In a rapidly changing global economic landscape, the domestic housing market is experiencing significant shifts. With rising property prices and increased supply, small and medium-sized hardware companies are seeking new strategies to thrive in the local market. Meanwhile, foreign trade policies have become more restrictive, with the removal of export tax rebates, making it increasingly challenging for smaller firms to compete internationally. However, larger enterprises with strong R&D capabilities and brand recognition are finding opportunities to expand their presence abroad.
The Chinese hardware industry still faces challenges, particularly in terms of low independent innovation and weak brand positioning. Can the sector break free from traditional foreign development models and carve out its own path? This question is at the heart of current discussions within the industry.
Since China joined the WTO, the country has become a major hub for global manufacturing. The architectural decoration industry, closely tied to construction, is undergoing a major transformation. According to recent reports from the China International Building Decoration Exhibition, the sector is entering a period of consolidation and restructuring.
Despite the huge potential of the domestic market, the industry remains fragmented, with many small, scattered enterprises. Currently, there are no listed companies in the domestic hardware sector. Even in the lock industry, which has a market size of around 40 billion yuan, the low entry barriers have led to an oversaturated market with countless players.
Cao Hantian, Managing Director of Guangdong Hardware Co., Ltd., notes that many companies have already been shut down this year, signaling the start of a major industry shake-up. In the coming years, only those with strong R&D capabilities and established brands will be able to stand out and lead the market. This shift presents both challenges and opportunities as the industry moves toward greater professionalism and competitiveness.
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