China's hardware market is mainly distributed in Shanghai, Guangdong and Shandong, where Zhejiang and Guangdong are the most prominent. At present, more than 6,000 mold companies have gathered in the surrounding areas of Shenzhen and the Pearl River Delta, and employ more than 100,000 people.
Developed Countries Transfer Middle-to-Low-End Products to the Third World Because of the rapid development of production technology and the high price of labor, developed countries have accelerated the transfer of middle- and low-end products to the Third World, and they have only produced some high-value-added products. DIY products into the hardware market, the new darling In recent years, in Europe and the United States with the developed countries, the construction of hardware products designed to facilitate the installation and maintenance-based, self-assembly products and tools greatly welcomed by the market.
The export of China's hardware industry is currently growing at an annual rate of more than 10%. Last year, foreign exchange exports exceeded 5 billion U.S. dollars, ranking third in exports of light industry in China. It is understood that at least 70% of the Chinese hardware industry is now privately run. Enterprises, the main force for the development of China's hardware industry.
On the other hand, in the international hardware market, developed countries in Europe and the United States have shifted their universal products to developing countries due to the rapid development of production technology and rising labor costs. They only produce high value-added products, and China has a strong market potential. Therefore, it is more advantageous to develop a large exporter of metal processing. Although the financial crisis in previous years has had a slight impact on China’s hardware exports, it has improved since 1999. Foreign exchange earned through exports rose from US$2.76 billion in 1995 to US$3.847 billion in 1999, an increase of 71.74%, with an average annual increase of 11.4. %, has been steadily growing since then.
After China's accession to the WTO, along with the wave of integration of the world economy, the rapid shift of global manufacturing to the Chinese mainland has become a general trend, and China will gradually develop into a world-class manufacturing base. Experts predict that Guangdong, especially in the Pearl River Delta region, will become a world mold manufacturing center within 10 years.