【CENS Newsletter】Taiwan Hand Tool Industry Seizes the Industry 4.0 Opportunities.
Taiwan's Hand Tool Industry Seizes the Industry 4.0 Opportunities
Taiwan's hand tool manufacturing industry ranked first in the world in terms of export value for 5 consecutive years from 1998 to 2002. In 2019, the export value reached as much as 3.7 billion USD. According to the international institution, Markets and Markets, the global electric tool market is estimated to grow from 31.8 billion USD in 2019 to 41.7 billion USD by 2024; a compound annual growth rate of 5.5%. Moreover, the market will benefit from increasing demand due to the growing infrastructure in emerging economies and the demand for electric tools in the manufacturing industry as a whole.

Walter Ye, the CEO of TAITRA, said that, “Technology highly influences market application. The combination of the two major technologies, IoT and AI, is expected to significantly contribute to huge amounts of intelligent applications and change a variety of industries gradually”.
2020 Trending Products | Non-powered Hand Tools | Power, Pneumatic Tools | Furniture Hardware & Building Materials
Industrial Hardware & Products | Garden Related Products | Bathroom Equipment
2020 Trending Products
Non-powered Hand Tools
6 in 1 aluminum staple gun tacker
Power, Pneumatic Tools
Sandblasting gun
Furniture Hardware & Building Materials
Heavy Duty Duty Padlockable Barrel Bolt
Industrial Hardware & Products
Extruded-aluminum heat sinks for LED lighting
Garden Related Products
Back Belt
Bathroom Equipment
Grease Trap for Kitchen
Shuenn Chang Fa Enterprise Co., Ltd.
Since the establishment in 1976, Jyh Shinn Plastic Co., Ltd (JSP) has been manufacturing plastic fasteners and wiring accessories. It has more than 40 years of experience in plastic forming and mold design, constantly seeking quality and sophistication in products. Its fastener-related products include cable ties, cable and hose clamp, wire tie mount, automotive fasteners, and plastic fastener, etc. Cable tie is the main product of the company, accounting for 70% of total production profits. JSP features cable ties because they have wider efficacy in applications in various industries such as heat stabilized cable ties on the automotive and motors market and flame retardant cable ties on the automotive electronics market and security cable ties on the transportation market. In a bid to refine its quality for clients worldwide, the firm introduces 3D CAD into product design and R&D to assist creative concepts. ...
tag Cable-tie tensioning tools, Cable ties read more
Taiwan Hand Tools
2020 Hardware & Tools



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