Unbalanced tool structure: The production tool and demand are not correct

China is a major producer and exporter of hardware tools. Among them, the vast majority of electric tools sold worldwide are produced and exported from China. I have become the world’s leading power tool supplier. Although China's hardware tools industry is relatively large, due to factors such as weak technological innovation, over-monotonous market structure, and weak brand influence, many hardware and tool manufacturers often lack core competitiveness and are difficult to become bigger and stronger.

China's current annual sales of tools are 14.5 billion yuan, of which the proportion of cemented carbide tools is less than 25%, which is not only far from the structure of international market tool products, but also can not meet the growing demand for carbide cutting tools in the domestic manufacturing industry.

At present, the imbalance of the tool structure is the production tool and the demand is not correct. For example, the user needs a large gap in the carbide tool, but the high-speed steel tool is over-manufactured; the high-efficiency cutting tools urgently needed in the modern manufacturing industry have large gaps, but the low-grade standard tools are over-produced.

In the domestic electric tool market, domestic sales of electric tools have accounted for 90% of total sales, while various imported brands only account for 10% of the market. In the foreign power tool market, the proportion of China's manufacturing continues to expand, and China has become a global power tool production base. The domestic electric tool market is even more critical to the quality and brand of electric tools. No matter whether it is a distributor of electric tools, it is still a direct user of Pan Bo, and they are very serious about the quality and brand of electric tools. Therefore, the inclination of the market for good quality, good brand electric tools has increased. This is an increase, indicating that the power tool market is maturing.