Hardware prospect of the power tool industry

Source: JINHUA MAX-POWER TOOLS CO., LTD.Release time: 2014-12-23

At present,most of China's power tools manufacturer in the production of both consumer-grade power tools,DIY products,product sales mainly price competition means a whole presenting a low-end,disorderly competition.The professional-grade power tools in terms of technical content,the range of applications,value-added products or in the product gross margin,are far more than DIY-class products.Professional-grade power tools in itself power,high speed,long motor life,can be sustained for a long time to repeat the job,with high-tech,high profit margins,a wide range of markets,high barriers to entry,and high brand value.

Looking at the industry environment,China is in full swing industrial upgrade,to develop advanced manufacturing,and the ensuing high-speed rail,marine and other infrastructure,continue to invest in advanced equipment manufacturing,development and upgrading,gave the power tool industry created an unprecedented market and development opportunities.According to statistics,China's power tools market capacity is growing rapidly with an annual growth rate of more than 25%,to 2012,the market capacity will reach 20.5 billion yuan.

Looking at the current situation of the power tool industry,the production of electric tools products business accounted for the vast majority,can form a portfolio of professional-grade products factory is extremely rare,industry concentration is low,the lack of a leader.From the development trend,will experience domestic brands among the industry reshuffle,eventually forming the minority leader to guide and regulate the orderly situation;between domestic and foreign brands,will also be re-allocated market share of domestic brands continue to replace foreign brand.Internal industry consolidation needs,bound by an industry leader to perform engine.

Hardware tools,the power tools industry is advanced equipment manufacturing,and improve service in advanced manufacturing.Power tools are widely used in aerospace,high-speed railway construction,shipbuilding,automotive and other advanced equipment manufacturing industry as well as road construction,decoration,wood processing,metal processing and other production areas.

Global power tool industry,in accordance with the technical requirements for products,applications,etc.,can be divided into industrial,professional level.