Analysis of the Development Prospect of China’s Hardware Industry in 2022

The hardware industry is an important part of China’s light industry, and its products are closely related to people’s lives. In recent years, the industry has developed rapidly, the scale of import and export trade has continued to expand, and its market position has been significantly improved. It not only meets the growing domestic and foreign market demand, but also plays a positive role in earning foreign exchange through exports, improving people’s living standards, improving the quality of life, absorbing labor employment, and accelerating industrialization and urbanization.

Development Status of Hardware Industry in 2022

The epidemic has caused European and American consumers to be concerned about personal hygiene, superimposed on the trend of home DIY renovation, making bathroom hardware one of the categories with a sharp increase in demand. Faucets, showers, bathroom hardware accessories and other indispensable products in the bathroom have a large number of procurement needs on the platform.

My country’s hardware products cover more than 10,000 varieties of mechanical hardware, decoration hardware, daily hardware, construction hardware, tool hardware, small household appliances, etc. It has initially formed power tools, stainless steel products, copper and aluminum processing, anti-theft doors, weighing instruments, scooters, etc. characteristic industry.

As the growth rate of the world economy increases significantly and the domestic economy continues to stabilize and improve, the traditional hardware product industry will usher in opportunities for change, and it is expected to achieve leapfrog progress in structural optimization, technological innovation, and quality improvement.

My country’s hardware industry has encountered many difficulties in the development process, such as single technology, low technical level, lack of advanced equipment, shortage of talents, etc., which restrict the development of the hardware industry. To this end, we can take measures to improve the technical level of enterprises, introduce advanced technology and equipment, and cultivate suitable talents to improve the development of China’s hardware products industry. In the future, the products of the hardware industry will become more and more diversified, the technical level of the industry will become higher and higher, the product quality will be steadily improved, and the competition and market will be further rationalized. Coupled with the further regulation of the industry by the state and the implementation of preferential policies in related industries, my country’s hardware industry will have a huge space for development.

With the development of society and economy, the cluster development of hardware products industry also has obvious characteristics under the new situation. The hardware industry needs to gradually establish its own independent technological innovation system. To develop new product projects, we must go beyond the stage of imitating foreign products. Only by independently developing new hardware products that are not available at home and abroad is the real product innovation, in orderto occupy the international market and strive to develop domestic and foreign markets for hardware products.

The Future Development Direction of the Hardware Industry in 2022

High-quality development is the general trend and direction of the development of the hardware industry for a long time in the future. The “14th Five-Year Development Guidance for the Hardware Industry” was officially released on March 3. It is pointed out that the current hardware product industry is in a critical period of growth momentum transformation, and the guiding ideology, principles and key tasks to follow for the industry’s “14th Five-Year Plan” industry development are clarified, and it is proposed that the industry’s total output value during the “14th Five-Year Plan” period will increase by an average of 5% per year. % or more, while further consolidating the status of the global hardware manufacturing factory, the development goal of improving the modern manufacturing system and striding forward to a strong hardware manufacturing country.

Today, the demand for hardware products in my country is 106.87 billion yuan, a year-on-year increase of 2.8%. Driven by the growth of downstream demand, the output of my country’s hardware products industry has continued to increase, and the scale of output value has also continued to expand. The output value of the hardware product industry is 163.62 billion yuan, a year-on-year increase of 0.5%. In recent years, the export of hardware products in my country has maintained a stable growth trend. my country has become one of the major exporters of hardware products in the world. It is expected that the annual export value will maintain a growth rate of 10-15% in the future. Driven by the long-term growth, the output of my country’s hardware products industry has continued to increase, and the scale of output value has also continued to expand. The output value of the hardware product industry is 163.62 billion yuan, a year-on-year increase of 0.5%. In recent years, the export of hardware products in my country has maintained a stable growth trend. my country has become one of the major exporters of hardware products in the world. It is expected that the annual export value will maintain a growth rate of 10-15% in the future.