Decorative hardware industry lack of independent innovation

In the turbulent international economic environment, how can small and medium-sized hardware companies grasp the domestic market, capitalist protection policies, cancellation of export tax rebates, and whether large-scale enterprises can enter foreign markets?

The ability of independent innovation is low and the brand is weak. Whether the Chinese hardware industry can break through the limitations of foreign development models and find a way out for themselves.

Since China entered the WTO, the wave of integration with the economy, the global manufacturing industry has accelerated the transfer to mainland China, and China will gradually develop into a world-class manufacturing base.

Recently learned from the China International Building Decoration International Exposition that the architectural decoration industry, which is closely related to the construction industry, is ushering in a major reshuffle.

The domestic building decoration industry has a huge market, but the enterprises are in a small and scattered state. At present, there is no listed company in the domestic hardware industry.

“Only the domestic market has a market scale of 40 billion yuan, but because the threshold was too low, there are countless companies engaged in this industry in the country,” said Cao Hantian, a managing director of Guangdong Hardware Co., Ltd., who believes that companies have been closed down in the first half of the year. The domestic hardware industry has officially entered the reshuffle period, and large companies with independent research and development capabilities and brand advantages will come to the fore.