In recent years, the development of domestic hardware tools has been relatively smooth, but from the overall form of the domestic hardware tool industry, most enterprises are still in the stage of producing low-end products and OEM, and the competitiveness of domestic hardware tool products in the world is still not apparent. In addition, the profit space of hardware tools is also being compressed by the impact of the raw material market. If hardware tool enterprises still rely solely on price competition, it will be difficult to improve their core competitiveness.

After more than 20 years of development, hardware tools have become one of the most profound industries. In recent years, the demand at home and abroad is relatively strong, and the industry has entered the golden sales period. Due to the high local labor costs, developed countries in Europe and the United States choose to transfer the production of low-end products to developing countries, and only produce products with high added value. China has a large market potential, mainly distributed in Zhejiang, Jiangsu, Shanghai, Guangdong and Shandong, among which Zhejiang and Guangdong are the most prominent.

Hardware tools belong to China's traditional industry, which also needs to be transformed. In the new era, we should seek new development. If we still operate according to the previous mode, we obviously cannot keep up with the trend of the times. As a hardware tool enterprise, we should constantly carry out product innovation, cultivate professional research and development teams, and realize the localization of high-end products as soon as possible. Develop industrial clusters, promote the continuous optimization and upgrading of industries, and make the competitive advantages of industrial groups clearer. While stabilizing the domestic market, hardware tool enterprises can develop products targeted to develop foreign markets.

Therefore, in order to meet the needs of domestic and foreign hardware tool markets, we must speed up the development of new products, improve product quality, increase varieties and increase output. It is understood that in recent years, the demand for hardware tools in the processing fields of machinery, gemstones, medical instruments, wood, glass fiber reinforced plastics, stone handicrafts, ceramics and composite non-metallic hard and brittle materials has increased year by year. At present, these products still rely on imports in China, so it is necessary to develop various series of high-quality hardware tools as soon as possible to replace imports.