1. Status of the industry
1.1 Market scale growth
According to the “China Home Hardware Industry Market Research and Development Trend Forecast Report 2024-2030” released by Wisdom Research Zenith Industry Research Institute, the market size of China’s home hardware industry is 426.740 billion yuan in 2019, and grows to 619.479 billion yuan by 2023.This indicates that the home hardware industry maintains a stable growth trend in China.
1.2 Technology level upgrading
The production process in the appliance hardware industry involves multiple steps and batches in large quantities.The application of information technology is crucial for improving production efficiency, forming scale advantages and enhancing enterprise competitiveness.Enterprises are committed to building smarter and more efficient factories by introducing advanced automation equipment and intelligent control systems.
1.3 Product structure optimisation and upgrading
With the improvement of global consumers’ requirements on the quality of household hardware products, the industry is ushering in the deep optimisation and comprehensive upgrading of product structure.This is not only reflected in the improvement of product quality, but also includes the promotion of intelligent, personalised and customised product functions.
2. The Development Trend
2.1 Digital production innovation
Digital and intelligent is an important development direction of the appliance hardware industry.Enterprises are constantly upgrading the automation and digitalisation of the production process, in order to improve the operational efficiency of machinery and equipment, and build a perfect digital R&D, design and production system.
2.2 Intelligent product upgrading
Intelligent drive hardware product upgrading, appliance hardware manufacturing technology will build a perfect digital R & D, design and production system to meet the growing market demand.
2.3 Environmental protection and sustainability
Environmental protection and health have become the focus of consumer attention.The appliance hardware industry follows this trend and actively develops in the direction of environmental protection and sustainability, adopts environmentally friendly materials in the production process, reduces the generation of waste and promotes the implementation of circular economy.
3. Prospect Analysis
3.1 Market Scale Forecast
It is predicted that the market scale of China’s household hardware industry will rise steadily from 2024 to 2030, and the market scale of China’s household hardware industry will reach 900.39 billion yuan in 2030.
3.2 Investment Environment and Market Opportunities
The future development prospect of China’s household hardware industry is promising, and the analysis of the domestic investment environment and market opportunities shows that the industry’s investment growth rate is expected to maintain a steady growth.
3.3 Industry entry barriers and investment risks
Barriers to entry in the household appliance hardware industry include capital, technology, talent and brand.At the same time, the industry risk analysis points out that macro-environmental risk, technological risk, competitive risk and so on are the main risks that enterprises need to pay attention to.
To sum up, the appliance hardware manufacturing industry has shown steady growth in China, and with technological innovation and changes in market demand, the industry is developing in the direction of digitalisation, intelligence, environmental protection and sustainability.In the future, the market scale is expected to continue to expand, providing enterprises with broad development prospects and investment opportunities.
