Electric tools are high-tech industries

Whether in the global hardware tool market or the hardware tool market in China, the wide application of manual tools and the large demand for it are beyond imagination. Hand tools for hardware tools are also widely used in the maintenance of various industries. For example, the rapid increase in car ownership in the past two years has led to a gradual increase in the automotive aftermarket, especially in the automotive maintenance market. According to the data, in terms of China’s vehicle ownership, it has exceeded 35 million vehicles, of which private cars have exceeded 18 million, and new cars in the last 4 years accounted for 60% of them.

The power tool industry belongs to the equipment manufacturing industry. Electric tools are widely used in aerospace, high-speed rail construction, shipbuilding, automotive, mold manufacturing and other equipment manufacturing industries as well as construction roads, decoration, wood processing, metal processing and other fields. Therefore, in the industry, the power tool industry is a high-tech industry.

Electric tools are the most widely used hardware tools in the society. Because of their light weight, portable use, high production efficiency, and low energy consumption, power tools have become an indispensable tool in the family life. With the globalization of the economy, the power tool market has been developing rapidly. In recent years, the power tool industry has experienced rapid development. In the domestic power tool market, domestic sales of power tools have accounted for 90% of total sales, while various imported brand products only account for 10% of the market. In the foreign power tool market, the proportion of manufacturing in China continues to expand, and China has become the world's leading exporter of power tools and global power tool production bases. The industry has great potential for development.

China's high-tech, functional and demanding industrial power tools still have a large potential market in Europe and the United States. Currently, industrial countries in economically developed regions, such as Germany, the United Kingdom, the Netherlands, and France in the European region, the United States and Canada in the North American region, and Japan and other countries in the Asian region, use electric tools in homework and are common, accounting for the total output. About 50% to 70% of China's electric power tool products have a large share in the domestic electric tool product market in the above-mentioned countries and regions, but the industrial electric power tools produced in China do not export a large amount to these regions. Professional power tools for industrial use have high technical content, strict safety and electromagnetic compatibility requirements, and have delineation of function, work efficiency, reliability, and durability. The price is several times that of similar DIY tools, and even 10 times or more. Professional power tools have internationally known brands such as hammers from Helde, Bosch, and Mai Taibao, drills from Black & Decker, electric tools from Makita and other woodworking tools, and circular saws from the Century.

Looking at the industry environment, China is advancing with industrial advancement in full swing, making great efforts to improve the manufacturing industry of its predecessors, and the consequent infrastructure measures such as high-speed railways and ships, and improving the continuous investment, development, and promotion of senior equipment manufacturing industries. Bringing an unprecedented market and development opportunities to the power tool industry. According to statistics, China's power tool market capacity is growing rapidly at a rate of over 25% per year. By 2012, the market capacity will reach 20.5 billion yuan. On the other hand, after the financial crisis, the international industrial format is undergoing strategic adjustment. China's industrial undertaking and transformation have also given home-made hardware an opportunity to make a difference in the international market.

Under normal circumstances, the automobile after-sales service is the largest in the market between 4 and 9 years of vehicle use. According to the prevailing view in the world, the profit generated by the automobile aftermarket is about 7:3 compared with the relative pre-market. In the entire automotive industry chain, the profits generated by the post-market are at least more than double that of the previous market.