As a big manufacturer and exporter of pneumatic tools, China has long been in a trade surplus in the pneumatic tool industry. The trade surplus of the pneumatic tool industry has been expanding year by year. In 2019, the trade surplus of the pneumatic tool industry reached 1.217 billion dollars, with a year-on-year growth of 137.6%
China's total import and export volume of pneumatic tools increased year by year. In 2019, the total import and export volume of pneumatic tools reached 2.542 billion US dollars, with a year-on-year growth of 30.7%. Affected by the novel coronavirus epidemic, the international logistics of pneumatic tools was greatly affected. Therefore, the total volume of imports and exports of pneumatic tools decreased significantly in 2020. The total volume of imports and exports of pneumatic tools in 2020 was $1.73 billion, down 31.9% year on year.
In the Chinese pneumatic tool market, foreign brands are in the first echelon, monopolizing the high-end market, while Taiwan brands and some well-known domestic brands are in the second echelon, competing in the middle and high-end market. There are a large number of less well-known domestic enterprises, whose main pneumatic tools compete in the middle and low-end market. With the increasingly fierce market competition and the increasingly obvious demand trend of precision, intelligence and high-end, the development pressure of a large number of little-known pneumatic tool enterprises is increasing, and they will gradually withdraw from the market in the future.
In order to compete for the high-end market, China's powerful pneumatic tool enterprises continue to improve their R&D and innovation ability, improve technology and technology level, and improve their competitiveness in the high-end market, but foreign enterprises still occupy a competitive advantage.
China is currently the world's largest producer and exporter of pneumatic tools. The industry income of pneumatic tools is about 60 billion yuan, of which more than 60% is exported. The main export markets of our pneumatic tools are North America and Europe, among which the United States and Germany are the first and second largest markets.
According to statistics in the industrial developing countries, about 30% of fully automated processes have pneumatic tools. The research and application of Chinese pneumatic manufacturing and pneumatic technology start relatively late, but in the past 10 years have made great progress.
The rapid development of our pneumatic system has also brought about the development of pneumatic tools. More and more businesses are optimistic about the market of pneumatic tools. On the one hand, it lies in its high technical requirements. The products in the hardware market are mainly produced in Taiwan (Taiwan Black cow pneumatic tools, Taiwan DR Pneumatic tools).
Now with the improvement of production technology at home and abroad, some enterprises in Wenzhou and Shanghai have launched pneumatic tool products. And the use of pneumatic tools is also very wide, Guangdong, Shanghai, Jiangsu, Fujian and other coastal provinces and cities in the assembly industry, machinery industry, transportation industry and Yongkang scooter, electric bicycle, motorcycle assembly and pneumatic repair factory and some assembly line work enterprises and manufacturers have used pneumatic tools.
