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Hardware Industry
An Overview of
Taiwan Excellence Products
Taiwan’s Household Equipment, Hardware and Hand Tool Industry
Taiwan's hand tools are the world’s unsung champions! Every year, Taiwan’s tool industry earns US$4 billion from exports of OEM wrenches and pliers. Globally reputed as the “Kingdom of Hand Tools,” Taiwan is one of the world’s top three export countries in this sector, which is one of the island’s most prominent industries. Nearly 70% of enterprises in the hand tool industry are concentrated in the Taichung and Changhua areas.
Ongoing Growth for Two Years Running
According to Taiwan’s Department of Statistics, the number of plants and workers in the hand tool industry is steadily increasing year by year. As of 2017, there were 2,166 factories and about 48,000 workers. The majority of manufacturers are SMEs, and over 70% have fewer than 20 employees. With 70% of the factories centered in Taichung and Changhua, Taiwan’s hand tool industry has a complete upstream, midstream and downstream supply chain.
More than 50% of well-known international mid-range and high-end hand tool brands are purchased from Taiwan.
Taichung’s Golden Valley: The World’s No. 1 Machine Tool Industry Cluster
At the foot of Mt. Dadu in Taichung City is Taiwan’s “Golden Valley” of precision machinery, with over 300,000 employees and an annual output value of NT$900 billion. It is the world’s number one precision machinery cluster in terms of density and per unit area output value, hosting six industries: machine tools and machinery parts, photovoltaic panels, bicycles and parts, woodworking machinery, hand tools, and aerospace.
“Taiwan’s mid-range and high-end hand tool OEM ranks No. 1 in the world.”
- Huang Hsin-Te, Vice Chairman of Taiwan Hand Tool Manufacturers’ Association and Chairman
of AllProfessional Manufacturing Co., Ltd.
Global Hardware Industry Trends

According to technical research consulting firm TechNavio, the global hand tool market will have reached US$125.5 billion in scale by 2022. Over 50% of this is taken up by the North American and Europe markets, home of the world’s largest hand tool import and export countries, with vibrant DIY cultures.

Germany is an important export expansion market for Taiwan’s hardware hand tools and DIY applications. According to the Taiwan External Trade Development Council’s iTrade platform, Germany is Taiwan’s third largest export market in this sector. In 2017, the output value of Taiwan’s exports to Germany reached US$218 million, an increase of 4.8%, second only to the United States and China. In addition, Germany is also Taiwan’s second largest export market of fasteners. In 2017, fasteners exported to Germany accounted for about 9.5% of the island’s total export value, amounting to nearly US$400 million, or US$2.6 per kilogram, and a 10.5% increase in average unit price compared to the previous year. German products with Taiwanese fasteners have long held leading positions in the global automotive, healthcare, and machinery and equipment manufacturing industries, an indication of Taiwan’s importance in Germany’s fastener market.

Estimated global hand tool market scale by 2020
* Please see the booklet for relevant reference data.
Hardware Industry Video
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Lean lead to innovalue. Fastening, rotating, and loosening is Technician’s focus every day. To provide user high torque, high effectiveness, high speed with reducing ache after using for long period, Lancer dedicated MIT 7in1 MULTI BIT RATCHET SCREWDRIVER for specialists. High torque ratchet mechanism brings higher efficiency to the works, and Smart ratchet supports free turning ratchet with integrated switch for forward, locking and reverse operations. Newly developed SVCM+ steel brings Toughness, torsion, and strength increased over 20%. Well and complete heat treatment, accurate size, and antirust. 3-mode Ergonomic dual-material handle avoid slippery and provide resistance to chemical, oil and most solvents. Provide comfortable grip, and increases the speed to fasten and loosen screws by precisely positioning and rapid rotating. Super magnetic attraction free of bits fall off, Revolver style bit storage for 5 pieces of long 1/4”hex high quality bits for both hand and power tools.
Lean lead to innovalue. Fastening, rotating, and loosening is Technician’s focus every day. To provide user high torque, high effectiveness, high speed with reducing ache after using for long period, Lancer dedicated MIT 7in1 MULTI BIT RATCHET SCREWDRIVER for specialists. High torque ratchet mechanism brings higher efficiency to the works, and Smart ratchet supports free turning ratchet with integrated switch for forward, locking and reverse operations. Newly developed SVCM+ steel brings Toughness, torsion, and strength increased over 20%. Well and complete heat treatment, accurate size, and antirust. 3-mode Ergonomic dual-material handle avoid slippery and provide resistance to chemical, oil and most solvents. Provide comfortable grip, and increases the speed to fasten and loosen screws by precisely positioning and rapid rotating. Super magnetic attraction free of bits fall off, Revolver style bit storage for 5 pieces of long 1/4”hex high quality bits for both hand and power tools.
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