Lack of core competitiveness of domestic power tools

China is a major producer of power tools. Domestic sales of electric tools are domestically made at 90%. Regardless of whether it is production or sales, China can be regarded as the distributing center and supplier of electric tools in the world. However, in fact, due to factors such as weak technological innovation capability, over-monotonous market structure, and weak brand influence, many hardware and tool manufacturers are often lacking in core competitiveness and are difficult to become bigger and stronger.

In the domestic electric tool market, domestic sales of electric tools have accounted for 90% of total sales, while various imported brands only account for 10% of the market. In the foreign power tool market, the proportion of China's manufacturing continues to expand, and China has become a global power tool production base. The domestic electric tool market is even more critical to the quality and brand of electric tools. No matter whether it is a distributor of electric tools, it is still a direct user of Pan Bo, and they are very serious about the quality and brand of electric tools. Therefore, the inclination of the market for good quality, good brand electric tools has increased. This is an increase, indicating that the power tool market is maturing.