Hardware tools refers to iron, steel, aluminum and other metals through forging,calendering, cutting and other physical processing, manufactured into a variety of metal devices. There are many kinds of hardware tools, according to the use of products to divide, can be divided into tool hardware, building hardware, daily hardware, lock abrasives, kitchen and bathroom hardware, home hardware and hardware parts and other categories.
Hand tools and power tools are the most important components of hardware tools. Hand tools, also known as hand tools, hand tools, refers to tools that use the hand to twist or apply force, mainly including the following categories of products: wrench, pliers, hammer, screwdriver (screwdriver), file, saw, scissors, etc. Power tool refers to the tool driven by. According to the power source, power tools can be divided into power tools, pneumatic tools, fuel tools, hydraulic tools and so on. Power tools are mainly divided into metal cutting, grinding, assembly and railway power tools according to their use. The common electric work has electric drill, electric grinder, electric wrench, electric screwdriver, electric hammer, electric drill, concrete vibrator, electric plane and so on. Hand tools and power tools are the most widely used, the largest value of the two hardware tools.
1, the emergence and adoption of advanced and intelligent technologies to drive market demandIncreasing emphasis on innovation and new product development by major power tools and OPE market players to increase differentiation and maintain competitive advantage is expected to drive further incremental growth of the industry in the future. Major market players have been introducing new products equipped with advanced technologies to meet the diverse needs and preferences of end users. In addition, iot, sensor or AI-enabled products are potential future growth areas due to their ability to enhance the user experience. This technological advancement has the potential to increase productivity and drive demand for power tools and outdoor power equipment in a variety of use scenarios.
2. The demand for professional power tools has increasedMarket demand for power tools and OPE products is also expected to increase due to infrastructure and commercial construction activities, growth in residential construction, and increased sales of new homes in the US market, while increasing demand for power tools from industrial projects contributes to market growth.
3, the demand for power tools in the Asia-Pacific region has significantly increasedGlobal hardware tool demand is mainly concentrated in North America, Europe and Asia Pacific. Among them, the demand in the Asia-Pacific region is mainly concentrated in China, Japan and other countries
Post time: Dec-29-2023