The reshuffle of the power tool industry will further accelerate in the future
Release time:
2022-08-03
In recent years. Many small businesses went bankrupt one after another, especially in Jiangsu and Zhejiang. Some small enterprises with no competitive advantage can't bear the increase of product labor cost and are going to perish one after another. At present, the competition in the domestic power tool industry has reached a white-hot stage. In the near future, the industry reshuffle will be further accelerated.
In recent years. Many small businesses went bankrupt one after another, especially in Jiangsu and Zhejiang. Some small enterprises with no competitive advantage can't bear the increase of product labor cost and are going to perish one after another. At present, the competition in the domestic power tool industry has reached a white-hot stage. In the near future, the industry reshuffle will be further accelerated.
The annual Canton Fair attracts many foreign customers and is a fast way for Chinese companies to enter foreign markets. In addition to facilitating transactions, the Canton Fair serves as a "barometer" and a "wind vane" for China's foreign trade. At this year's Canton Fair, the foreign trade situation was not optimistic, and foreign trade companies complained that the pressure was "mountain big". Rising labor costs, serious product homogeneity, chaotic market prices, unstable international situation, etc... More and more companies realize that after saying goodbye to the rapid growth of China's industrial technology in the past, my country's growth rate has slowed down , and this situation will become the "new normal"
The rising cost of work has caused many manufacturers to complain, and the products have no competitive advantages and no innovative products, which further weakens the competitiveness of Chinese products. According to my country's power tool production data, my country's current output of power tools is one-third of the national output of power tools, and it is increasing year by year, and product quality is constantly improving, but China's labor costs are rising slightly, and product quality is There are improvements, but the products are not innovative and have no obvious advantages. Coupled with the confusion of market prices, end users' preference for domestic products has always been "inferior" and "copycat" domestic products. The low price stage has made it difficult to accept the price of some domestic power tool products with independent research and development, design and production capabilities, even if these products are lightweight, efficient, safe and durable.
However, as the products have no competitive advantage, only price wars and rising labor costs, these uncompetitive manufacturers will face the reshuffle of the industry. Especially for foreign markets, if you want to go to foreign markets, you must improve the innovation ability of enterprises and improve product quality, so that enterprises can go further and further!
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