The domestic economic situation has changed, and the state of the tool industry has also reversed. Domestic tool companies will face more intense competition. Since the market share of domestic high-speed and high-efficiency tools is only 10%, for domestic tool companies, their greater competition comes from foreign counterparts such as Sandvik, Kenner and Seco. These foreign companies not only set up sales outlets in China, but also directly invested in setting up factories to directly target high-end users in China, which caused great pressure on domestic enterprises. Since 2008, there has been a decline in automobile production and a decline in the products of the related mold industry. It is estimated that this market will be transmitted to the tool industry in 2009.
In the past few years, advanced manufacturing has been listed as a key priority area in China. High-end CNC machine tools and basic manufacturing technologies have been included in one of the 16 major special projects. Various policies and measures are also full of hope for the development of the CNC machine tool industry. However, building and manufacturing a strong country requires not only CNC machine tools, but also advanced tools. In the process of machining, the tools that directly interact with the object being processed are the tools. China is a big country with a knife, and the growth potential of the tool is very promising. If all the advanced machine tools owned by China use high-performance ceramic knives, the annual consumption will reach 5 million pieces, calculated at 30 yuan per piece, with a total value of 150 million yuan. This is just a knife for machine tools. The demand for tool products in China's automobile industry and aerospace industry is also growing.
The development of the tool industry is only a matter of time.
After the founding of the People's Republic of China, the tool industry was set up in the Soviet model. The company was only responsible for the production of standard tools. Non-standard tools and special tools were handed over to the user industry for research. However, with the rapid development of the manufacturing industry, the current trend is that tool companies need to provide a large number of individualized solutions, and this model of the domestic tool industry is increasingly unable to adapt to market demand. Therefore, a large part of China's tool market, especially the high-end market, has long been occupied by foreign manufacturers, and the development of the tool industry is only a matter of time.
Distribution of domestic hardware tools market China's hardware tools market is mainly distributed in Zhejiang, Jiangsu, Shanghai, Guangdong and Shandong, with Zhejiang and Guangdong being the most prominent. Zhejiang Yongkang has always been known as the “hometown of hardwareâ€, and has gathered more than 6,000 mold companies around Shenzhen and the Pearl River Delta region, employing more than 100,000 people.
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