Analysis of market status and market demand of cutting tools in China in 2017

       Market experts in 2017 China cutting tools market development status of market demand saturation analysis, China's tool industry is facing the situation, there are still some outstanding contradictions and problems need to be solved in the development of manufacturing industry, strong demand in the domestic market driven, domestic tools have great potential and good prospects for development. For this reason, the medium and long term development of the tool industry is to speed up structural adjustment, solve outstanding contradictions and meet market demands.

With the manufacturing industry in developed countries transferring to China on a large scale, the domestic manufacturing industry also accelerated the pace of technological transformation, so domestic CNC machine tools began to enter a large number of manufacturing areas.

At this stage, carbide cutting tools in developed countries have accounted for the dominant position of the tool type, the proportion of up to 70%. The high-speed steel cutting tools are being reduced by 1% to 2% annually, and the proportion has been reduced to less than 30%.

At the same time, the hard alloy cutting tools in China has become the main tool required for processing enterprises, is widely used in the production of auto parts, mold manufacturing, aerospace and other industrial fields, but our tool enterprises blindly, but a large amount of production of high speed steel and some low-grade standard tools, with no consideration the saturation of the market and enterprises need to end with high value-added, high-tech high-end tool market of foreign companies to hand over.

Then, a sharp contradiction quickly surfaced, advanced CNC machine tools can not match the advanced domestic cutting tools, have to be equipped with imported tools.

Analysis of the current situation of the development of the market demand saturation China cutting tools market in 2017; the spirit of the nuclear network Market Research Institute released the "2017-2022 China cutting tool industry development status and investment outlook report" pointed out: in recent years, China's tool industry development is very rapid, still maintained a momentum of rapid growth, and is expected to create the highest point new history.