China's architectural hardware may face upgrading and transformation

Posted on

In recent months, the business for hardware and building materials has been tough, with many retailers expressing frustration. At a large furniture and door window distribution center near the Fourth Ring Road in Beijing, the atmosphere is quiet and subdued. Even on weekends, the usual rush of customers hasn't returned. The same scene can be seen across the building materials market nearby. A plumbing hardware store, operated by Chen Xing’s distributor, has remained closed for several days. Sales have been declining since the second half of last year, and after the Spring Festival, the drop became even more severe. There are still some retail customers, but no major orders. As a result, many distributors have had to terminate their sales agreements with manufacturers ahead of schedule. With heavy inventory and bleak prospects, the hardware industry is facing a wave of pessimism. A few days ago, the Ministry of Industry and Information Technology released the "Twelfth Five-Year Development Plan for the Building Materials Industry." During the Eleventh Five-Year Plan period, China's building materials sector experienced rapid growth and strong efficiency. However, with the credit crunch and slowing investment, demand for building materials is unlikely to maintain high growth in the coming years. According to the plan, the market size for main building materials products will continue to grow, but at a slower pace. In the Eleventh Five-Year Plan period, the average annual growth rate for major building materials was between 10.5% and 15.7%, while it is expected to fall to 2.6% to 4.0% during the Twelfth Five-Year Plan. The market is a clear indicator of the industry's health. Rising costs and a cooling construction and decoration market are driving down the performance of the construction hardware sector. Cui, a hardware and building materials dealer, explained that the current price hikes are due to increased purchasing costs. He admitted reluctantly that rising prices of raw materials like steel and aluminum have pushed up construction hardware prices by over 10%, and profit margins have dropped from 60% a few years ago to just 20% today. This trend is putting immense pressure on small and medium-sized businesses, forcing them to rethink their strategies in an increasingly challenging environment.

Foldable Tool Tote

Foldable tool tote is a type of tool bag that is designed to be collapsible and easy to store when not in use. It typically features a collapsible frame made of lightweight materials such as aluminum or plastic and a removable fabric bag that can be folded or rolled up for compact storage.

Foldable tool totes are ideal for professionals who need to transport tools to different job sites and want a bag that is easy to store when not in use. They are also useful for DIY enthusiasts and homeowners who need a portable and convenient way to store and transport their tools but have limited space for storage.

Some foldable tool totes also feature additional pockets and compartments for organizing smaller items such as screws, nails, and drill bits. They may also have reinforced handles or shoulder straps for easy carrying.

The benefits of a foldable tool tote include:

  • Space-saving design: The collapsible frame and removable fabric bag allow for easy storage in small spaces such as closets or car trunks.

  • Lightweight and portable: The lightweight frame and fabric bag make it easy to transport tools and equipment to different job sites or locations.

  • Versatility: Foldable tool totes can accommodate a variety of tools and equipment, making them a versatile option for different trades and applications.

0006 Img 1225

When choosing a foldable tool tote, it is important to consider the size and weight of your tools, as well as the overall durability and quality of the bag. Look for a model with sturdy construction, reinforced handles or shoulder straps, and ample storage space to accommodate all your tools and accessories.

Foldable Tool Tote,Collapsible Tool Tote,Foldable Tool Bag,Portable Tool Boxes

ZHANGJIAGANG CITY XIANGLE TOOL CO., LTD. , https://www.xiangletoolbag.com