DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/73hsbm/china_sourcing_rep) has announced the addition of the "China Sourcing Report 2012: Tools" report to their offering.
China's tools industry is anticipating exports to remain on an upward track this year, but growth will be slower than in 2011. Many suppliers see the economic difficulties in the US and the EU dampening overall demand, keeping increases in revenue below 10 percent.
Nonetheless, the two areas will remain key destinations in coming months. Despite the projected contraction in demand, most companies still plan to strengthen their presence in the US and the EU since tool consumption in these markets continues to be unmatched by alternative destinations.
This report covers the major products of China's tools industry, namely hand and power implements, garden tools and related storage systems.
What you'll get
- In-depth profiles of 41 verified suppliers with a comprehensive look at their manufacturing and export capability, product and market focus, verified contact details, and more
- 108 full-color images that depict popular tools export models, with detailed product descriptions and minimum order requirements
- Results of the custom-designed supplier survey, which forecasts industry trends for the next 12 months
Price competition is expected to intensify amid the contraction of demand in the industry's two largest markets. Consequently, many companies plan on keeping increases in quotes, if any, to a minimum. In Global Sources' survey, more than 50 percent of respondents indicated they would limit adjustments to the 10 percent range in 1H11.
Labor costs will continue to put pressure on margins and prices, especially for companies in coastal hubs. Manufacturers are offering better compensation packages to retain and attract required personnel amid the persistent shortage in the areas.
To appeal to a broader market, suppliers are expanding selections to include more tool kits. The latest releases comprise models for specific applications such as plumbing and automotive repair. Sets and multifunction implements for various DIY tasks are also on the rise.
For more information visit http://www.researchandmarkets.com/research/73hsbm/china_sourcing_rep