In recent years, Drill Bits, Carbide End Mills etc China's tool industry is growing very fast, and still maintained a momentum of rapid growth, and is expected to create new highs. The statistics show that only the first half of the domestic tool market growth of 25 to 30, since the second half of the growth rate has dropped slightly, but the whole year will still be able to achieve a growth of 15. In comparison, in recent years, the international tool market remains stable recovery, but the average annual growth rate is a conservative estimate were maintained at about 3 to 5.
Overall, China's hardware tool booming, tool making process needs to die molding process, which is beneficial to China's mold industry. In addition to the thermal development of metal cutting tools in China, with its strong market demand are inseparable. The tool branch provides the data also showed that in 2012 China's total production of the domestic knives reached 35 billion yuan, export tool 8.5 billion yuan, an increase of 21.4. Click the growth rate calculation is expected to the 2013 tools consumption will reach 48.5 billion.The huge market demand is an important factor in our tool industry to thrive. Stimulation of consumption, our tool production scale is expanding. The promotion of the tool market, the market demand of China cutter mold will inevitably be raised domestic tool mold industry will promote better development.