Power tools industry continued optimistic about the future direction of development

March 14, 2019

As one of the common application tools, power tools are everywhere, such as electric drills, chainsaws, cutting machines, lawn mowers and the like. Electric tools are widely used in a wide range of daily life and production of important equipment, social and economic development play an indispensable role. Therefore, electric tools are also classified as advanced equipment manufacturing industry, the outlook continues to improve.

Power tools are usually driven by a small-capacity motor or electromagnet and drive the work head through a transmission structure, which is a hand-held or portable mechanized tool. According to national standards, generally divided into handheld power tools, portable power tools, electric garden tools three categories.

Electric tools can be applied to a wide range, including machinery industry, construction and decoration, landscaping, wood processing, financial processing. It can be said that power tools can be involved in almost all industries, the market capacity is huge.

After the 1940s, electric tools became an international tool of production with a substantial increase in the popularization rate. It has become one of the indispensable household equipments in the family life of developed countries.

China's power tools from the 20th century, 70 years into mass production, flourished in the 90's, the total scale of industrial expansion. According to statistics, by 2013, China's power tool industry output value reached 58.512 billion yuan, an increase of about 23.91%, sales revenue of 47.878 billion yuan, an increase of 15.28%.

According to the current development trend, power tools are expected to continue double-digit high-speed growth, the future prospects can be expected. It is estimated that by 2018, sales revenue of China's power tool industry will reach 128.3 billion yuan, and the room for growth is still considerable.

Although the scale of power tools industry continues to expand, most of the enterprises in our country are relatively weak in competitiveness. They are technically at a relatively low level of imitation and mainly produce OEMs for foreign manufacturers. Their brand awareness is not strong, and their profit is mostly low at a low price.

In the future, we should seize more shares from the huge market. Domestic power tool enterprises should effectively improve product quality and technical level, establish brand awareness, differentiate competition, increase R & D investment, enhance product added value and grasp the direction of technology development.

Next, the power tool industry will be the main direction of development in three directions. First, electric tools are gradually converted to clean energy. Benefit from technological breakthroughs in lithium batteries, power tools, battery capacity and security is expected to significantly increase the cost of the battery is continuously reduced, thus abandoning the original single-phase, three-phase power supply.

Second, a multi-purpose machine or a set of composite tools to become mainstream. With the popularization rate in the family, electric tools need to undertake a variety of purposes, a multi-purpose machine or a set of complex tools came into being.