DIY Hand Tools will be the Future Market Spotlight

DIY products will be the new spotlight in the hardware market.  As construction hardware in advanced nations (US and Europe) has turned its focus to easy assembly and maintenance in recent years, DIY products and tools gain popularity in the market.

Due to rapid development of production and technology as well as increasing labor cost, advanced nations are transferring the production of general products to developing nations. This is favorable to China in developing into a hardware processing and export giant, coupled with its considerable market potential.According to chief secretary of IMPSA ( International Mold & Plastic Hardware Industry Suppliers Association), China's construction hardware in the next 5 years will become more intelligent and user-friendly.

Zhejiang, Jiangsu, Shanghai, Guangdong, and Shandong are the main hand tool markets of China, among which Zhejiang and Guangdong demonstrates outstanding performance.  Yongkong City of Zhejiang is dubbed as the land of hand tools, and Guangdong will soon become the world center of hardware tools and molds. So far Shenzhen and the Pearl River Delta region has gathered over 6,000 mold companies and over 200 thousand  employees. South China Int'l Machinery & Mold Exhibition has been held several times in Shenzhen, and is the most professional and globalized mold exhibition in China.

Taiwan's hand tool industry is advantageous to a certain extent and mainly focuses on overseas sales. So far it has around 5,000 domestic manufacturers, mostly SMEs spreading across mid-Taiwan. Related investigation shows that in product category sockets are the most exported tools in China, followed by hand tools, gardening tools, wrenches, and pliers.