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Booming China's hardware tool industry
Engraving Tools-Guangzhou Jeefoo Cnc Tools / 2014-11-10
From the last few years, the development of China's hardware tool industry thrive. Comprehensive analyzes primarily at stimulating domestic consumption, to maintain the momentum of rapid growth. Statistics show that only the first half of the domestic market to achieve a tool to grow 25 to 30, although growth has declined since the second half, but still achieve annual growth of 15. In comparison, in recent years, the international market remained stable recovery tool, but a conservative estimate of the average annual growth rate were maintained at 3 to 5 or so. Tool making process needs to mold molding process, which is of great benefit to China's mold industry. Further development of the thermal metal cutting tools, and its strong market demand are inseparable. Official said the total production of domestic knives 2012 reached 35 billion yuan, 8.5 billion yuan of export tool, an increase of 21.4 Click to calculate the growth rate expected in 2013 tool consumption will reach 48.5 billion or more. Our tool is expected to create new highs, the market demand is an important factor in our huge tool industry to thrive. Under stimulate consumption, China's production scale tool is constantly expanding. Under the impetus of the tool market, China's demand is bound to be raised cutter mold, the mold industry will better promote the development of domestic knives.

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