Global Tool Market Rapid Growth Sino-U.S. Competitiveness Global machinery, automotive, aerospace, energy, medical, rail transportation, mold and machine tools and other industries are indispensable for tool equipment. Judging from future development trends, the global tool market is expected to grow by 3% to 5% over the next five years. With this growth rate, we are still ranking the world's number one spot. 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 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. Data show that in 2010 China's total domestic production of knives was 29 billion yuan, in addition to supplying the domestic market, exports of tools 7 billion yuan. In the same year, China's 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.
In the sales of 33 billion yuan, the imported 11 billion yuan of cutters are all modern and efficient cutters. Of the 22 billion yuan made in domestic cutters, only about 2 billion yuan is available for modern high-efficiency cutters, accounting for 10% to 15%. The foreign brand tool sales accounts for 1/3 of China's tool consumption. This shows that while China has become the world's most promising tool market, high-end markets are occupied by multinational companies. This is a big problem.
In 2011, the domestic tool market maintained rapid growth and it is expected to create a new historical high. Statistics show that only the first half of the domestic tool market achieved a growth of 25% to 30%. Although the growth rate has declined since July, it can still achieve 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 has become the world's most promising tool market, and many multinational tooling groups are also in the development strategy of the post-crisis era. Without exception, all of them have made cutting tool sales in China the top choice. Each company’s Asia Pacific headquarters and R&D Centers, training centers, logistics centers, etc. have all settled down in China, and China has been taken as the center to radiate into Asia, serving customers more directly and conveniently to better meet the special needs of customers in the Asia Pacific region. Analysts believe that the reason why the Chinese market will receive such attention is that the market share in the Chinese market accounts for an increasing proportion of its global market share. In order to firmly grasp the Chinese market, foreign tool manufacturing companies are carefully studying the needs of China's equipment industry. For example, Seco Tools set up the Industry Development Department this year, aiming to study the industry and focus on providing typical parts processing for the industry. solution. The technical experts of this department are each responsible for a key industry, pay attention to the development of the industry, solve the technical problems of tool application in the industry, and provide tool application training to customers in this industry from time to time.
Steve Morency, president of the US Cutting Tool Association USCTI, said that from a global perspective, the market is quite busy from North America to some parts of Europe and most parts of Asia. At the recent EMO2011 machine tool show, participants seemed to be looking for a solution that could solve production problems, not just casual purchases. The sales of machine tool manufacturers at the show seemed quite strong. Many industries offer growth opportunities Aviation, especially commercial aircraft, automotive, medical, and energy industry developments are on the rise. Undertake machinery and equipment, bearings, hydraulic lifts, investment joining, and other industry network propaganda, network promotion, news release and so on.
In the sales of 33 billion yuan, the imported 11 billion yuan of cutters are all modern and efficient cutters. Of the 22 billion yuan made in domestic cutters, only about 2 billion yuan is available for modern high-efficiency cutters, accounting for 10% to 15%. The foreign brand tool sales accounts for 1/3 of China's tool consumption. This shows that while China has become the world's most promising tool market, high-end markets are occupied by multinational companies. This is a big problem.
In 2011, the domestic tool market maintained rapid growth and it is expected to create a new historical high. Statistics show that only the first half of the domestic tool market achieved a growth of 25% to 30%. Although the growth rate has declined since July, it can still achieve 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 has become the world's most promising tool market, and many multinational tooling groups are also in the development strategy of the post-crisis era. Without exception, all of them have made cutting tool sales in China the top choice. Each company’s Asia Pacific headquarters and R&D Centers, training centers, logistics centers, etc. have all settled down in China, and China has been taken as the center to radiate into Asia, serving customers more directly and conveniently to better meet the special needs of customers in the Asia Pacific region. Analysts believe that the reason why the Chinese market will receive such attention is that the market share in the Chinese market accounts for an increasing proportion of its global market share. In order to firmly grasp the Chinese market, foreign tool manufacturing companies are carefully studying the needs of China's equipment industry. For example, Seco Tools set up the Industry Development Department this year, aiming to study the industry and focus on providing typical parts processing for the industry. solution. The technical experts of this department are each responsible for a key industry, pay attention to the development of the industry, solve the technical problems of tool application in the industry, and provide tool application training to customers in this industry from time to time.
Steve Morency, president of the US Cutting Tool Association USCTI, said that from a global perspective, the market is quite busy from North America to some parts of Europe and most parts of Asia. At the recent EMO2011 machine tool show, participants seemed to be looking for a solution that could solve production problems, not just casual purchases. The sales of machine tool manufacturers at the show seemed quite strong. Many industries offer growth opportunities Aviation, especially commercial aircraft, automotive, medical, and energy industry developments are on the rise. Undertake machinery and equipment, bearings, hydraulic lifts, investment joining, and other industry network propaganda, network promotion, news release and so on.
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