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Taiwan's Hand Tools Seeking Opportunities Amid Global Crisis |
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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”.
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Concentrated on R&D, after-service and production, the Taiwan-based Airboss Air Tool Co., Ltd., a world-caliber supplier of pneumatic tools, which specialized in manufacturing compacted, light-weight, user-friendly pneumatic tools, high safety.
The products are made with magnesium alloy and many specialties as lightweight, high precision, high rigidity. They are not only eco-friendly materials and can be recycled and protect our Earth. They are user-friendly, making customers more comfortable.
The only patent extends the products life's span for 100%. It reduces not only the cost but also 20% weight. Reducing tiredness helps improve production capacity. In response to bicycle and automobile locomotive assembly, the needs of pneumatic tools greatly increase. ...
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