According to reports, the demand for the tool market in the world is growing. Among them, Europe and North America have stable growth, especially in Eastern Europe. The Asian market has rebounded slightly, the market potential is very large, and the Latin American market has grown significantly, especially in Mexico. At present, the world's cutting tool sales exceed 10 billion US dollars, and the industrially developed Europe, North America, Japan and Australia three markets account for 75% to 80%.
In Asia, China is also an important market. According to forecasts, China's tooling demand is between RMB 7 billion and RMB 8 billion. Among them, high-precision, high-efficiency and high-reliability modern tools, such as hard alloys and ceramics, can be used for indexing tools. 100 million yuan, of which 80% to 85% are imported, and more than 90% of tool imports used in mold manufacturing. In the past year, the demand for the tool market has grown slowly, mainly because of the increased tool life, and the need for users to address the entire manufacturing process, replacing many machine tools and tools. As well as the increasing use of multi-tools, it has replaced many simple tools with single functions. In the future, users will pay more attention to the research and development of tools in the production plant, not only in the field of materials and surface coating technology, but also focus on production practices in tool products and their production processes, helping tool manufacturers to increase their familiar areas. Market competitiveness.
From the perspective of tool product technology, Japan's DIJET, BIG, OSG, Sumitomo Electric, Hitachi Tools' newly developed high-speed and high-hardness tool can be processed to the hardness of HRC70, and Toshiba Tailuo's fist product TAC fast milling cutter series carbide tool Gradually replace high-speed steel tools, especially round tools. The application of coated tools such as Kennametal Tools, Sweden SANDVIK, Seco Tools SECO, and SPINNER Inc. is becoming more and more popular. Zhuzhou Diamond Tools, a well-known Chinese tool and measuring instrument, and Guilin Guanglu Digital Measurement and Control Co., Ltd. also provided newly developed products and participated in international competition. The market share of new tools for high-speed machining continues to grow.
Judging from the cooperation mode of tool manufacturers, there will be many strong companies in the high-tech market.  

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