In 2010, China's total domestic production of knives was 29 billion yuan. In addition to supplying the domestic market, it exported 7 billion knives. Although domestic tools accounted for 2/3 of the market share of China's tool consumption market, but the high-end domestic tools represented by modern high-efficiency tools account for only 2 billion yuan, while most of the 11 billion yuan imported tools are High-end tool. This should cause the importance of domestic cutting tool companies.

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 field of aerospace manufacturing, with the wide application of difficult-to-machine materials such as titanium alloys and high-temperature alloys, how to properly select and use cutting tools for efficient and high-quality cutting has become a very important topic in the industry.

Domestically-made cutters should have the advantages of time, place, and humanity in providing tool services for the aforementioned manufacturing fields. In fact, the imported tools basically occupy the high-end users of the machining industry, especially in the automobile engine manufacturing workshop, the aircraft engine manufacturing enterprise machining workshop or the steam turbine manufacturing workshop, and are almost imported tools in the efficient and high-precision machining tools. Monopoly, it is difficult to see the traces of domestic tools. The domestic tools are mostly used in medium and low-demand customer groups, such as agricultural machinery, motorcycles, agricultural vehicles, general machinery, and middle and low-end machinery manufacturing industries.

Not only that, the extensive development of the manufacturing industry has led to an unbalanced development of machine tools and tools. Statistics show that the consumption ratio of CNC machine tools and cutting tools in foreign developed countries is 2:1, while the proportion in China is too low, and the total amount of tool consumption is still not 1/5 of the total consumption of machine tools. Many manufacturing companies spend a lot of money to purchase machine tools, but they are shrinking in tool consumption, and they are reluctant to purchase advanced and efficient tools. The market demand for traditional tools has been high for a long time. This is also an important reason why many domestic tool companies do not want to enter advanced and efficient tool production.

At the same time, we must face up to the gap between Chinese cutting tool companies and foreign companies, including basic technologies, innovation capabilities, promotion capabilities, and service capabilities. The user needs and tool companies should be made to lead in innovation. Leading companies should take the lead in the application of technology. However, some key domestic enterprises and new outstanding private enterprises have made great progress in the development of modern and efficient tools, such as Zhuzhou Diamond, Xiamen Golden Heron, and Arnold Knives. These companies attach importance to technological progress and put services first. , has achieved remarkable results in related fields.