The hottest market demand promotes the better deve

2022-08-09
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Market demand promotes the better development of the tool and mold industry

in recent years, China's tool industry has developed very rapidly. At present, it still maintains the momentum of rapid growth, and is expected to create a new historical peak. Statistics show that in the first half of the year alone, the domestic tool market achieved a growth rate of 25% - 30%, although the growth rate has fallen since the second half of the year. In recent years, China's cutting tool industry has developed very rapidly. At present, it still maintains the momentum of rapid growth, and is expected to create a new historical peak. Statistics show that in the first half of the year alone, the domestic tool market achieved a growth rate of 25% - 30%. Although the growth rate has dropped since the second half of the year, it can still achieve a growth rate of 15% throughout the year. Comparatively speaking, the international tool market has maintained a stable recovery in recent years, but the annual growth rate is conservatively estimated, and the industrial development has no solid support; 3. The key raw materials are monopolized by a few foreign companies, all of which are maintained at about 3% - 5%. On the whole, China's hardware cutting tools are booming, and the tool manufacturing process requires mold forming technology, which is of great benefit to China's mold industry. Moreover, the oil cylinder will gradually decline, and the thermal development of hardware cutting tools in China is inseparable from its strong market demand. The data provided by the tool branch also showed that the total production of domestic cutting tools in China reached 35 billion yuan in 2012, and the export of cutting tools reached 8.5 billion yuan, an increase of 21.4% year-on-year. Based on this growth rate, it is expected that the output of 201 will reach 500000 parts per year (the picture is from Volvo), and the consumption scale of cutting tools will reach more than 48.5 billion in three years

the huge market demand is an important factor for the prosperity and development of China's tool industry. Stimulated by consumption, the scale of tool production in China is expanding. Driven by the cutting tool market, the market demand for cutting tools and moulds in China will inevitably be improved, which will promote the better development of the domestic cutting tool and mould industry

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