With the rapid development of China's automotive, aerospace, military, mold, refrigeration, power and other precision manufacturing, the demand for the quantity and quality of metal processing tools has also increased rapidly. The industry estimates that China's tool market is about 20 billion yuan (about 25 billion US dollars in the global tool market), the domestic high-end tool market is about 5 billion yuan, but so far, the high-end market is basically occupied by imported tools.

In recent years, the domestic tool market has leaped forward, and sales have risen steadily, showing a scene of increased competition despite the increase in competition. There are some tool companies in China such as Zhunzhu, Jinlu, etc. After years of tempering and hard work, they have laid a good foundation. These enterprises attach importance to technological progress and product quality is stable, and are gradually replacing imported products.

Domestically produced tools are mostly used in medium and low-demand customer groups, such as agricultural machinery, motorcycles, agricultural vehicles, general machinery, and low-to-medium machine manufacturing industries. The added value of these industrial products is relatively low, so the requirements for processing accuracy have to be relaxed in order to use machines and tools that are cheaper but have lower precision and efficiency. Although the amount of these fields is large, the market is not small, but the added value of the tool is very low. There are a lot of Chinese tool companies, but most of them are “low level of repetition”.

On the other hand, the level of competition has become more distinct. Foreign tools are basically only competing with foreign tools, and domestic tools are basically only competing with domestic tools. In some important areas, the technical level of domestic knives is quite different from that of foreign counterparts.

The product level of domestic machine tool enterprises has been increasing year by year, while the products of some foreign tool companies have also entered China in large quantities, and they continue to invest and build factories in China. China's tool market is a rare market in the world that can truly be called globalization. Internationally large and small tool companies have set up offices in China or sell them through agents. There are knives from Germany, Japan, the United States, Israel, South Korea, Sweden, France, Italy, Spain and other countries. These imported tools basically occupy high-end customers in the machining industry. Especially in automobile engine manufacturing workshops, aircraft engine manufacturing enterprise machining workshops or steam turbine manufacturing workshops, high-efficiency and high-precision machining tools are almost monopolized by imported tools, and it is difficult to see the traces of domestically produced tools.

Technological developments in several high-end manufacturing areas have brought new demands to the tool. For example, automotive tools must be characterized by high efficiency, high quality, high stability and specialization. With the continuous development of the automotive industry, new requirements have emerged. From a technical point of view, there are mainly heavy-duty, composite, Specialization, standardization, high speed and variety diversification. In the field of aerospace manufacturing, with the wide application of difficult-to-machine materials such as titanium alloys and high alloys, how to correctly select and rationally use tools for efficient and high-quality cutting has become a very important industry topic. With the mutual promotion of workpiece materials and tool materials and structures, the aerospace manufacturing industry has been continuously developed. It can be said that the continuous development of cutting tools is the driving force for the continuous development of the aerospace manufacturing industry.

After the market participants increase, the competition will become fierce and the pressure will be greater. In particular, the market demand for cost-effective products also makes it possible to effectively control and reduce manufacturing costs, which are the major issues facing various application industries. Carrying out continuous improvement in technology, management and other aspects of the enterprise. Of course, this pressure will certainly be transmitted to the upper and lower ends of the supply chain. Therefore, new demands are placed on the tool industry, such as further reducing manufacturing and sales costs, and further improving Product performance, etc. Therefore, in the face of fierce competition, in order to expand market share, tool companies must work hard to improve product performance, ensure product quality, reduce product cost, and improve product cost performance. Several suggestions are made for this: to strengthen research and development of tool standardization; to continuously upgrade tool manufacturing technology and equipment level; to strengthen the design and development of composite tools; to strengthen cooperation, to provide complete cutting machining solutions to meet customer requirements; The product has a full range of quality from the inside out; attaches importance to intellectual property; and plays the service function of the industry organization.

This year is the first year of the "Twelfth Five-Year Plan". Regardless of the size of the enterprise, the key is to be market-oriented, always in times of danger, not satisfied with the status quo, and constantly "discover, invent, create, advance." At the same time, we must also consider the characteristics of the company, minimize blind investment and redundant construction, so that the development of the enterprise is truly specialized, and it will also be supported by relevant parties and has broad prospects for development.
 

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