Asia’s robust hardware sales market looks towards THS for new quality products
For three days from 12 to 14 October 2016, over 28,000 international buyers and hardware industry specialists will convene at the Greater Taichung International Expo Centre to see the newest high-technology hardware products and solutions at the 16th Taiwan Hardware Show (THS).
As Asia’s leading premium hardware show, visitor registration to THS has been growing steadily and is set to welcome buyers from India, Iran, Malaysia, Singapore, United States and many other countries with strong hardware purchasing power. With some 400 exhibiting companies showcasing their best hardware selection, the exhibition will stand as the region’s most comprehensive sourcing and procurement platform that offers the latest hardware offerings for wide industry demands and applications.
THS 2016 Meets High Hardware Demand Across Asia
Asia’s rapid industrial development has triggered widespread demand for large quantity of hardware required in key industries such as automotive, construction, electronics and other thriving economic areas. With a growing middle class and higher disposable income across Asia Pacific’s emerging markets, the region has recorded strong increase in consumer expenditure on maintenance and repairs for household. On the retail front, robust price, good sales and quality awareness in the buyers’ market have raised competition amongst OEM producers to provide market-trending hardware and DIY goods. Global hardware spending is expected to rise to USD 1,100.2 billion in 2018, with Asia Pacific as the most active market. Closing in on the home construction sub-sector, the global builders and cabinet hardware market is projected to reach USD 18.1 billion in 2020, with Asia Pacific as the fastest growing market at 8.1%. (Source: Statista, 2015 & Global Industry Analyst, Nov 2014).
Ranking 3rd in global hardware export value, Taiwan is an established manufacturing hub with strong raw materials supply, top-notch processing as well as R&D infrastructure and innovation-focused production systems. Providing quality products with competitive prices, Taiwan contributes over one fifth of the world’s hardware needs. Held in Taichung - home to 70% of Taiwan’s 2,300 hardware manufacturers, THS therefore gives visitors direct access to production sites of major OEM and ODM brands through organized factory visits. Other participating companies comprising hardware manufacturers, inventors, distributors and suppliers will provide a fruitful experience for serious buyers to procure the best of Taiwan’s hardware inventions at THS 2016.