Severe polarization in the hardware market

Jun 27, 2018

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After years of development, the hardware industry has now entered a period of “polarization,” and the “two-eighth law” has also become inevitable. Hardware companies only have their own characteristics, accurate positioning of consumer groups in order to occupy a dominant position in the market.

Hardware market is polarized

With the ever-increasing competition in the hardware industry, there are endless new changes in the hardware market. The products of well-known brands have brand advantages, which are of high superiority in terms of quality, style, and after-sales service, while “cheap goods” are adapted to the needs of low-cost decoration of ordinary consumers who have some temporary decoration or ordinary income. Therefore, the hardware consumer market continues to expand.

An industry analyst pointed out that: In the hardware industry, mainstream brands with higher brand awareness and low-priced products are increasingly highlighted by consumers, gradually occupying about 80% of the consumer market, and the middle layer between the two. Consumer space is getting smaller and smaller.

Severe polarization in the hardware market

Severe polarization in the hardware market

"Private Customization" has been buoyed to become a mainstream consumer after 80

In recent years, the competition in the hardware industry has become increasingly fierce, and the “price war”, “gold 9 silver and silver 10”, and various large-scale holiday promotions have become commonplace among consumers. Now, another wave of “private custom” is slowly spreading. It is particularly important for hardware companies to follow this trend and create products that meet the psychological needs of consumers.

With the growth of the new generation of consumer groups in the post-1980s, ordering has met with rapid growth, especially advanced ordering, as it meets the requirements of modern young people for advocating individuality and displaying self-charism. Customized hardware not only enhances the sense of participation of consumers, but also strengthens consumers’ trust in brands and brings consumers different experiences and experiences.

Enterprises need to set aside fog to break through

The two-level division of the hardware market is becoming increasingly serious. In addition to the continuous improvement and improvement of the quality of its own products, hardware companies should focus on services, be able to innovate in service or be effective in competitors and various service items. Extend and integrate into a complete service system. Enterprises must also pay attention to product design, construction, and improvement in support. Only full-scale breakthroughs and progress are the most effective ways to be invincible.