On August 8th, a brief online store data analysis meeting was held in the conference room of Hexon Company with the operation team of Hexon and the Nantong Craftsmanship Team. The theme of this meeting is the August data analysis and preparation for Alibaba.com’s Super September promotion!
During the meeting, members of both teams had in-depth discussions on the issues that currently arise on the store. The Nantong Craftsmanship team provided guidance and solutions. At the same time, the team analyzed the overall trend of the hardware industry since July 2023. In the global economic downturn cycle, the demand for management, operation and maintenance of manufacturing and infrastructure equipment will further increase. Overseas living habits and high labor costs have led to an increase in categories such as hand tools, electric tools, and garden tools in the face of demand for house renovations and garden pruning. The industry trend is towards cordless, lithium-ion electrification, and clean and environmentally friendly development. In 2022, the global market for lawn and landscaping equipment was $37 billion, and it is expected to grow to $45.5 billion by 2025. The overseas core market is mainly composed of offline large supermarkets and professional wholesalers. The overall hardware tools have shown growth in terms of traffic, buyer data, and changes in business opportunities.
For handtools industry, the main trends are multifunctional, ergonomic design improvements, and new materials.
1.Multi function: “Multi in one” replaces single function tools, reduces the number of tools, sells in sets, and meets the diverse needs of consumers.
2.Ergonomic improvements: including lighter weight, enhanced damping, grip strength, and hand comfort to help better control and reduce hand fatigue.
3.New Materials: With the advancement of technology and the continuous development of the new materials industry, factories can use new materials to develop tools with superior performance and durability.
At the same time, the preparation activity for Alibaba.com’s Super September promotion has officially started. In order to seize this peak season, HEXON will hold a mobilization meeting for all parties, and the business department will conduct an 8-hour live broadcast of the workstation every day, providing real-time reception and providing customers with a better experience. We believe that in the future, Hexon can do better and stronger!
Post time: Aug-11-2023