Sales income of household electric tools

Sales income of household electric tools



In China, with the promotion of the overall well-off society and the urbanization level, the residents' consumption level and quality requirements are gradually improved. The rapid development of the real estate industry has given birth to a large number of demands for the renovation of old houses and home decoration. The improvement of the per capita allocation level of motor vehicles has also increased the demand for after-sales maintenance of vehicles. The improvement of people's requirements for decoration and maintenance quality has brought unprecedented development opportunities to the household power tool industry. In 2019, the sales revenue of domestic electric tools in China reached 56.5 billion yuan, and still showed a rapid growth trend. It is expected that the sales revenue of domestic electric tools in China will reach 86.6 billion yuan in 2022.