
Its products include hand tools and power tools, automotive diagnostic and repair equipment, diagnostic technology and related products, and are widely used in automotive, aerospace and other commercial areas. The size of China's tool companies is mostly small, and the product line is not rich enough. Typical "more than not strong." In terms of strategic planning, the products of world-class companies often give a very clear impression. Our tool companies have excessive competition, many domestic manufacturers and brands are not prominent in their main business, and their core competitiveness is poor. From the brand point of view, foreign tool companies have become internationally renowned multinational companies, and most of China’s tool companies are silent in the international market. Technically, there is a big gap between us and multinational companies. They all have design capabilities and processing methods. They have advanced design reserves, and our technology is seriously lacking. From a talent point of view, many foreign companies have come to China to produce. They are paying more attention to the Chinese market. In order to gain a deeper understanding of the Chinese market, foreign manufacturers hire Chinese local talents at high salaries and are willing to pay for information. Chinese tool companies need to go abroad to expand overseas markets, but they lack the talents of transnational elites and those with rich trading experience.
From a service perspective, foreign manufacturers use the laws of the host country as the yardstick and their services are very standard. Most of the after-sales services of domestic companies are not in place, or basically no after-sales service. Of course, domestic companies also have their own advantages, such as high level of familiarity with the market and better understanding of the local cultural background, so it is more likely to establish their own brands. As long as the establishment of effective information channels and rapid response of the decision-making mechanism, establish a good reputation, to provide users with quality products and perfect services, China's handmade manufacturing companies can also open up a new world. "Know yourself and know yourself" can only be achieved through victories. The hand tool industry can only make up for shortcomings and move forward if they understand their own development. "Forward progress" will become the theme song for the manual tool industry.
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