Aug 16, 2023 Leave a message

What Are The Deficiencies in The Development Of China's Caster Industry?

200mm casters swivel for tool carts

With the rapid development of China's market economy and the improvement of people's quality of life, the development of China's caster industry has attracted more and more attention. Looking at the current caster market, although the industry has grown significantly, there are still many problems in the development process.

 

For a long time, in many fields, there has been a conscious and unconscious tendency in the development of casters, that is, technology-oriented, blind projects or one-sided pursuit of line width, the more the better, while ignoring the most important factors in the development. Many projects are so-so. Only the equipment has not been introduced, and the linear varieties are basically eliminated by the market, which does not match the market demand. Part of the production line equipment is outdated and unsupported, unable to meet the design capacity. In addition, most of the projects have nothing to do with insufficient funds, insufficient management of castor companies, and insufficient digestion and absorption.

 

Shangxin Casters believes that judging from the caster market in recent years, the entire industry and the market have maintained rapid growth, but in general, there are overcapacity, shortage of funds, high accounts receivable, and the asset-liability ratio of some enterprises High, in trouble. ENT production investment, raw material prices, disorderly competition and other pressures. The cost increase of about 30% has affected the reinvestment of enterprises and the development of the entire caster industry.

As a professional caster manufacturer, Shangxin always adheres to the management concept of quality development. Through continuous technological innovation and technological improvement to increase product value, expand the market size, so as to achieve leap-forward development of the enterprise.

 

For any inquiry or assistance please contact us by sales@shangxincaster.com or whatsapp + 86 152 5836 8162

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