Foreign investment into the hardware tool market

"In the future, we will continue to increase our investment in the Chinese market and continue to do a good job in localization to develop more products suitable for the Chinese market." Yesterday at the Stanley (Professional, Information) 100 professional power tools listed on the conference, Chen Hongze, the company’s global vice president, announced that it will introduce professional power tools to the Chinese market. Previously, the company's factory in Suzhou reached an annual output value of 1 billion US dollars, but these Chinese-made hardware tools are all sold to Europe and the United States. Nowadays, the company began to pay attention to the Chinese market. However, in China, their competitors are also very strong. In addition to world hardware giants such as Bosch and Shida, there are local companies such as Jiangsu Hongbao and Juxing.

According to Chen Hongze, at present, more than 90% of the production capacity of the hardware tools market is for export. Due to the poor international economic environment, many export companies have begun to seek change, some have developed new businesses, and others have begun to switch to domestic sales. In the future, the hardware tool market may enter. At a stage of full competition, industry consolidation and survival of the fittest are inevitable. At present, A-share market Jiangsu Hongbao and Superstar Technology are leading players in the industry.