In recent years, China’s hardware tools industry has continuously improved its position in the world, gradually becoming a major metal processing country and exporting country in the world. The hardware industry is currently presenting new development trends, mainly reflected in the following major aspects.

The investment in technology will improve quality, and the market competition will shift from price-based to high-quality, high-tech products. With the deepening of competition, the profit space in all stages of the hardware industry chain is being compressed, and the space for price reduction is decreasing. More and more companies are realizing that it is impossible to establish core competitiveness based on price competition alone, and not the direction of long-term development, in an effort to explore new development paths. The integration with foreign companies will continue to enhance the quality and competitiveness of Chinese hardware products.

At the same time, the requirements of the international market for China's hardware products will gradually evolve and change. There will be higher requirements for the quality, packaging, and delivery deadlines of Chinese products, and even gradually extend to the production process and product development, and the products and the environment , energy resources, and humanities combined. Many hardware companies have increased their investment in technology, developed new products with high-tech content, used product differentiation as a long-term plan for business development, sought new market demand, and established new economic growth points to realize the Continuous development.

The capital industry in the hardware industry operates actively. In the global competitive environment, in order to obtain a favorable competitive position and improve competitiveness, industrial capital has become an important theme of the industry's operation. In 2004, Supor and Vantage went on the market successively, and Hongbao was also actively making efforts for the listing. Wanhe's capital market operation did not stop due to the failure to restructure with Yuemei. From a capital perspective, the current major feature is the expansion of capital. From the point of view of competitive behavior, cooperation in resource sharing among enterprises is increasing.

In recent years, with the continuous development of the economy, China's hardware tool processing industry has gradually become the main force of the world's hardware and tools industry. Hardware tools are labor-intensive industries. As a hometown of hardware, Yongkang has become a gathering place for hardware tools with low-cost traditional competitive advantages. With the continuous improvement of our country’s status in the world, more and more countries in the world are using Chinese hardware products. In some developed countries, especially in Africa, the Middle East and other developing countries, the demand for hardware tools is increasing at a rate of more than 10% per year. To a certain extent, it stimulated the development of China's hardware products.

In view of the above, the trend of increasing demand for hardware and tools, increasing the quality of hardware products, intensifying capital expansion, and increasing cooperation among enterprises are good things for powerful hardware companies. When such large companies comply, This trend will only grow stronger and bigger. For small and medium-sized hardware companies, there may be gaps in product quality, and there are relatively few opportunities for cooperation, let alone capital operations. Therefore, in the hardware industry continues to develop and progress, the survival environment of small businesses will become increasingly difficult. The Matthew effect refers to the stronger and weaker weakers. For the hardware industry, powerful companies use hardware trends to analyze better development companies, while for SMEs, only a tenacious transformation and upgrading can spell a world in the hardware industry.