China's hardware products industry has attracted much attention due to its diversity, economy and ease of operation. With the development of China's economy, the market size of China's hardware industry has been expanding, and the market structure has been gradually optimized.
According to the 2023-2029 China Sanitary Ware Hardware Industry Investment Strategy Analysis and Development Positioning Research Report released by Market Research Online, the total size of China's hardware industry in 2020 reached 2.2 trillion yuan, an increase of 11.05% year-on-year, compared with 2019. An annual increase of 1.15 percent. Among them, the scale of metal products reached 1.2 trillion yuan, a year-on-year increase of 12.14%, an increase of 2.14 percentage points from 2019, and the scale of plastic products reached 900 billion yuan, a year-on-year increase of 9.11%, an increase of 0.11 percentage points from 2019 .
The future development trend of China's hardware products industry is optimistic. With the development of China's economy, China's hardware industry will receive more policy support and investment, thereby promoting the development of the industry.
First of all, the technical level of China's hardware products industry will continue to improve to meet the ever-changing market and consumer needs, improve product quality and increase production efficiency. Secondly, with the continuous development of enterprises, China's hardware industry will have more resources and technologies to meet the needs of consumers and enhance the competitiveness of enterprises.