In recent years, the power tool industry has shown a rapid development trend. In the domestic power tool market, the sales volume of domestic power tools has accounted for 90% of the total sales. China’s manufacturing ratio continues to expand. China has become the world’s leading exporter of power tool products and a global power tool production base. The industry has great potential for development. The survey pointed out that the current use of power tools in households in China is very common, accounting for about 50% to 70% of the total output.
According to the statistics of the Power Tools Branch of the China Electrical Equipment Industry Association, more than 85% of the power tools used in the world are produced in China. The export value of power tools in China accounts for about 40% of the total export value of power tools in the world. In 2010, China’s power tool production reached 230 million units, a year-on-year increase of about 15%.
Looking at the environment of the power tool industry, China is in full swing to carry out industrial upgrading, vigorously develop advanced manufacturing, infrastructure construction, and continuous investment, development and upgrading of advanced equipment manufacturing, which have created an unprecedented development opportunity for the power tool industry in the future.