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In the first half of the year, the domestic hardware machinery and mold industry continued to show steady growth, though at a slower pace than previous years. According to recent data, market sales rose by 9.6% compared to the same period last year, and industry experts expect this growth rate to remain stable in the second half of the year. “We are seeing a more cautious business environment,†said the general manager of Dongguan Jinming International Machinery Mould City, Guangdong. “While the industry is still growing, the pace has definitely slowed down.â€
As the global economic landscape becomes more complicated and the industry faces headwinds, a visit to several specialized hardware machinery and mold markets in Dongguan revealed a common sentiment among local businesses: increased pressure on investment and operations. “It’s harder to sell now,†one merchant shared. “Finding double-digit growth like before is becoming a challenge.†With the rapid development of domestic specialized markets, supply has increased, putting more pressure on new entrants. At the same time, technological advancements and shifting consumer demands have brought about significant changes in how these markets operate.
“Previously, professional markets thrived on cash transactions, spot trading, and live sales,†explained Li Guangdong, a special advisor for the Dongguan Hardware Machinery Mould Industry Association. “Now, they’re facing new challenges from digitalization, e-commerce, financial innovation, and modern logistics.†He emphasized that the future of these markets lies in differentiation and transformation through technological upgrades and improved service models. “Only by adapting and evolving can they survive in the increasingly competitive environment.â€
According to Li, branding is a key part of this transformation. As the economy grows and consumer demand for quality increases, traditional low-grade products are being replaced by high-quality, branded alternatives. “Jinming International Brand Machinery Trading Zone (Machine 4S Shop Display Center) focuses on tailored solutions for strength-oriented enterprises, offering high-end, specialized, and refined machine tools that meet diverse customer needs,†he said.
Beyond branding, Li also stressed the importance of technology and e-commerce in the current era. “E-commerce is no longer optional—it’s essential for marketing, transaction settlements, and long-term development,†he added. In response to this trend, Dongguan Jinming International Machinery Mould City has launched an innovative mobile e-commerce platform called Jinjitong, which allows merchants to promote their products and conduct transactions through mobile internet. This platform not only enhances visibility but also streamlines trade and payment processes, making product circulation faster and more efficient.
Today, relying solely on traditional methods won’t be enough to make the market stronger or more competitive. The future of the hardware and machinery mold industry depends on integrating digitalization with physical markets, providing comprehensive support for merchants, and continuously innovating business models. Only through such efforts can these professional markets stay relevant, sustainable, and successful in the evolving landscape.