Comprehensive Analysis: Global Tool Market Steady Growth in the Next Five Years

Tools as an important part of the equipment manufacturing industry and the important process equipment in the cutting process determine the processing efficiency, precision, quality and cost of parts in the manufacturing industry. Modern advanced manufacturing technologies are led by user companies. Users in our country must also take this lead, thus stimulating the development of a large number of material suppliers and machine tool suppliers.

On June 23, 2011, it was jointly organized by Zhuzhou Diamond Cutting Tool Co., Ltd. and the Institute of Machinery Industry Information Technology Metalworking Magazine 2011 seminar on advanced manufacturing and tool innovation and the "Science and Technology Innovation Platform" science and technology major special exchange meeting. Shen Zhuangxing, Honorary Director of the Tool and Tool Association Tool Club and former Director of the Chengdu Tool Research Institute, answered questions on the status quo and gaps in the tool industry.

Say some more concerns. In the sale of 33 billion yuan, the imported 11 billion yuan of cutters are all modern and efficient cutters. Of the 22 billion yuan of homemade cutters, only about 2 billion yuan is available for modern efficient cutters, accounting for 10% to 15%. At present, the high-end market is dominated by multinational companies. This is a big problem.

In 2010, the total sales of imported tools and domestic tools reached 33 billion yuan, ranking first in the world. China's cutting tools grew by 40% in 2010, and the growth in the first three quarters exceeded 50%. In 2010, the sales of foreign cutting tool companies in China also grew very well. There is no market demand or development, and there is no market. Demand, this is our biggest advantage.

Tools as an important part of the equipment manufacturing industry and the important process equipment in the cutting process determine the processing efficiency, precision, quality and cost of parts in the manufacturing industry. Talking about the gap with advanced technology, from the perspective of users, I think there are two biggest gaps:

First, the product structure of the entire industry is lagging behind. The traditional general-purpose standard tools still account for most of them, and sales are very good. There are even so-called “low-alloy high-speed steel” blades. The low-grade products are very slow to change, and there are also counterfeits. The problem is very serious. In 2010, China's high and low-end sales are all very good. This phenomenon is worth considering.

Second, on the whole, there are still gaps in equipment, technology and services. Although the equipment conditions and technologies of some companies are improving, they still cannot meet the needs of users. I think the problems are still mainly in service. In terms of solutions, it is not enough to show that the combination of us and users is not good enough. With the premise of “production, research, and research”, now “producing, researching, and researching,” I think that the word “use” should be the head. Modern advanced manufacturing technologies are led by user companies. Users in our country must also take this lead, thus stimulating the development of a large number of material suppliers and machine tool suppliers.

Judging from future development trends, the global tool market is expected to grow by 3% to 5% over the next five years. At this rate of growth, we are still ranked first in the world. From the perspective of the supply of domestic tools, domestic tools occupy the mainstream position, up to 65%. Over the years, we have also made outstanding companies such as Drilling, and together with the original four major tool factories, there are about 10 key enterprises that have all moved from the traditional tools into the modern cutting tool industry and have developed every year. Well, they have entered a period of rapid growth. This is a very good performance.

Milling Machine

A milling machine is a machine tool that uses a milling cutter to mill a workpiece. In addition to milling planes, grooves, gear teeth, threads, and spline shafts, the milling machine can also process more complex profiles. Usually, the milling cutter is mainly based on rotary motion, and the movement of the workpiece and the milling cutter is the feed motion. It is widely used in machinery manufacturing and repair departments. Whether you are using it for industrial manufacturing, equipment maintenance, or machine tool training, you can buy a suitable ordinary milling machine or CNC Milling machine at HOSTON.

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