Electric Tool Industry: Adjusting Industrial Structure and Innovating Development

With the further recovery of the domestic and foreign market economy, sales of electrical tools have been directly boosted.

More than half of the electric tools sold in the world are produced by China and have been used to express the power of our country's power tools and the strong export. However, Tianyou was unpredictable. In the case of rising raw materials a few years ago, a sudden financial crisis led to a sharp contraction in foreign orders for power tools. This electric tool industry with obvious external characteristics is undoubtedly a heavy blow, and many owners have Discontinued or diverted, the remaining companies are struggling to survive.

When the market environment changes, the original potential problems are exposed. It is undeniable that China's power tool companies have their own shortcomings: small-scale enterprises, backward technology, lack of brand power, low level of industrial integration, etc., resulting in low product performance and added value, and low export exchange rate.

Due to the relatively small scale of China's power tool companies, the industry's technology research and development and independent innovation capabilities are weak. Although some of the larger companies have relatively stable production and sales, the price advantage of electronic tools in the international market has gradually weakened. It is not easy for some companies to enter the international market.

It is reported that the export situation of electric tools is still severe, and the unfavorable factors that plague the industry’s foreign trade exports still exist, and the impact is even greater. Steel products include silicon steel sheets, copper enamelled wire and other copper products, aluminum alloys, magnesium alloys, engineering plastics, and other major raw materials for the production of power tools. The price has soared, making the production cost of power tools continue to rise, directly affecting the export efficiency of products. The impact of rising raw material prices, in addition to increasing the sales price of products, the company has no other solution, the original potential of saving potential has been excavated, and save that only cut corners.

Cutting corners and materials will inevitably affect the quality of products, and bear the risk of customer returns or claims. It does not work for all businesses. After all, honesty is an important principle for maintaining customers.

Therefore, companies should increase their investment in technology, enhance their independent innovation capabilities, and properly adjust their original industrial structure. Take independent intellectual property rights as its core competitiveness and gain a firm foothold in the fierce competition.