Analysis of Tool Mold Industry in China

China's cutting tool industry is developing very fast. Currently, it is still adhering to the momentum of rapid growth, and is expected to invent a new historical highest point. Statistics show that only the first half of the domestic tool market achieved a 25% to 30% growth, despite the increase from the second half of the year. The rate of decline has slowed, but it still can achieve 15% growth throughout the year. In comparison, the international tool market has maintained a stable recovery in recent years, but the average annual growth rate is estimated to remain in the range of 3% to 5%. On the whole, the development of domestic hardware tools is booming. The tooling process requires molds to form the molding process, which is of great benefit to China's mold industry.

The vigorous development of China's hardware tools is inseparable from its strong market demand. In 2012, the total sales of domestic tools reached 48.5 billion yuan, a year-on-year increase of 20.5%. According to relevant data provided by the tool branch, in 2012, the total production volume of China-made cutting tools reached 35 billion yuan, and imports cutters reached 8.5 billion yuan, a year-on-year increase of 21.4%. The huge market demand is an important factor in the development of China's cutting tool industry. Under comfort, China's tool production scale is expanding from time to time, driven by the tool market, China's market demand for tool molds will certainly be improved, will promote the domestic tool mold industry to develop better.