immediately endangered.
In the past, China was mainly used as a manufacturing industrial base for hand tools. With the continuous growth of China-China economic development, China-China has become a potential hand tool consumer market. Professionals believe that the domestic market of China-China is not inferior to that of Europe-America, with at least 400 million people consuming hand tools. Many hand tool manufacturers have entered the Chinese market.
The information content at the level of customer hand tools in my country comes from the key concentration on the corresponding service platforms on the network, dealerships, exhibitions, exhibitions and salesperson marketing. In particular, it is worth mentioning that customers do not know enough about the company at the first use. Many people only grasp the brand and quality of hand tools after purchasing and applying them. It can be said that the construction of hand tool brand culture is a very good opportunity for Chinese hand tool companies.