Furniture hardware industry urgently needs transformation and upgrading

The issue of overcapacity in China's furniture hardware market is becoming increasingly prominent. Under this background, the industry “shuffles” inevitably. If we want to grab market opportunities in “shuffle”, transformation and upgrading are the key.

In recent years, the furniture hardware industry in the eastern part of China has encountered a development bottleneck. The rising raw material prices, logistics costs, and manpower costs have constrained the development of furniture in the east. The furniture hardware industry in the east gradually shifts from south to north and shifts from east to west. This shift is also the same as the transfer of furniture hardware industry from China to China in the same year. It is not only the transfer of enterprises, but also the transfer of order development. The transfer of eastern furniture hardware industry in the central and western regions gradually improved the infrastructure and industrial chain, and the development momentum in Sichuan and Henan provinces was relatively strong, especially in Sichuan.

In the past five years, from the perspective of the production scale of products and the sales volume of enterprises, after five years of hard work, Sichuan has become a major province of furniture hardware production. The production base of the western region has already formed here. However, due to the slowdown of the entire market economy, the furniture hardware market has turned from supply shortage to supply and demand, and the industry is in a transition period. In the near future, there may be a group of companies that will be eliminated. Although Sichuan's furniture was built earlier due to the construction of the market, the self-operated market has been built more widely and has a wider distribution, and the target consumers are also relatively accurate. Compared with the eastern home, the exit from the market is slower. However, in general, the status quo of supply and demand is still facing, and many furniture has become unmarketable.

Luo Baihui, secretary-general of the International Mould, Hardware and Plastics Industry Suppliers Association, once said that the furniture hardware market in Sichuan and even China as a whole will become bigger and stronger. Transformation and upgrading are the key. Custom furniture is rising in the past two years, and personalization has become a development trend. Consumers are no longer satisfied with mass production of furniture products in order to integrate the style of furniture into the overall decoration style. This requires the furniture hardware company to follow the trend, follow the consumer mentality to carry out the transformation, and attach importance to the original product design and unique technology.

Product upgrading, technological innovation, this is also a way of transformation and upgrading. In addition, we can also achieve transformation and upgrading through innovations in business operations and changes in business operations, through innovative services to consumers and changes in sales services to operators, and we must strive to gain the upper hand in shuffling.