China's hardware tool industry has become the main force of the industry

With the continuous improvement of our country’s status in the world, more and more countries around the world are starting to use Chinese hardware products, which has stimulated the development of China’s hardware products to some extent. In recent years, with the acceleration of the global economic integration process, the Chinese hardware tool processing industry has gradually become the main force of the world's hardware and tool industry. The demand for hardware tools in some developed countries, especially in Africa, the Middle East and other developing countries, is increasing at a rate of more than 10% per year. 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.

However, since the beginning of the new century, with the accelerated pace of modernization of China's manufacturing industry, China's digital manufacturing technology has also achieved rapid development. The performance of some of these hardware products has reached or approached the international advanced level. This progress has effectively broken down the monopoly position of some imported hardware products in some fields and contributed to the standard competition in China's hardware market.