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Hardware power tools industry development status, global market growth is slow

1. Hardware Power Tools Overview Power tools are mainly divided into metal cutting, grinding, assembly and railway power tools by use. Common power tools are electric drills, electric grinders, electric wrenches, electric screwdrivers, electric hammers, electric drills, concrete vibrators, electric planers, etc. Electric tools can be divided into professional grade, work grade and general grade according to the level, of which hardware electric tools are general grade. In the cost of hardware electric tools, structural parts account for 25.4 of the total cost of hardware electric tools, accounting for the highest proportion. The second is transmission parts, electric control, power supply, electric drive and working head, accounting for 15.8, 15.3, 12.9, 11.9 and 11.4 respectively. These components account for more than 10% of the total cost of hardware tools. The proportion of the cost of power tools. 2. hardware electric tools application field There are many downstream application industries in the hardware power tool market, with a stable and huge market, downstream applications include manufacturing and processing, assembly, construction, housing decoration, repair (automobiles, home appliances, etc.), home furnishings, etc. According to the data, the application proportion of global power tools in the construction industry is as high as 50%, of which commercial construction, industrial construction, decoration and engineering, residential construction and mechanical construction account for 15.9, 14%, 9%, 8.1 and 3% respectively. 3. hardware electric tools industry market size According to the data, the market size of the global hardware and electric tools industry is on the rise from 2016 to 2020. In 2016, the market size of the global hardware and electric tools industry is 31.4 billion US dollars, increasing to 32.6 billion US dollars by 2020, and only 1.2 billion US dollars from 2016 to 2020, with an average annual growth rate of 0.3 billion US dollars. The growth rate is relatively small, mainly due to the maturity of the hardware and electric tools industry market, mainly from developing countries such as Asia and Africa, but these developing countries. With the development of China's economy, the demand for hardware tools is also rising. According to the data, the market size of China's power tools in 2020 is about 80.9 billion yuan, and the compound growth rate from 2015 to 2020 is 6.9. It is expected that the growth rate of the industry will decline slightly in the next five years, but the total market volume will still maintain growth. The market size of electric tools can reach 93.7 billion yuan in 2025, and the compound growth rate from 2021 to 2025 will be about 3%. 4. hardware electric tools industry related enterprises Typical manufacturers in mainland China include Dongcheng Group, Baoshi Group, etc., but they are relatively low-profile in the world, mainly manufacturing low-end products, and their market share is much lower than overseas and Hong Kong manufacturers. The more well-known domestic power tool manufacturers include Suzhou Baoshi, Nanjing Quanfeng Group, etc.



Master the technology of Tengda hardware tools, bring a different experience

Torque wrench as an essential tool for precision assembly, in the industrial field, because of its simple operation, easy to use, used to deal with nuts and bolts, it has played a very important role in high-end precision, providing a strong guarantee for many processes. However, with the development of industrial technology, the types of torque wrenches are also developing accordingly. In order to better meet the needs of the industry, they are also gradually evolving to science and technology and high-end. The Tengda hardware tools to be introduced today are the industry leaders focusing on wrench manufacturing. The role of wrenches is not limited to household use, it accounts for an increasing proportion of industrial maintenance. Therefore, it is an imperative development trend to adapt to more process flows and new wrenches with advanced technology. The torque wrenches produced by Tengda Hardware Tools have entered the consumer's field of vision. Compared with other torque wrenches, its operation is simpler: the wrench is attached with a Nm value scale, which is convenient for users to correspond to screws of different specifications and is clear at a glance, and the wrench handle is also equipped with a locking ring, which can better help users to fix the scale and avoid possible deviations in heavy physical procedures; The whole is convenient and fast, and there is no need to purchase various types of wrenches. On the basis of cost saving, it gives users more freedom and can directly improve work efficiency, which is praised by consumers in many industrial fields. In terms of performance, in order to better meet the needs of users, Tengda hardware tools have added matching non-standard customization to the torque wrench to remove the interference that may be caused by too few supporting facilities. Such various designs are also for better cooperative work between wrenches and instruments. (Tengda Hardware Tools Torque Wrench Product Chart) In order to go further in quality, Tengda hardware tools torque wrenches are more focused on industrial grade. They use imported equipment for production to ensure the quality, so that the wrench has a longer life and is more durable. The technical personnel in charge of production said that for hardware tools, reasonable structure is also an important factor to extend the service life and ensure the effectiveness of the work. At this time, Tengda hardware tools are actively in line with international technology, and the quality of its new products has absorbed a large number of foreign technologies. The essence of the product has improved the quality of the product. In today's industrial field, the torque wrench of Tengda hardware tools has absorbed a large number of new technologies, and even scientific and technological controls such as numerical control robots have appeared in their products. It is they who have worked hard to study. In various mechanical assembly and maintenance operations, we can all see the traces of the torque wrench of Tengda hardware tools. As an enterprise, improving production efficiency and providing professional customers with high-end torque solutions can increase its own profits, increase market share, and make it in a favorable position in the market. Tengda hardware tools firmly grasp this opportunity to let it go further and further on the way forward.

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