Is the lack of matching tools in China's tool market ignored or abandoned? Why is there a lack of good products in China's tool industry? What are the problems in the tool industry?

Who has harmed China's tool market?

In most industrial city, there are some electromechanical product markets. There are many small shops lined up. The signboard says "various tools", "CNC tools", etc. It seems that the market is booming. But does this prosperity reflect the prosperity of the tool market? In fact, most of these stores operate general cutting tools such as ordinary drill bits and turning tools, and their target customer groups are mostly small enterprises or even workshop enterprises.

Severe imbalance in tool structure in China

At present, the annual sales revenue of cutting tools in China is 14.5 billion yuan, of which hard alloy cutting tools account for less than 25%. This is not only far from the product structure of cutting tools in the international market, but also cannot meet the growing demand for hard alloy cutting tools in the domestic manufacturing industry. In the domestic manufacturing industry, the proportion of hard alloy cutting tools has reached over 50%, and the problem of supply and demand structure disconnection is very serious. The consequence is that a large number of surplus high-speed steel cutting tools are exported or sold domestically at low prices.

Three major factors constrain the development of our cutting tool industry

China has abundant labor resources and low costs, which have affected the development and improvement of the cutting tool industry. "The viewpoint of industry insiders may sound surprising at first glance, after all, low labor costs have always been considered an advantage for domestic enterprises. There are many reasons for the current situation of China's tool industry. We cannot blindly criticize tool manufacturing enterprises, and both enterprises and industries are currently improving. We should be confident in the future