Electric tools free hands, home transformation "roll" new opportunities
Release time:
May 04,2023
In foreign countries, single-family houses and private courtyards have a high rate. During the epidemic, people spent more time at home, and renovating their homes and decorating their courtyards has gradually become a home pastime for many families. In addition, due to overseas inflation, high labor costs and other factors, people usually adhere to the principle of "do it yourself and try not to find workers" for home renovation and house repair, which has spawned a large number of DIY demand and led to the growth of related tool categories. In fact, the tool industry as a whole is characterized by stability, and the market has remained resilient even during the financial crisis. With the post-epidemic era, the telecommuting model is further integrated into people's lives, and people's pursuit of changes in the family environment and quality of life continues unabated. These signs show that DIY tool products still have a lot of room for growth.
In foreign countries, single-family houses and private courtyards have a high rate. During the epidemic, people spent more time at home, and renovating their homes and decorating their courtyards has gradually become a home pastime for many families. In addition, due to overseas inflation, high labor costs and other factors, people usually adhere to the principle of "do it yourself and try not to find workers" for home renovation and house repair, which has spawned a large number of DIY demand and led to the growth of related tool categories. In fact, the tool industry as a whole is characterized by stability, and the market has remained resilient even during the financial crisis. With the post-epidemic era, the telecommuting model is further integrated into people's lives, and people's pursuit of changes in the family environment and quality of life continues unabated. These signs show that DIY tool products still have a lot of room for growth.
Returning to the supply chain, the current power tool industry chain in China is perfect, and the industry has formed a variety of aggregation advantages in the upper, middle and lower reaches of the industry. According to the Electric Tools Branch of the Electrical Industry Association, more than 85% of the power tools used are produced in China, and China's exports of power tools account for about 40% of the world's total exports of power tools.
However, in recent years, the power tool industry is focusing on accelerating transformation and upgrading through strategies such as technological innovation, export-driven, scale development, and brand management. A number of large-scale and strong power tool enterprises have completed the transformation of their own brands. At the same time, we should change from fighting alone to developing in groups, and actively participate in the national "double cycle" strategy to speed up the pace of "going out.
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