US National Hardware Show Postponed to May 11-13 in 2021 Due to COVID-19
2020/08/12 | By CENS■ Kuo Fang-lin
According to market research and advisory company TechNavio's data, the global hand tools market is slated to expand to USD$125.5 billion in market value by 2022. Moreover, North American and European markets make up over half of that market value. These two markets are no doubt, the world's biggest export and importers of hand tools thanks to its flourishing DIY culture.
As the trade war between China and the U.S. challenged the global hardware industry production chain, affected global buyers have started to turn to “one-stop” procurement systems, and have since begun to see the advantages of what Taiwanese suppliers can offer. Taiwan's hand tools has a constant presence in the world's top three exporting ranks, for instance, in 2019, the country's export value reached USD$3.7 billion. Taiwan was also the third biggest supplier of wrenches.
Tai Cheer Industrial Co., Ltd. produces diverse and professional steel ball drawer slides, mostly found in home furniture, kitchen furniture, office furniture, tool carts, kitchen appliances like refrigerators, ATMS, and medical equipment. The firm handles orders by client demand, focusing on OEM and ODM production.
Many commuters have chosen to avoid public transportation over concerns of COVID-19, and instead, turned to other choices with less health concerns. As a result, Taiwan's electric bikes and scooters have found new fertile ground in the American market. In Taiwan, as the pandemic is largely in control, classes and work are still open, though less people were willing to spend and travel in uncertain times.
