The hardware processing industry will also showcase the development characteristics of hardware processing. With the continuous intensification of competition in the hardware processing industry, the previous international competition has shifted to domestic competition. In the coming years, the development of China's hardware processing industry will face new trends, mainly including the following five points:

The integration of domestic and foreign hardware enterprises has further accelerated

In order to enhance their own strength and expand the international market more quickly, domestic hardware processing enterprises will accelerate the integration with foreign hardware processing enterprises through various means to improve product quality and competitiveness. Luo Baihui, the head of the International Die & Mould Industry Suppliers Association, said that China's hardware processing industry will continue the momentum of structural adjustment, with some highlights constantly emerging. While continuing to expand the markets of traditional countries such as the United States and Japan, it will also blossom comprehensively in Southeast Asia, the Middle East, Russia, Europe, Africa and other regions. In the future, the polarization situation among hardware processing enterprises will become increasingly severe. Some enterprises that are not adapted to market competition will exit the market competition through various channels, while the giants in the hardware processing industry will gradually emerge.

2. The polarization among enterprises has further intensified

The next few years will be a period of high-speed turbulence for the hardware processing industry. The direct consequence of this high-speed turbulence is the expansion of the trend of polarization among the current hardware kitchen and bathroom brand camps. It is expected that in the coming years, the number of hardware enterprises that can truly survive in the market will definitely not be as many as it is now. However, this high-speed fluctuation in the hardware industry will bring huge opportunities, and the result of the fluctuation will make the market operation more rational.

3. Capital operations within the industry are active, and cooperation among enterprises has significantly strengthened

In the context of global competition, industrial capital is another theme in the operation of industries in order to gain a favorable competitive position and enhance competitiveness. In 2004, Supor and Vatti went public one after another. Hongbao is also making active efforts for its listing. The capital market operation of Wanhe will not stop due to the failure of its reorganization with Yuemeiya. From the perspective of capital, the current main feature is that the expansion of capital is intensifying. From the perspective of competitive behavior, the cooperation among enterprises for resource sharing is on the rise.

4. China's position as the global center for hardware manufacturing has been further consolidated

With the acceleration of China's integration into the global economic environment and the rapid rise of its economic strength, China has become the most dynamic economic region in the world. Luo Baihui believes that China's economic facilities are relatively complete, its industrial development is relatively mature, and its labor costs are relatively low. It has a comparative advantage to become a global center for hardware manufacturing, and the hardware manufacturing industry has a distinct feature of outward-oriented development.

5. Market competition will shift from being price-driven to focusing on high-quality and high-tech products

As competition deepens, the profit margins at all stages of the hardware processing industry chain are being compressed, and the space for price reduction is decreasing day by day. More and more enterprises have come to realize that relying solely on price competition cannot build core competitiveness and is not a long-term development direction. Therefore, they are striving to explore new development paths.

In order to gain an advantageous position in the competition, many hardware processing enterprises and some small hardware stamping parts factories have increased their technological investment. In pursuit of new market demands, they are constantly developing new products with high technological content, taking product differentiation as a long-term strategy for enterprise development. Establish new economic growth points (entering industries such as small household appliances and other similar sectors) to achieve sustainable development of the enterprise.