The future development of the cabinet hardware industry will develop towards six directions

Date:2023-01-04 18:35:01Click:

Domestic competition going international and international competition going domestic will be the unique feature of the progress of China's hardware industry in the coming years, and it will reveal six major development directions.

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Firstly, capital operations in the industry will become more active, and cooperation between companies will be strengthened. In the world competition environment, industrial capital is another topic of the industry's operation to achieve a competitive position and increase competitiveness. In terms of capital, the current main unique feature is the expansion of capital intensifying. From the perspective of competitive behavior, cooperation between companies for resource sharing is increasing.


Secondly, the polarization of companies will further intensify. The next few years will be a period of high-speed shock for the hardware industry. The direct consequence of this high-speed shock is the expansion of the polarization of the brand camp in the hardware cabinet industry so far. It is expected that there will not be so many hardware companies that can survive in the market in the future. But this high-speed shock in the hardware industry will bring great opportunities, and the ultimate result of the shock will make market operations more rational.


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Thirdly, China's position as the core of global hardware manufacturing will be further consolidated. With the acceleration of China's integration into the global economic environment and the rapid rise of its economic strength, China has become the most dynamic economic region in the world. China's economic equipment is relatively complete, the industry is relatively mature, and the cost of productivity is low, which has resulted in a comparative advantage for the core of global hardware production, and the outward development characteristics of the hardware manufacturing industry have become increasingly apparent.

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Fourthly, there will be profound changes in sales channels, and the competition between channels will become increasingly intense. Because of the oversupply of domestic hardware cabinet products and the increasing pressure on quality, sales channels have become one of the critical competitive factors, and all parties are competing for channels day by day. On the one hand, kitchen appliance manufacturers have strengthened their control over retail terminals, striving to reduce sales links, save sales expenses, and move sales channels towards specialization. On the other hand, the development of the sales industry has led to the rise in the status of large household appliance chain stores, which have experienced strengthening control over the industry and participated in and led price competition, which was previously dominated by manufacturers. Large retailers rely on their extensive market coverage, purchasing scale, and cost advantages to influence product pricing, payment methods, and profit margins, making it difficult for small and medium-sized retailers to survive.


Fifthly, the product structure will be optimized, and product upgrading will be accelerated. With the increase in people's living standards, consumers' demand for product quality and performance is higher. The optimization of product structure and the acceleration of product upgrading are the inevitable development trends of the industry. Meanwhile, personalized customization has become a new trend, which means that enterprises must provide more targeted and differentiated products and services to meet consumer needs.

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Sixthly, environmental protection and energy conservation will become a new driving force for industry development. With the increasing pressure on environmental protection and the development of new energy, the hardware industry needs to upgrade its production processes, products, and services to meet the requirements of environmental protection and energy conservation. In addition to meeting consumer needs, enterprises also need to bear social responsibility and strive to achieve sustainable development.