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The demand for hardware tools in the domestic and foreign markets is increasing

After more than 20 years of development, hardware tools have become one of the most profound industries. In recent years, domestic and foreign demand has been relatively strong, and the hardware tool industry has entered a golden sales period. The developed countries in Europe and the United States have chosen to transfer the production of low- and medium-end products to developing countries due to the high local labor costs, and only produce high-value-added products themselves. my country's hardware tools market has great potential, mainly distributed in Zhejiang, Jiangsu, Shanghai, Guangdong and Shandong, among which Zhejiang and Guangdong are the most prominent.

Hardware tools need continuous innovation

Although various hardware tools produced in our country are widely used in various industries and have achieved significant economic benefits, there is a clear gap in comparison with foreign technology. As a domestic hardware enterprise, it is necessary to vigorously develop the hardware tool industry, pay close attention to the development of new products and new processes, accelerate the development of my country's hardware tool industry, and improve economic efficiency and overall technical level.

The leading role of the entire hardware tool industry is not obvious. The leading companies in the hardware tool industry have not obvious advantages in domestic and foreign market technology and overall industrial competitiveness. The technological innovation ability is weak and the structure is too single. The main business of hardware tools comes from foreign trade orders, and the export dependence is too high. Under the influence of the economic crisis triggered by the international financial crisis, the export market of these enterprises has shrunk sharply, seriously threatening the survival and development, and brand building is relatively lagging behind. Most hardware tool companies are OEM or OEM, and they do not have core competitiveness.

In order to meet the increasing demand, it is necessary to increase product innovation, continuously improve product quality, increase variety, and increase output. It is understood that in recent years, the demand for hardware tools in the processing fields of machinery, gems, medical equipment, wood, glass steel, stone crafts, ceramics and composite non-metallic hard and brittle materials has increased year by year. At present, these products still rely on imports in China. Therefore, various series of high-quality hardware tools must be developed as soon as possible to replace imports.

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Dongguan Fortuna was established in 2003. It has a factory area of 16,000 square meters and 260 employees. It is a production enterprise specializing in precision metal stamping parts, precision CNC processing, injection molding and product assembly.
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