Analysis of the Development Prospect of China's Tool Industry as a Whole Market

In recent years, China's cutting tool industry has maintained a rapid growth. After the financial storm, many small-scale enterprises have been closed down, and many new partners have been added. China's cutting tool industry is mixed.

The overall market of China's cutting tool industry has developed rapidly, but there are many low-end products. At the expense of the environment, the use of cheap labor to produce low-quality products to profiteering, the low-end market is in turmoil. In 2010, China's total sales of imported tools and domestic tools reached 33 billion yuan. Which imported modern efficient tool 11 billion yuan, while China's modern high-efficiency tools accounted for only 2 billion.

From the perspective of development trends, the tool industry will usher in its rapid development period in the next five years. China's cutting tool industry is facing a period of transition from low-end products to high-end products. High-precision, sharp and sophisticated cutting tools in the automotive, tooling, aerospace and other industries will be the main directions for the production of modern and efficient tools in China. During the "Twelfth Five-Year Plan" period, China's cutting tool industry will show a state of fierce competition among rivals. The reorganization of state-owned enterprises and the entry of foreign capital are inevitable due to the bankruptcy of poor management. In the face of this severe test, the majority of companies should always be vigilant, and at the same time, two points cannot be ignored:

First, change the traditional concept and accelerate the development of enterprises. The change of concept includes the transformation of management and management ideas and the transformation of innovative production concepts. A sober understanding of how to create greater profits, how can we improve work efficiency, and minimize production costs. Break through the production mode of the traditional field, creatively produce new products that meet the needs of the times, and liberate it from the traditional mode.

Second, empathy, stand to the perspective of consumers to fully understand the current status of the product clearly aware of the deficiencies of the product. The overall structure of the product is backward, the traditional standard tool occupies the major market, and the low-end product market is a common occurrence of counterfeit and shoddy products, but the low-end sales are still very strong. After the product was sold out, there was almost no after-sales service, and the customer could not maintain a good relationship.

During the "Twelfth Five-Year Plan" period, the tool market in China was in a good state The production of modern high-end tools will be a major highlight of the industry's production, and it will also be one of the important yardsticks for future tool companies to enter the global market.