After 10 years of rapid growth, the problem of overcapacity in China's furniture hardware industry has become increasingly prominent. Due to the overall economic slowdown in the market, the furniture hardware market has become a supply exceeding demand in short supply. In addition, due to the environmental impact of high energy consumption and high pollution, energy conservation and emission reduction have become a reality that companies must deal with, and this will inevitably lead to an increase in the threshold of the furniture hardware industry. According to industry sources, breakthroughs in the development bottleneck of the industry can only be achieved by improving product quality and the company’s own technological capabilities.
Oversupply
In recent years, the furniture hardware industry has changed its past and has gradually entered the bottleneck of development. This is closely related to rising raw material prices, logistics costs and manpower costs. In fact, in recent years, developed countries in Europe and the United States have shifted their low-end products to third-world countries such as China because of the rapid development of production technology and the high cost of labor in the country. They only produce high value-added products. Judging from the domestic situation, the furniture hardware industry in the eastern region gradually shifts from south to north and shifts from east to west. Such as China's Sichuan Province, the current production scale from the product and the company's sales point of view, has become a major province of furniture hardware production, the western production base has been formed in Sichuan. However, in view of the overall situation, due to the overall market economy slowing, the domestic market demand is not buoyant, and there are many domestic self-built markets, and the distribution range is also very wide. At present, the furniture hardware market is in a situation of oversupply, and many furniture is unmarketable.
According to industry sources, the furniture hardware industry wants to seek breakthrough development, requires companies to adapt to market conditions, can not only be satisfied with the mass production of furniture products, but should be based on the individual needs of consumers, develop customized business, in a good product quality Based on the product, we focus on the original design of the product and create a unique process. Luo Baihui, secretary-general of the International Mould, Hardware and Plastics Industry Suppliers Association, also stated that China's furniture hardware market will become bigger and stronger and transformation and upgrading will be the key. Custom furniture is rising in the past two years, and personalization has become a development trend.
Threshold increase
At present, energy conservation and environmental protection have become a must for homework in many industries. The country has also issued corresponding policies one by one. For the home market, the environmental impact caused by high energy consumption and high pollution has become increasingly serious. Energy conservation and emission reduction have become an important means for companies and businesses to compete. 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 companies have gradually established serialization, standardization, and brand management. Compared with the domestic low quality production standards, in the face of international standards, not all hardware companies are able to quickly break through, such as closet hardware accessories to produce wardrobe hardware in line with the export specifications of the product, the production of supporting pressure increased a lot.
The development of some domestic furniture hardware manufacturers is at the expense of resource waste, energy waste, and environmental pollution under the extensive economic model. As the country vigorously implements the policy of implementing energy-saving and emission-reduction policies, it means quality improvement and technological innovation for the production enterprises.
In addition, with the improvement of the living standards of consumers, the requirements for energy-saving and environmental protection products are also increasing. As a necessity of life, furniture hardware accessories will inevitably be continuously improved and upgraded along with changes in consumer demand and market environment. This will be an important opportunity for the industry to promote shuffling.
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