Discussion on the Current Situation and Future Trend of Hinge Manufacturers_Company News 3

In recent times, there have been numerous events such as furniture exhibitions, hardware exhibitions, and the Canton Fair, which have brought together guests from various industries. During these events, I had the opportunity to engage with customers from different parts of the world, discussing the current trends in cabinet hinges. This led me to believe that it is necessary to delve into these three aspects separately. Today, I will share my personal understanding of the present situation and future trends of hinge manufacturers.

Firstly, there has been an excessive investment in hydraulic hinges, resulting in an oversupply. Traditional spring hinges, like two-stage force hinges and one-stage force hinges, have already been phased out by manufacturers. The production of hydraulic dampers, which support hydraulic hinges, has become extremely mature due to rapid advancements over the past decade. The market is flooded with damper manufacturers producing millions of dampers. Consequently, dampers have transformed from high-end products to common ones, with prices starting as low as two cents. Manufacturers are facing minimal profits, leading to a rapid expansion in the production capacity of hydraulic hinges. However, this surge in supply surpassing demand has created a challenging scenario.

Secondly, new players have emerged in the hinge industry. Starting with the Pearl River Delta, then Gaoyao, and later Jieyang, numerous manufacturers of hydraulic hinge parts have emerged. This has sparked interest from regions like Chengdu and Jiangxi, where people are considering buying low-cost parts from Jieyang to assemble or produce hinges. While these endeavors have not gained significant traction yet, the rise of China's furniture industry in Chengdu and Jiangxi may ignite a revolution. The accumulated expertise and experience of Chinese hinge workers over the past decade make it viable for them to return to their hometowns and establish successful ventures.

Furthermore, some countries, like Turkey, which impose anti-dumping policies on China, have recently seen an influx of Chinese companies for hinge mold processing. These companies are importing Chinese machines to join the hinge industry. Vietnam, India, and other nations are also clandestinely entering this competitive landscape. It remains to be seen how these developments will impact the global hinge market.

Thirdly, frequent low-price traps have resulted in the closure of hinge manufacturers. The economic downturn, reduced market capacity, and rising labor costs have led to intense price competition within the industry. Many hinge enterprises experienced losses last year, forcing them to sell their products at a loss in order to survive. This situation created a vicious cycle where companies resorted to cutting corners, reducing quality, and adopting cost-cutting measures to stay afloat. Consequently, the market witnessed an influx of hydraulic hinges that are visually appealing but lack functionality. Users have experienced the transience of joy from low prices and the enduring pain of poor quality.

Fourthly, the prominence of low-end hydraulic hinge products has allowed many furniture manufacturers to upgrade from traditional hinges. While there is room for future growth in this segment, customers are increasingly drawn towards products from trusted brands that offer quality assurance. This shift in consumer behavior is likely to increase the market share of established brands.

Lastly, international brands are intensifying their efforts to penetrate the Chinese market. In the past, top global brand hinge and slide rail companies typically had minimal marketing initiatives targeted at the Chinese market. However, with the decline of European and American markets and the steady growth of the Chinese market, companies like blumAosite, Hettich, Hafele, and FGV have escalated their marketing activities in China. They are now actively increasing their presence at Chinese exhibitions, offering Chinese brochures, catalogs, and website experiences. These big brands are being used by many high-end furniture manufacturers for promotional purposes. As a result, local Chinese hinge companies face challenges when attempting to make inroads into the high-end market. This situation also influences the purchasing decisions of large furniture companies. Chinese enterprises still have a long way to go in terms of product innovation and brand marketing.

At AOSITE Hardware, our unwavering commitment to quality has allowed us to gain a strong brand reputation and attract foreign customers. We prioritize offering the most attentive service and aim to provide meticulously designed products. Our hinges are safe, reliable, and boast a long service life, making them suitable for various types of food production, processing, and packaging requirements. Our skilled workforce, advanced technology, and systematic management system contribute to our sustainable growth.

With our industry-leading R&D level, we continuously invest in research and technological development while encouraging creativity from our designers.

AOSITE Hardware's Drawer Slides are designed and developed to meet the latest demands of both domestic and international markets. They offer excellent sealing and safety features and can be easily installed in any location. Our products can be quickly maintained or replaced, ensuring minimal disruption to operations. These features have earned widespread recognition.

Boasting a proud history of ten years, AOSITE Hardware remains dedicated to our core values of honesty and innovation. We strive to deliver high-quality Drawer Slides and exceptional services. In cases where returns are due to product quality issues or mistakes on our part, we guarantee a full refund.

In conclusion, the hinge industry is undergoing significant changes, driven by factors such as oversupply, emerging players, price competition, and the influence of international brands. As the market evolves, AOSITE Hardware remains committed to providing top-quality products and services while continuously adapting and innovating to meet the needs of our customers.