China's hardware market in Zhejiang and Guangdong to the development of the more prominent. As the production technology development in Europe and America and other countries more quickly, labor costs high, so cutting tools common hardware products will be transferred to developing countries to produce. Developed countries focused on the production of high value-added products. So, what is the extent of Chinese market potential? China's hardware cutting tools now in various sectors has been widely used for many enterprises to provide a significant economic benefit. Compared with similar products produced in developed countries, our country has been developing hardware and tools, enterprises continue to develop new products and new technology, and strive to provide the economic benefits and the overall level of technology.
Reporters learned that China's hardware cutting tools industry leading enterprises did not play a strong lead more about industry overall competitive advantage is not obvious, technological innovation capability is weak. Therefore, metal cutting tools market structures also need to develop toward the direction of diversification, export dependence need to improve, companies still need to continue to enhance the visibility and core competitiveness.
In recent years, more and more enterprises to market demand should continue to accelerate the development of new products, and strive to improve product quality, increase metal cutting tool types. With the development of industrial machinery, medical equipment, ceramics and other processing areas, the demand for hardware and tools will continue to increase, I believe the potential for development will be better in the future.