Cabinet industry development needs transformation and upgrading

The cabinet industry is currently undergoing a crucial phase of transformation and upgrading, aiming for higher quality and more advanced development. This transition has revealed several challenges, such as overcapacity in production, limited space for expansion, and the difficulty of sustaining growth through simple scaling. Traditional methods of extensional development—relying on investment and volume increases—are no longer sufficient to meet the demands of this new stage. Since the end of the reform and opening-up era, the cabinet manufacturing sector has experienced remarkable growth by adopting foreign technologies and equipment. This allowed the industry to quickly catch up with global standards. A key factor behind this success was the ability to leverage existing technologies and management practices, which helped maximize productivity and efficiency. However, as the catch-up phase comes to an end, access to ready-made foreign technology is becoming more limited. The general level of technology and equipment can no longer keep pace with the evolving needs of the industry, especially when it comes to advanced technologies that offer competitive advantages. This slowdown in growth is a natural and inevitable phase for the industry. With China's per capita GDP now exceeding $6,000 and the country transitioning into the middle-income bracket, it is facing the so-called "middle-income trap." This is also the peak period for industrial product growth, and it is only natural that the rate of growth will slow down. The cabinet industry must be prepared for this shift, understand it calmly, and avoid unrealistic expectations of rapid development. Instead, the focus should be on structural adjustments, innovation, and industrial upgrades to drive sustainable growth. Overcapacity in the industry stems from multiple factors, including a lack of innovation, blind following of trends, and low-level replication. Many companies engage in redundant construction, leading to market saturation and homogenized products. While overcapacity is partly a result of market competition, it is also a sign that the industry is maturing. The core issue lies in the mismatch between supply and demand, highlighting the urgent need to elevate the quality and sophistication of production. Historical economic data shows that domestic demand for manufactured goods tends to decline as a country completes its catch-up phase. The peak of industrial growth is closely tied to the stage of economic development, particularly per capita GDP levels. In China, the current per capita GDP is approaching the threshold where industrial growth begins to stabilize. This trend is expected to apply to the cabinet industry as well, reflecting a broader economic pattern. To address these challenges, the industry must thoroughly analyze the root causes of overcapacity, make informed and rational investments, avoid盲目 (blind) expansion, and raise entry barriers to prevent the creation of new overcapacity. By doing so, the cabinet industry can move toward a more sustainable and high-quality development path.

MEDIVM DENSITY FIBERBOARD

MDF Medium Density Fiberboard Sale Wood Style Surface Interior Furniture board

Medium Density Fiberboard,Osb Board Laminated Particle Board 9mm,High Quality Osb Board,High Quality Lsb Board

Linyi Lanshan Weipu Rubber Factory , https://www.weipuwood.com