Analysis of the development status of China's furniture hardware industry

Furniture hardware refers to hardware components of hardware furniture or slide rails, hinges, sofa legs, lifters, backrests, springs, gun nails, foot codes, connections, activities, fastenings, pull baskets, decorations on furniture Metal parts with other functions, also known as furniture accessories. The following is an analysis of the development status of my country's furniture hardware industry.

After 10 years of high-speed growth, the problem of overcapacity in my country's furniture hardware industry has become increasingly prominent. Due to the slowdown of the entire market economy, the furniture hardware market has changed from a shortage of supply to an oversupply. In addition, due to the environmental impact of high energy consumption and high pollution, energy conservation and emission reduction has become a reality that enterprises must deal with, and this will inevitably lead to an increase in the threshold of the furniture hardware industry. According to industry insiders, to break through the bottleneck of industry development, it can only be achieved by improving product quality and the company's own technical strength.

In recent years, the furniture hardware industry has changed from the smooth sailing in the past, and gradually entered a bottleneck period of development, which is closely related to the rising raw material prices, logistics costs and labor costs. In fact, in recent years, due to the rapid development of production technology and high domestic labor costs, developed countries in Europe and the United States have transferred low-end products to China and other third world countries, and only produced some high value-added products themselves.

Looking at the domestic situation, the furniture and hardware industry in the eastern region is gradually shifting from south to north, and from east to west. For example, Sichuan Province in my country has become a major province of furniture hardware production in terms of product production scale and sales volume of enterprises, and the largest production base in the west has been formed in Sichuan. But looking at the overall situation, due to the slowdown of the entire market economy, the domestic market demand is not strong, and there are many domestic self-built markets with a wide range of distribution. At present, the furniture hardware market is in a situation of oversupply, and many furniture are unsalable.

According to industry insiders, if the furniture hardware industry wants to seek breakthrough development, it requires enterprises to adapt to the market situation and not only be satisfied with the mass production of furniture products, but should develop customized business according to the individual needs of consumers. Based on the foundation, we pay attention to the original design of products and create unique craftsmanship. Luo Baihui, secretary-general of the International Mold, Hardware and Plastic Industry Suppliers Association, also said that if China's furniture hardware market is to become bigger and stronger, transformation and upgrading are the key. In the past two years, customized furniture is on the rise, and personalization has become a development trend.

At present, energy conservation and environmental protection have become a must-do homework for many industries, and the state has also introduced corresponding policies one by one. For the home furnishing market, the environmental impact caused by high energy consumption and high pollution is becoming increasingly serious, and energy conservation and emission reduction have become an important means for enterprises and businesses to compete. And this trend will lead to an increase in the threshold of furniture hardware accessories.

It is understood that although China's hardware products have been developed for more than ten years, some enterprises have gradually formed serialization, standardization, and brand management. Compared with the slightly lower domestic quality production standards, not all hardware companies can quickly break through in the face of international standards. For example, wardrobe hardware accessories must produce wardrobe hardware that meets export specifications, and the pressure on production support has increased a lot.

The development of some domestic furniture and hardware production enterprises is under the extensive economic model, at the cost of wasting resources, energy, and environmental pollution. As the country vigorously promotes the implementation of energy-saving and emission-reduction policies, for production enterprises, it means the improvement of quality and the strengthening of technological innovation. For more industry information, please refer to the "Furniture Hardware Industry Market Competitiveness Survey and Investment Prospect Forecast Report".

In addition, with the improvement of consumers' living standards, the requirements for energy-saving and environment-friendly products are also increasing. As a necessity of life, furniture hardware accessories will inevitably be continuously improved and upgraded with changes in consumer demand and market environment. This will also be an important opportunity for the industry to reshuffle.