With the development of the domestic economy and the continuous advancement of urban construction, the demand for hardware products in fields such as construction, home furnishing, and automobiles has been continuously increasing. The market size of the Chinese hardware products industry has been expanding continuously. According to the data, the market size of hardware products in China was approximately 90.127 billion yuan in 2015, and it increased to 110.24 billion yuan in 2022, with a compound annual growth rate of 2.92% during this period.

The Chinese hardware industry has witnessed significant growth over the past few decades. The output value of the domestic hardware industry has also been steadily increasing. In 2022, the output value of the Chinese hardware industry was approximately 164.73 billion yuan, with a year-on-year growth rate of 0.68%. In the future, with further technological innovation and changes in market demand, the hardware industry still has great potential for development.

At present, the hardware products industry in our country mainly relies on wholesale sales, with relatively low retail sales. According to statistics, the transaction volume of the Chinese hardware retail market reached approximately 6 billion yuan in 2021, a decrease of 3.88% compared to the previous year.