In recent years, efficient and advanced machining tools used in our country, most of which are imported from abroad of foreign-funded enterprises in China with the production tool. We now also export a lot of tools, but mostly cheap low-end standard tool. In 2004, China produced about 2.5 billion tool which 2,000,000,000 are cheap low-grade tool majority of exports, exports are still a few years after that is basically middle and low tool.

In the U.S. market, medium size twist price of about $ 10 each, while China’s production of low-end market price is only $ 1 twist, is used as a hand tool. China is now the world’s first automobile industry scale, but the auto industry from abroad efficient production lines, used in 80% to 90% of the tool is still a foreign import tool with domestic products.

Now our production, supply and marketing tool is that high-end advanced tool products mainly rely on imports from abroad, while the expansion of low-grade malignancy, most export tool products, this situation must be changed as soon as possible. The production of a large number of China’s machinery manufacturing using standard tools, while developed countries extensive use of efficient and advanced tools, resulting in China’s processing efficiency is much lower than abroad.
Now our tool factory to mass production of the traditional standard tool based. From a technical point of view machinery manufacturing trends, the future of the plant in the proportion of high-performance CNC machine tools will increase year by year, the demand for efficient and advanced tool will subsequently increased rapidly, while the traditional standard tool requirement will be reduced year by year.
The past 10 years, China’s tool industry sustained rapid growth, has experienced the winter of 2009 and spring of 2010 financial turmoil, although the closure of many small businesses, but increased the number of new partners, now is still a strong momentum of rapid development , Joy and sorrow, the industry divided.
Behind the rapid development of enterprises are keenly aware that the high growth rates in the domestic tool industry is not high gold content, of which a considerable part of the business at the expense of the environment, based on cheap labor to produce inferior products to reap huge profits. Twist drills, taper shank drills, taps, milling cutters and other low-end market, a blade melee, slow growth and high-end products, the automotive industry, mold industry, aerospace and other industries, fine, sharp knives most complex dependence on imports.

At present, China has begun to shift metal cutting tools from high-speed steel cutting tools carbide cutting tools for the development and production, but the efforts were not enough, still low in the majority. Therefore, the transition to high-end products as a very important task for imperative, especially the U.S. economic slowdown, weak European market, low-grade tool exports, from the perspective of energy and raw materials, large exports of low-grade tools are outdated Government does not give power. China Machine Tool Industry Association statistics from showed that: 40% of worldwide consumption of tools and materials, sales revenue was only 12% to 15% of the world’s tools.

To this end, the development of “second five” of the tool industry will show the following trend:
(1) unstoppable momentum of rapid development, due to the macro-control, but still in the stage of sustainable development.
(2) “speed, accuracy, efficiency, and environmental protection” has become the industry consensus.
(3) crowded, competition is fierce. SOEs restructuring, foreign companies have settled, the rise of private enterprises, survival of the fittest, poor management, it is inevitable bankruptcy.