Hardware industry has entered the stage of change

With the change of people's lifestyle, hardware is becoming more and more humanized and intelligent. In recent years, China's hardware industry has grown steadily due to three factors.

The quality of practitioners has generally improved. According to industry insiders, the quality of practitioners in the hardware industry has generally improved over the years. For example, the head of China National Hardware City, the nation’s largest hardware market to be built in Beijing, has many doctoral and postdoctoral people.

The general improvement of the process and management level is related to the level of technology and management of hardware companies, and it has been greatly improved. Some domestic enterprises began to introduce foreign advanced technology and management experience in the early years. Many companies already have a fairly high level of technology and management.

The development of the industry has entered the stage of change. It is now the stage for the upgrading of China's hardware products, from the mid-to-low end to the over-production of high-end products. This is very beneficial to the development of the Chinese hardware industry. In the process of shifting the production of foreign products to the domestic market, it will inevitably bring along some advanced foreign production processes and management models including raw materials.

In addition, there is a great demand for hardware parts and components. Hebei Handan, a small processing plant, is lagging behind in production, and its sales force across the country has reached more than 100,000.

After more than ten years of accumulation and steadily increasing, China's hardware industry is now the world's largest producer, and its exports have steadily increased each year.

The annual export of China's hardware industry is growing at a rate of around 8%. Last year, the export volume of hardware products exceeded US$5 billion, ranking third in the export ranking of light industry.

Due to the increase in the level of Chinese hardware manufacturing and the expansion of production capacity, it is expected that China's hardware products will maintain a steady growth of more than 10% per year within the next five years. In the first 10 months, the import and export volume of hardware and electromechanical products in China exceeded 500 billion U.S. dollars. The surplus further expanded, totaling 7.06 billion U.S. dollars, accounting for 64% of the national trade surplus in the same period.