After 10 years of rapid growth, China's furniture hardware industry overcapacity problems have become increasingly prominent, due to the economic slowdown in the market, furniture hardware market by the shortage into a glut. In addition, due to the high energy consumption, high pollution environmental impacts, energy conservation has become a reality that must be addressed, and this will inevitably lead to raise the threshold of the furniture hardware industry. Industry sources say that to break the bottleneck of development of the industry, only by improving product quality and technology of their own strength to achieve.
Oversupply
In recent years, furniture hardware industry has changed over the smooth, gradually into the bottleneck of the development of this and rising raw material prices, logistics costs and labor costs are closely related. In fact, European and American countries in recent years, the reasons abroad also because of the rapid development of production technology and high domestic labor costs and so on, to transfer its affordable products to China and other third world countries, they only produce high value-added products. From the domestic situation, it is the eastern part of the furniture hardware industry gradually transferred from east to west from south to north. Such as Sichuan Province of China, currently from sales of production scale and business point of view, has become a furniture hardware producing province, a large production base has been formed in the western Sichuan. But on the whole situation, due to the economic slowdown in the market, the domestic market demand, coupled with the domestic market a lot of self-built distribution range is very wide, the furniture hardware market is in oversupply, many furniture unmarketable.
Industry sources say that the furniture hardware industry would like to seek a breakthrough in the development, it requires companies to adapt to the market situation, can not only meet the mass production of furniture products, but should be based on the individual needs of consumers, the development of custom business, good product quality Based on the original emphasis on product design and create a unique process. Secretary-General of the International Mould & Metal & Plastic Industry Suppliers Association Luo Hui also said that China's furniture hardware market to further develop and expand, upgrade is the key. Custom furniture is on the rise the past two years, become the trend of personalization.