Papua New Guinea Other hardware parts 003

The hardware industry is developing very quickly, with the most concentrated markets in the traditional hardware industry mainly focusing on mechanical hardware,building hardware, decorative hardware, and daily-use hardware. The trend of industrial concentration in the hardware industry is also very obvious, with the domestic hardware industry mainly concentrated in economically developed provinces and regions such as Guangdong, Zhejiang, Jiangsu, Shanghai, Hebei, and Shandong. Traditional hardware companies have relatively single products, and many companies only provide supporting parts for other manufacturing enterprises, showing a strong dependence on manufacturing enterprises, and their response to market demand is also very slow. Traditional hardware companies do not focus on the research and development of new products and market extension, which leads to a lack of sustained competitive ability. Faced with increasingly specialized market demands and increasingly fierce competition, many hardware companies that initially developed rapidly feel powerless in their subsequent development.