Domestic high-end cutting tool market is still in a vacuum state

From the perspective of the supply of domestic tools, domestic tools occupy a dominant position, reaching 65%. We have also achieved outstanding companies such as Zhuzi during these years. Together with the original four major tool factories, there are about 10 key enterprises. From the traditional tools into the modern tool industry, and it has developed well every year, they have entered a period of rapid growth.

According to relevant statistics, only the domestic tool market achieved a growth of 25% to 30% in the first half of 2011. Although the growth rate has declined since July, it can still achieve a 15% growth for the whole year. In comparison, the international tool market has maintained a stable recovery in recent years, but the conservative estimate of the average annual growth rate is only maintained at about 3% to 5%. After the domestic market has experienced rapid growth in the past year, it will gradually maintain a stable year. The average growth rate is between 10% and 15%. Therefore, the domestic tool market capacity growth rate will be more than three times faster than the international market.

China's cutting tool enterprises have already occupied half of the market through continuous learning and strategic planning. However, the company still highlights several fatal problems in the development process. If insufficient attention is paid to improper handling, it will seriously affect the development of the company. And move forward.

Low technological and technological content. At this stage, cemented carbide tools have dominated the tool type in developed countries, with a proportion of up to 70%. However, high-speed steel cutters are being reduced by 1% to 2% per year, and the proportion has fallen below 30%. At the same time, carbide cutting tools have become the main tool required by processing companies in China, and are widely used in the automotive and parts production, mold manufacturing, aerospace and other heavy industries, but China's cutting tool companies are blindly and massively The production of high-speed steel knives and some low-grade standard knives does not take into account the market saturation and the needs of enterprises. Ultimately, the high-end, high-tech cutting-edge tool market has been given away to foreign companies.

The added value of the product is low. In 2007, of the 16,500 tons of hard alloys produced in China, 4,500 tons were used for the production of cutting tools, and the number was comparable to that of Japan. However, the value of finished tools is only US$800 million, which is far less than Japan’s US$2.5 billion. This fully shows that the overall production level of domestic high-performance cemented carbide cutting tools is still quite different from that of foreign countries. Therefore, under the premise that domestic companies cannot meet the market demand, the demand for manufacturing will have to be solved by relying on a large number of imports.