Development Characteristics of China's Hardware Industry in the Process of Internationalization

The internationalization of domestic competition and the internalization of international competition will be the new characteristics of the development of China's hardware industry in the next few years. China's hardware industry will also exhibit the development characteristics of the Chinese hardware industry:

1. Further polarization of corporate polarization It is understood that the next few years will be the high-speed oscillation period of the hardware industry. The direct consequence of this high-speed shock is that the trend of polarization in the current hardware and kitchen brand camp has expanded. It is expected that the hardware companies that can really survive in the market in the next few years will definitely not be so much now. However, this high-speed oscillation in the hardware industry will bring huge opportunities. The result of the shock will make the market operation more rational.

2. The capital in the industry is in active operation, and the cooperation between enterprises is obviously strengthened. In an environment of global competition, in order to obtain a favorable competitive position and enhance competitiveness, industrial capital is another theme of the industry's operation. In 2004, Supor and Vantage went on the market successively, and Hongbao was also successfully listed. Wanhe's capital market operation will not stop due to the failure of restructuring with Yuemeiya. From a capital perspective, the current major feature is the expansion of capital. From the point of view of competitive behavior, cooperation in resource sharing among enterprises is increasing.

3. China's position as a global hardware manufacturing center is further strengthened With the acceleration of China's integration into the global economic environment and the rapid rise of economic strength, China has become the most dynamic economic region in the world. China's economic facilities are relatively complete, its industrial development is relatively mature, and its labor costs are relatively low. It has the comparative advantage of becoming a global hardware manufacturing center, and its outward-oriented development characteristics are obvious.

4. The market competition will shift from price-based to high-quality, high-tech products. With the deepening of competition, the profit space in all stages of the hardware industry chain will be compressed, and the space for price reduction will be reduced. More and more companies are realizing that it is impossible to establish core competitiveness based on price competition alone, and not the direction of long-term development, in an effort to explore new development paths. Many hardware companies have increased their investment in technology, developed new products with high technological content, made product differentiation as a long-term plan for enterprise development, sought new market demand, and established new economic growth points (into small household appliances and Other similar industries) to achieve the sustainable development of enterprises.

5. The integration of domestic and foreign enterprises will further speed up the domestic hardware companies in order to increase their own strength and expand the international market faster. The integration of foreign companies will be accelerated through various means to improve product quality and competitiveness. While continuing to expand markets in the United States, Japan, and other traditional countries, Southeast Asia, the Middle East, Russia, Europe, and Africa will also fully blossom. It is understood that the Chinese hardware industry will continue the momentum of structural adjustment and continue to highlight some bright spots. The polarization of hardware companies will intensify, and some companies that do not adapt to market competition will withdraw from market competition through different channels, and hardware giants will gradually surface.