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2023 Hardware manufacturing industry development

A general situation of Hardware manufacturing: Hardware is an important metal device used in daily life and industrial production. Hardware manufacturing is one of the most important parts of the light industry in our country. According to the use of the product classification, hardware products can be divided into tool hardware, building hardware, home hardware, etc., is the deep combination of traditional manufacturing and modern technology products.


With the development of the hardware manufacturing industry, the hardware industry has become increasingly mature and the division of labor has been refined, forming a number of hardware characteristic industrial regions, which are mainly distributed in the Pearl River Delta and Yangtze River Delta and other economically developed regions. Through the close organization and cooperation of local governments, industry organizations and upstream and downstream enterprises of hardware products, the domestic hardware manufacturing industry has developed steadily. The development mode has gradually changed from the pursuit of speed and quantity to quality, efficiency and design.


Hardware products are widely used in metal products and have a large market scale. The prosperous development of hardware products industry in our country has an active role in promoting the development of the entire metal products industry, especially the standardization of hardware products industry, which has made some enterprises with a strong overall strength become bigger and stronger. Led the metal products industry in the size of enterprises above the profitability of the promotion. According to the data of the National Bureau of Statistics, from 2010 to 2020, the compound growth rate of annual operating revenue of domestic metal products enterprises above designated size was 7.11%. From 2017 to 2018, due to the adjustment of industrial structure and the decline of product prices, the revenue scale declined. After 2018, The operating income of medium and large metal products enterprises began to rise continuously.


The steady development of domestic hardware manufacturing industry has had a positive impact on improving residents' quality of life, absorbing labor force and employment, increasing foreign exchange reserves, accelerating industrialization and urbanization construction, etc. The people's ever-growing material and cultural life needs and continuously expanding domestic and foreign market demands have been fully satisfied. Data from the General Administration of Customs of China show that the total import and export volume of metal products in China increased from 629.114 billion yuan in 2014 to 1037.362 billion yuan in 2021, with an average annual compound growth rate of 7.41%. Hardware products are one of the important product categories of metal products. With the acceleration of the urbanization process, the improvement of residents' living standards and the continuous increase of foreign hardware products market demand, the import and export scale of Chinese hardware products shows a trend of continuous expansion.