In recent years, China's cutting tool market maintained a rapid growth trend, and is expected to create new all-time highs. Statistics show that only the first half of 2012 domestic tool market will achieve the growth of 25% ~ 30%. In comparison, in recent years, the international market maintained a stable recovery tool, but a conservative estimate an average annual growth rate remained at about 3% ~ 5%.
Overall in developing the hardware tool, cutting tool in the process of production need to mold for molding process, the mould industry is beneficial to our country. Furthermore the hardware tool thermal properties of the development of our country, with its strong market demand are inseparable. According to understand, 2011 domestic tool sales totaled 26.5 billion yuan, up 20.5% from a year earlier. Data at the same time, according to China's 2011 total domestic tool production reached 35 billion yuan, export tool of 8.5 billion yuan, up 21.4% from a year earlier. Calculated on the growth, is expected to reach more than 48.5 billion 2012 tool consumption scale.
Huge market demand is one of the important factors, China's tool industry thrive under the stimulation of consumption, China's cutting tool production scale is expanding constantly, the cutting tool market, driven by the knife mould in China market demand is bound to be improved, will largely promote the development of domestic die industry.