Consumption upgrades help home hardware to develop to the high-end market

With the growth of residents' income level and the pursuit of exquisite life, more stable product quality, better product materials and more fashionable design elements have become an important consideration in consumption decision-making. Exquisite design, good quality hardware products will greatly enhance the quality and grade of household products. Therefore, the high-end home hardware products with stable quality and fashionable appearance design will be increasingly favored by consumers. With the upgrading of consumption, industrial development and the improvement of industry standards, the development of low-end home hardware market has encountered a bottleneck, and home hardware enterprises in the high-end market, due to high product quality, original design, focus on brand building and marketing, in the context of consumption upgrading and purchasing power improvement, gradually replace the original low-end products. In the industry will have a stronger competitiveness and voice.

Scientific and technological progress drives the manufacture and application of intelligent home hardware

With the development and application of intelligent equipment, intelligent factories, industrial software and artificial intelligence and other related technical systems, the production and manufacturing of household hardware products has gradually shifted from labor-intensive production to intelligent, automated and information-based production.

Intelligent home hardware is an important part of creating smart home ecology, the traditional hardware only has a single function or decorative role, with the transformation of the intelligent upgrade of the industry, humanized and interconnected home hardware products are constantly developing. In the future, the improvement of smart home ecology, home hardware products will accelerate the development of intelligent direction.

Home hardware industry competition pattern

There are many kinds of home hardware products, grade differences, most of the home hardware enterprises are small, the market as a whole is more scattered. In the low-end market, the production scale of enterprises is small, the brand awareness is weak, the independent research and development design ability is insufficient, and the regional market competition is participated in a fragmented form. At present, a large number of hardware enterprises in the low-end market disorder competition, low price competition to obtain living space, product technology content is low, homogenization phenomenon is serious. In the high-end market, enterprises mainly rely on its product quality, brand, channel, technology, management and scale advantages, to produce high-quality, diversified high-end home hardware products. In the home hardware industry, well-known overseas enterprises such as CBM entered the market earlier, and with its mature business model and rich technology accumulation, gradually occupied the middle and high-end market of home hardware.

With the improvement of industry standards, the rise of labor costs and the intensification of market competition, relying on low-quality and low-price competition to obtain market space without brands, without independent research and development capabilities, low value-added home hardware enterprises will be gradually eliminated, the industry will gradually develop toward standardization and branding, and the leading position of leading enterprises will continue to strengthen. Market concentration is also gradually increasing along with the process of industry reshuffle.

CBM Your furniture hardware custom expert

CBM Global Marketing Center / Showroom

Add：Building A2 -413# Longtou Furniture Material Center，Longjiang,Shunde,Foshan,Guangdong,China.