Similar to the entire machine tool industry, most of the high-end market in China's tool industry is occupied by imported brands. Of China's total tool consumption of 42.1 billion in 2018, imported tools (including overseas brands produced and sold in China) were 14.8 billion, accounting for 35%. In the face of increasing operating pressure in 2019 and beyond, cutting tool companies are trying to explore the path of transformation and upgrading.

Widen the field of users. For the development strategy and forecast of the second half of 2019, the decline of the automobile manufacturing industry in the first half of the year affected the growth forecast to a certain extent. In the second half of the year, it will increase its efforts to expand the user area, targeting the energy and power industry, construction machinery, electronics and aerospace. At the same time, we must meet the requirements of more automotive manufacturing companies to reduce costs and increase efficiency, and improve product quality and stability; in the next few years, we will work hard to improve our strength, consolidate the foundation, and seize opportunities. , Stand out in the wave of transformation and upgrading.

In the field of construction machinery and rail transportation, the demand for traditional tools, especially large-size tools, has increased, such as large-size high-speed steel drills, large-size spiral groove taps larger than M36, and overall hard alloy deep-cooled twist drills And other products, the market demand has increased.

Regarding the future development prospects of the industry, most companies can rationally look at the current situation and future trends, and are full of confidence and expectation on the state's support for entities, tax and fee reduction policies. At the same time, he said that according to its own characteristics and the industry situation, it will actively take practicable and important measures to improve product technology and quality, strengthen management, promote the integration of the two industries, and participate in the construction of information technology. Take the initiative to better develop domestic tools, strive to achieve import substitution, and make greater contributions to the revitalization of the machine tool industry.