Hardware tool market reshuffle

According to relevant data, in 2012, the total production volume of China-made cutting tools reached 35 billion yuan, and export cutters reached 8.5 billion yuan, an increase of 21.4 percent year-on-year. According to this growth rate, it is expected that the tool consumption will reach more than 48.5 billion in 2013.

The huge market demand is an important factor for the flourishing development of China's cutting tool industry. With the stimulation of consumption, the scale of tool production in China is continuously expanding. With the promotion of the tool market, the market demand for tool dies in China will inevitably increase, which will promote the development of the domestic tool mold industry.

Faced with the great opportunities for the reshuffle and rapid development of China's tool industry, and the challenges brought by foreign cutting tool companies' large-scale entry into the domestic market to squeeze domestic market space, how should domestic CNC tool companies face such opportunities and challenges? Jin Monet CEO Luo Baihui believes that playing a leading role in the market economy of enterprises has a crucial significance for the current tool industry. In the development from the traditional standard tool to the modern high-efficiency tool, the tool manufacturing enterprises are undergoing a painful and difficult transformation process that is completely different and uncertain. The process of this change is also at the level of the tool production enterprise. Divide. Whether it is from the survival space of China's cutting tool industry or from the overall needs of China's entire manufacturing industry to improve competitiveness, it is imperative for tool companies to accelerate structural adjustment and promote the development of modern and efficient tools.

At present, many domestic tool companies are not enthusiastic about the development of high-end products and technologies in the face of structural adjustment. We cannot force the entire industry to change the status quo in a matter of moments, and we must give these companies more opportunities to use and trust, I believe in the near future. In the future, China's CNC tools will grow rapidly and gradually show its own style.