In terms of industry characteristics, there is no sunrise or sunset in the Hardware fitting industry. Whether it is internationally or domestically, it is an industry with obvious traditional characteristics. The hardware industry is a very micro-industry, which accounts for a small proportion of the national economy. The size of the enterprise is generally not large.
The hardware market is mainly distributed in Zhejiang, Jiangsu, Shanghai, Guangdong and Shandong, among which Zhejiang and Guangdong are the most prominent. Although the hardware industry produces small products with low unit value, it is widely used in the automotive industry, real estate, shipbuilding, engineering machinery, petrochemical and other industries, and the demand is showing a rapid growth trend.
Although the financial crisis has a great impact on my country’s hardware exports, the financial crisis is global. While the financial crisis has an impact on Chinese enterprises, it also deeply affects foreign counterparts. The impact on developed countries is even greater than that on my country. As an emerging economic power, my country has slowed economic growth due to the impact of the financial crisis. With the government’s strong investment in the domestic market, the hardware industry has a broad market and consumption potential in the country, and hardware companies with technological advantages can take advantage of the vast The domestic market survived this "cold winter." On the other hand, in the international hardware market, due to the impact of the financial crisis, hardware companies in developed countries in Europe and the United States have also closed down. Domestic hardware companies should make full use of this opportunity to increase their technical content, increase added value, change the growth mode, achieve industrial upgrading, and use my country's lower labor cost advantages to strive to expand exports and open up emerging markets.
The next few years will be a period of high-speed shocks in the hardware industry. The direct consequence of this high-speed shock is the expansion of the current polarization of hardware companies. It is expected that there will not be as many hardware companies that can really survive in the market in the next few years. But this kind of high-speed shock in the hardware industry will bring huge opportunities, and the result of the shock will make the market operation more rational.
In general, my country's hardware industry will continue the momentum of structural adjustment, but at the same time there will be some bright spots. The polarization of hardware companies will intensify. Some companies that do not adapt to market competition will withdraw from market competition through different channels. Other hardware companies such as Auto parts factory with strong vitality and technological advantages will gradually become stronger and bigger and eventually become industry giants.