Analysis on the development trend of China's power tool industry in 2019

More than 85% of the power tools used in the world are produced in China. Many of the power tools produced abroad are also processed in China. The export value of power tools in China accounts for about 40% of the total export value of electric tools in the world.

For many years, China's power tools are mainly exported, with exports accounting for 85% to 90% of total production, and domestic market sales accounting for 10% to 15%. Despite the large number of domestically produced power tools, in the domestic market, the market share of domestic power tools still exceeds 90%.

It is understood that China is a major producer and exporter of hardware tools. Among them, most of the power tools sold worldwide are produced and exported from China. China has become the world's leading supplier of power tools. Although China's hardware tools industry is large in scale, due to weak technological innovation capabilities, too simple market structure, and weak brand influence, many hardware tool manufacturers often lack core competitiveness and are difficult to become bigger and stronger.

The power tool is used in the same way as a pneumatic tool. It is even more convenient to use than a pneumatic tool. It has a compact body, long life, high safety, and energy saving. As far as the current situation is concerned, its variety specifications are also relatively complete, such as wind chisel, gun drill, polishing machine, impact wrench and so on.

Although China's power tool industry has achieved rapid development in recent years, there is still a certain gap compared with foreign products. To promote the further development of the power tool industry, technology is very important. The power tool industry is a high-tech industry. Enterprises must actively introduce relevant technologies and enhance their technological strength.

The power tool industry belongs to the advanced equipment manufacturing industry and enhances advanced manufacturing in services. Power tools are widely used in aerospace, high-speed rail construction, shipbuilding, automotive, and other advanced equipment manufacturing and construction roads, decoration, wood processing, metal processing and other production areas.

From the China power tool industry market supply and demand forecast and development prospects report to understand the general situation of the domestic power tool industry, the production of do-it-yourself home-level power tools products accounted for the majority, the formation of product line of professional-grade products factory is extremely rare The industry has low concentration and lacks leading enterprises. From the perspective of development trends, the industry reshuffle of domestic brand experience has finally formed some leading enterprises and standardized and orderly situations; domestic and foreign brands will also redistribute market share, and domestic brands continue to replace foreign brands. The needs of the internal integration industry will be celebrated for business leaders.

Improving the product structure, comprehensive service capabilities, power tools market situation is very good, but the problem is that domestic power tools are not well-structured domestic sales market, power tools, the most traditional high-speed power tools and general level of carbide tools standards.

The power tool industry actively introduces technology to promote its own strength. China's rapid development and integration of foreign exchanges in the power tool industry have developed rapidly in recent years, but in comparison with foreign related companies or at a backward level. Professionals believe that this technology is very important for the rapid development of the power tool industry. The particularity of the power tool industry is a high-tech industry. Enterprises must actively introduce relevant technologies and enhance their own strength.

Improve product quality and accelerate the development of new products. Special emphasis is placed on accelerating the development of battery power tools and electronically controlled power tools, and constantly improving the quality of power tools and products.