Global hardware tool market demand continues to grow

The demand for the tool market in the world is constantly increasing. Among them, European and North American countries have maintained stable growth, especially in Eastern European countries. The Asian market has picked up slightly. The market has great potential. The Latin American market has grown significantly, especially Mexico. In response to this, in the past year, the slow growth in the demand for the tool market was mainly due to the increase in tool life. Then there was a demand for the entire manufacturing process, replacing many machine tools and tools. And the use of multi-purpose tools has increased, replacing many simple tools that used to be single-function.

In the future, the user will place greater emphasis on the research and development of the tool in the production plant, not only in the field of materials and surface coating technology, but also in the production of cutting tools and their production processes. The focus on production practices will help tool manufacturers increase their Familiar with the market competitiveness in the field.

The demand for the global hardware tool market continues to grow In terms of technology updates, carbide tools have gradually replaced high-speed steel tools, especially circular tools.

The application of coated cutters is becoming more and more common. In Europe, the market for new cutting tools for high-speed machining continues to increase. The dynamics of the manufacturers. Judging from the cooperation mode of tool manufacturers, many large companies will emerge in the high-tech market.

At present, the domestic market has a large demand for medium-to-high-grade molds. According to forecast, during the “Twelfth Five-Year Plan” period, the general trend of the mold market will be steadily upwards, but domestic molds must meet the needs of users in terms of quality and delivery time. Moreover, the home appliances, automobiles, and plastic products industries have the greatest demand for molds. In the international market, labor costs in industrialized countries have increased in recent years and they are being transferred to developing countries, especially Southeast Asian countries. Its domestic production of high-precision molds, labor-intensive labor-intensive molds rely on imports to solve.

Therefore, the medium and low-end mold international market has great potential. As long as the quality of domestic molds can be improved, the delivery date can be guaranteed, and the outlook for mold exports is very optimistic. In addition, the demand for mold standard parts in the international market is also large. At present, China has only a small amount of exports.

In the new wave of world economic integration, the global manufacturing industry has accelerated its shift to mainland China, and China will gradually develop into a world-class manufacturing base. The obvious advantages of Guangdong, especially the Pearl River Delta region, will develop into a global mold production center within 10 years. At the same time, due to the fact that China has imported molds for nearly US$1 billion per year in recent years, among which the precision, large-scale, complex, and long-life molds account for the majority, starting from the perspective of reducing imports, the proportion of such high-grade molds and hardware tools in the market will gradually increase. Increase. In the future, China's mold and CNC tool industry will also be among the best in the world.