(1) Innovative Technology is Vital to Precision Components Industry
After 30 years efforts, China’s mould industry has become a veritable power for hardware. However, the current of the mould business in China is still facing the change from “hardware big country” to “hardware power”, and we need to expand the brand and industry regionalization wings. Due to the impact of the rapid development of the hardware accessories production technology and expensive labor, the developed countries have low-end products to accelerate transfer to the Third World, and they only produce high value-added products. DIY components become the new darling of the hardware market. In recent years, architectural hardware products design of the developed countries in Europe and the United States with an easy installation and maintenance of the main self-assembly (do it yourself) products and tools are received by the market.
(2) Brand is the Only Way for the Mould Components Industry Development
China’s exports of metal products to earn only 3% of the total exports, making components is not just the scientific and technological content, the more important is branding issue. Brands include service and reputation. Reputation is gold, and business integrity is the fundamental way. If our production hardware products not paste other countries’ brands, but to sell their own brands, and OEM sales price is the same, then our GDP will soon improved greatly. At the same time, China’s hardware industry if want to develop to be bigger and stronger, the large consortia intervention is a key factor.
(3) Future of Hardware Accessories Industry
How to create China’s own proportionate brand mould components market is a problem we need to solve. With WTO accession, a large number of well-known international brands enter China, and this is we often say the “wolf” comes. The development of China’s hardware industry, production, and marketing must conform to the domestic and international trends toward internationalization, stimulating enterprise development and marketing, to create an international concept.
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