Internationalization of domestic competition will be the new features of the development of China’s hardware industry in the next few years. China’s hardware industry under the leadership of professional exhibitions will display the characteristics of China’s hardware industry development.
1 The polarization of companies will be further aggravated.
It is understood that the next few years will be the high-speed shock of hardware industry, which led to the current polarization of the metal kitchen to expand. It is expected that not so much hardware business can truly survive in the market in the next few years. However, this high-speed shock will have a tremendous opportunity to the hardware industry. The result will make the market more rational.
2 There are active capital operation within the industry and significantly strengthened cooperation between enterprises.
In the global competitive environment, in order to obtain a favorable competitive position and enhance competitiveness, industrial capital is another theme to run the industry. From the capital point of view, the main feature of the current expansion is the increase of capital. From the point of view of competition, the cooperation on sharing resources between enterprises is increasing.
3 The status of China as a global hub for hardware manufacturing is further strengthened.
With China’s integration into the global economic environment and the acceleration of the rapid rise of China’s economic strength, China has become the world’s most dynamic economic regions. Mold industry expert Luo Baihui believes that China’s improved economic facilities, mature industries, lower labor costs, have become the comparative advantages of a global manufacturing center of hardware. The distinctive characteristic of the development of hardware manufacturing is export-oriented.
4 Price-based competitions in the market will be shifted to high-quality, high-tech products.
As competitions become fiercer, the profit margins of various stages of the hardware industrial chain were compressed. More and more companies recognize that price competition alone can not build core competencies and it is not the direction of long-term development. They start to explore a new path of development. Many hardware companies increase the technical input to the development of new products with high technological content. Product differentiation will be the long-term plan for the development of companies to seek new market demands, create new economic growth point (such as small household appliances and access to other similar industries), in order to achieve sustainable development.
5 The integration of domestic and foreign enterprises is further accelerated.
Domestic hardware companies in order to improve their strength and expand the international market more quickly will use various means to accelerate the integration with foreign enterprises to improve product quality and enhance competitiveness.