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Hinge prices may rise in the future_Industry News 1

2023-06-30

AOSITE

From its humble beginnings as an ordinary product made in China, hinges have come a long way. They have evolved from simple hinges to damping hinges and finally to stainless steel hinges. Along this journey, the production quantity has increased significantly, and the technology has continuously improved. However, progress comes with its own set of challenges that may impact the price of hinges.

One of the key challenges is the rising price of raw materials. The hydraulic hinge industry heavily relies on iron ore, which has experienced a continuous price increase since 2011. This upward trend in prices has put immense pressure on the downstream hydraulic hinge industry, affecting their production costs and potentially driving the prices of hinges higher.

Another obstacle lies in the continuously rising labor costs. Manufacturers of damping hinges predominantly operate as labor-intensive industries. Some hinge assembly processes are not suitable for automation, requiring a substantial amount of manual labor. However, in today's society, young people are increasingly disinclined to engage in physical labor activities, posing difficulties for manufacturers in finding skilled labor.

These challenges are faced by damping hinge manufacturers in China. Despite the country being a significant producer of hinges with thousands of manufacturers, these issues hinder it from becoming a true hinge production powerhouse. Nevertheless, the industry remains committed to providing excellent customer service and continuously improving its capabilities.

A leading example in the field is AOSITE Hardware, known for its commitment to delivering exquisite products and exceptional customer service. The company's comprehensive capabilities, particularly in the production of high-quality hinges, have made it a prominent player in the domestic market. Moreover, AOSITE Hardware has gained recognition in the global hardware market, earning the approval of several international institutions.

In conclusion, the journey of hinges in China has been marked by impressive advancements and continuous challenges. With rising raw material costs and labor shortages, the industry faces obstacles that may impact hinge prices. However, companies like AOSITE Hardware showcase the resilience and determination of the manufacturers to overcome these hurdles and excel in delivering top-notch products and services.

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