China's cemented carbide cutting tool market is a rare market that can truly be called "globalization." Do not say that the small and well-known tool companies in the industry have set up offices in China or have agents to sell. Even German small companies with only 20 or 30 employees have sold their knives to China. In the market, tool products from Germany, Japan, the United States and other countries can be seen everywhere.

        “The industry concentration of China's carbide cutting tool market is not very high. This is mainly due to the fact that the threshold of the tool industry itself is not high. Many small companies set up several lathes to start production, and in the entire industry boom, The products in the low-end market were in short supply, and they also objectively accelerated the decentralization of the industry."

        According to reports, the industry situation has changed this year, and the days of many low-end and mid-tier companies have begun to deteriorate. But on the whole, the tools are consumables. Even if there are no new machine tools needed to put new tools into the production line, the old machine tools also need tool products. This year's biggest feature is the large consumption of inventory.

        China's cutting tool industry continues to grow at a rapid rate. Behind the rapid development, companies are also soberly aware that the high growth rate of the domestic tool industry is not high in gold, and a considerable part of these companies are at the expense of the environment and based on cheap labor to produce inferior products. The product gets huge profits.

        In recent years, the technological development in many high-end manufacturing fields in China has brought new demands to the tools. For example, automotive tools must have high efficiency, 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, and specializations. The trend of standardization, high speed, and variety of varieties. In the aerospace manufacturing field, with the wide application of difficult-to-machine materials such as titanium alloys and high-temperature alloys, it has become a very important industry topic how to properly select and use tools with high efficiency and high-quality cutting.