China International Hardware /Practical World Asia
The Chinese hardware market continues to grow. Promising outlook for international exhibitors
The success of China International Hardware Show Powered by PRACTICAL WORLD is much leveled by the current international trade in hardware. Production volume of Hardware & DIY products in China is currently growing at 7-8% per year. China is experiencing construction boom in no small measure due to a large number of mega projects, a buoyant property market and rapid privatization within the real estate sector. These market forces are driving a high demand for machines, tools, construction materials, and kitchen and bathroom materials.
Domestic demand is expected to double until 2015. The Chinese DIY market is forecast to be world’s largest by 2015. It is estimated that there are now over 100 large home improvement stores in China, with B&Q, Home Depot and Ace Hardware vying for a slice of this market. At present there is an increasing demand for quality products and brands from outside China. These trends bode well for any international exhibitor wanting to establish a firm foothold in this boom economy and be a part of one of the most dynamically growing export markets in the world.