With the rapid development of Egypt’s manufacturing and export trade, the hardware forging industry is also gradually expanding. However, Egyptian hardware forging enterprises still need to overcome many obstacles and formulate feasible development plans in the face of domestic and foreign market demand and competition.
Market situation:
At present, the Egyptian hardware forging market has a certain scale, especially in the fields of construction, chemical industry, power, transportation, etc. However, the overall technological level and brand awareness of Egyptian hardware forging enterprises are not high, there is a big gap in the industrial chain, which leads to low product added value and difficult to meet the demand of high-end market, at the same time, facing the pressure of domestic and foreign market competition.
Development direction:
In terms of policy, the Egyptian government has given tax breaks and other support to industries such as metal smelting and hardware products to promote the development of manufacturing. The Egyptian government has also launched the “2030 Industrialization Strategy” plan, which proposes to promote industrial upgrading and increase industrial added value through technology promotion, knowledge transfer, and specialized training.
In terms of technology, Egyptian hardware forging enterprises need to strengthen their technological research and development capabilities, increase product added value, and improve production efficiency and competitiveness through optimized production processes, promoting the application of artificial intelligence and other means.
In terms of market, Egyptian hardware forging enterprises should expand the international market, create international brands, and enhance their influence in the global market. At the same time, they should strengthen market research in the local market and launch products that meet the needs of consumers.
Conclusion:
The development potential of the Egyptian hardware forging industry is huge, and it requires cooperation among governments, enterprises, scientific research institutions, and others to accelerate progress in technological research and development, marketing, and other aspects, while attracting more international investment and technological cooperation.
