Decorative hardware industry has great potential
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The decorative hardware industry holds significant potential, yet it faces challenges such as low independent innovation capabilities and weak brand presence. The question remains whether the Chinese hardware industry can break free from the constraints of foreign development models and carve out its own path for growth.
Since China joined the WTO, the country has experienced a surge in economic integration, with global manufacturing rapidly shifting to mainland China. As a result, China is gradually becoming a world-class manufacturing hub. This shift has created both opportunities and challenges for domestic industries, particularly in sectors like hardware and construction.
Recently, at the China International Building Decoration Exhibition, it became clear that the architectural decoration industry—closely linked to the construction sector—is undergoing a major transformation. With rising demand and evolving market dynamics, this industry is entering a period of consolidation and restructuring.
Despite the vast market potential, the domestic building decoration industry is still fragmented, with numerous small-scale enterprises operating independently. Currently, there is no listed company within the domestic hardware industry, which highlights the lack of strong, centralized players.
According to Cao Hantian, a managing director at Guangdong Hardware Co., Ltd., the domestic market alone is valued at 40 billion yuan. However, due to the low entry barriers, countless companies are competing in the sector. He noted that many smaller firms have already been eliminated in the first half of the year, signaling that the industry is now in a critical reshuffling phase. Companies with strong R&D capabilities and established brand recognition are expected to emerge as leaders in this new landscape.