The potential market for electric tools still needs continuous development. From a sales and profit perspective, in mature foreign auto markets, 50% to 60% of profits come from the service sector. As China’s auto service market grows rapidly, it is expected to experience explosive growth, with a market size reaching over 35 billion yuan by 2011. At the same time, global demand for manual tools is also rising significantly. In some developed countries, the demand for hand tools increases by more than 10% annually. Luo Baihui, head of the International Mould, Hardware and Plastics Industry Suppliers Association, emphasized that China’s hardware industry should seize these opportunities by focusing on key areas, promoting industrial restructuring and upgrading, and enhancing independent innovation, especially technological innovation. Companies must strengthen their internal capabilities, develop two markets simultaneously, build strong distribution channels, promote and maintain their brands, and ensure both internal and external operations are well-managed. This will help them quickly gain or expand market share in an increasingly competitive and fast-growing environment.
Power tools have become essential for both industrial and household use due to their lightweight design, ease of use, high efficiency, and low energy consumption. China is currently one of the world's largest exporters of power tools, but there is still significant untapped potential in various target markets. In economically developed regions such as Germany, the UK, the Netherlands, France, the US, Canada, and Japan, electric tools are widely used in both professional and DIY settings. These countries account for a large portion of the global market, yet China’s industrial-grade power tools are not widely exported there. Professional power tools require high technical standards, strict safety and electromagnetic compatibility regulations, and are designed for higher performance, reliability, and durability. Their prices can be several times higher than consumer-grade tools, sometimes even ten times more. Well-known international brands like Bosch, Makita, Black & Decker, and Hitachi dominate this segment.
Although China accounts for 80% of global electric tool sales, only about 20% of total sales come from exports. The main reason is that Chinese manufacturers lack strong international brand recognition, especially in the professional tool sector, where most products are produced under OEM agreements. The domestic market is highly competitive, leading to declining export prices. For example, in 2001, the average price of electric tools was $12.72 per unit, while foreign companies sold theirs at $18.74, and imported tools reached up to $45.94. Once China improves its technology, develops industrial-grade power tools, and builds a strong brand, it will be well-positioned to capture a larger share of the global market and achieve greater economic returns.
In economically underdeveloped or less advanced third-world countries, electric tools are still relatively rare. However, as economies grow and living standards improve, the use of power tools in households is gradually increasing. In Asia, for instance, the market share of electric tools exported by China has been rising year by year, increasing by 2.6 percentage points compared to 2002 and 2003. This indicates a huge latent market for household electric tools in developing countries.
Having good products and quality assurance is crucial, but proper brand promotion is equally important. Companies should establish their own sales channels, work with local agents, and collaborate with media to raise awareness. Finding the right marketing strategy requires effort and persistence. Another critical factor is after-sales service. Many domestic companies lack adequate post-sale support, which has become a major weakness. In the face of growing competition, if companies do not prioritize this, it could hinder their long-term success. Excellent customer service is not just a bonus—it’s a necessity for sustainable growth.
Passenger Elevator
According to the national standard GB7588-2003 "Elevator Design Code", the maximum design load capacity of machine room less passenger elevators is generally 630kg, 800kg, 1000kg, 1150kg, 1350kg, 1600kg and other specifications, which are suitable for different transportation needs and scenarios. The advantages of MR elevator are larger load capacity, lower noise, and easier daily inspection and maintenance.
We can supply lifts with a maximum passenger capacity of 3-46 persons, a maximum load of 7000kg (15428Lbs), a travel of up to 120m, and a speed of up to 4.0m/s.
We are one of the world`s most proficient factories in custom design and production,
a comprehensive elevator manufacturing service provider engaging in the development, manufacturing, sales, installation, maintenance and modernization.
APSL Elevator's fully customized design and various decorations provide safe, silent, comfortable, energy-saving elevators and fast services to customers. We offer multiple lift solutions, including a wide range of passenger lifts. Learn about the dimensions, prices and safety features of our passenger lifts, the first step is to get in touch with our technical team to discuss your project in more detail.
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