China Hardware Products Industry In-depth Research Report 2023 - Published by Huajing Industrial Research Institute

  Hardware products, as auxiliary and accessory manufactured products used in daily life and industrial production, have a wide range of applications, and can be divided into mechanical hardware, architectural hardware, decorative hardware, daily-use hardware and so on according to their uses.

   China's hardware products industry has made tremendous development in the past decades. The output value of the domestic hardware products industry also continues to grow steadily, and the output value of China's hardware products industry will be about 164.73 billion yuan in 2022, with a year-on-year growth rate of 0.68%. In the future, with further innovation in technology and changes in market demand, the hardware products industry still has great potential for development.

At present, China's hardware products industry is mainly based on wholesale, and the retail sales are relatively small. According to statistics, the turnover of China's hardware retail market reached about 6 billion yuan in 2021, a year-on-year decrease of 3.88%. 

  At present, the hardware industry cluster has presented a complete industrial chain, distinctive industrial characteristics, and high regional branding, and China's hardware products enterprises include Jianlang Hardware, Seagull Sumitomo, Jumbo Star Technology, and Goodwife.