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Domestic manufacturing industry's demand of carbide tools have occupied more than 50% of the tool

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Update time : 2016-11-18 11:06:31
Carbide cutting tools also has become the processing enterprises' main tool in china, it is widely used in automobile and spare parts production, mold manufacturing, aerospace and other heavy industry, but China's tool enterprises are blindly, mass production of high-speed Steel knife and some low-grade standard tool, did not take the market saturation and business needs into account, and ultimately hand over high value-added, high-tech content tool market to foreign companies.

Data show that the current annual sales of China's tool is about 14.5 billion yuan, of which the proportion of carbide cutting tools less than 25%, but the domestic manufacturing demand of carbide tools have occupied more than 50% of the tool, which Blind production has seriously failed to meet the growing demand for carbide cutting tools in domestic manufacturing industry, form a high-end market in the vacuum state, and ultimately occupied by foreign companies.

Therefore, in the premise of domestic enterprises can not meet the demands of market ,  manufacturing industry's demands will have to rely on a large number of imports. Data show that the major foreign sales in China's high-end tool market with 30% annual sales growth rate, more than the average annual sales growth rate of domestic cutting tools.