In 2011, the domestic market tool size reached 40 billion yuan.
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Judging from the final statistics, although some SMEs producing low-end products experienced a sharp decline in orders in the second half of 2011, and even production and sales were in trouble, most high-end products continued to maintain strong growth momentum. In combination, it maintained a high growth rate throughout the year and created a new historical high point.
Brands and services have become the key to gaining user support and recognition in the market situation in the second half of 2011, and some domestic tool companies with innovative capabilities are also ahead of their peers, not only in sales, but also in sales. Supporting the industry's important growth throughout the year.
"It is worth noting that although in terms of market share, domestically produced knives still account for 66.25%, firmly occupying the dominant position in the market, but the high-end products that can compete with imported knives in domestic knives are only over 2 billion yuan. Less than 10% of the total. Under the same growth rate, the growth of domestically produced tool sales is still dominated by low-end products.†Shen Zhuangxing, honorary chairman of the Tooling Industry Association of China Machine Tool Industry Association, said in an interview, Most of the imported products based on modern high-efficiency tools still account for a small part of the high-end products.
However, it can be seen from the statistics that the demand for high-end tool products still maintains a strong momentum, and the demand for modern high-efficiency tools in the domestic manufacturing industry is growing faster than the low-end tools. "Not only the market share of high-end tool products is getting higher, but the proportion of high-end products in domestic tools is also on the rise." Shen Zhuangxing thinks so.
On the one hand, in the traditional manufacturing field, the dual requirements of high labor costs and improved production efficiency have led many companies to actively adopt advanced machine tools. The demand for tools in domestic manufacturing is shifting from medium to low-end to high-end. For the main shift, the demand for modern high-efficiency tools will be significantly accelerated. On the other hand, due to factors such as cost pressure, domestic high-end manufacturing industries will gradually shift some high-efficiency tool orders from foreign companies to domestic tool companies, replacing them with domestically produced tools with comparable performance. It is also becoming a trend.