Department store| Analysis of the future development prospects of the tool industry with large space for increasing the scale of tool consumption

　　Department storeIt is understood that the consumption of China's tool market is closely related to the development level and structural adjustment of China's manufacturing industry, with the rapid improvement of China's economic level and the prosperity of modern manufacturing industry, China has become one of the world's largest tool consumers。

　　Cutting tools, also known as cutting tools, known as the "teeth" of machine tool processing。Cutting processing accounts for about 90% of the entire machining workload, and efficient advanced tools can significantly improve processing efficiency and reduce production costs by 10% to 15%。

　　The vast majority of knives are used for machines, but there are also hand tools。Since the tools used in mechanical manufacturing are basically used to cut metal materials, the term "tool" is generally understood as a metal cutting tool。The cutting tools used for cutting wood are called woodworking tools。There is also a special application of a class of tools, used for geological exploration, drilling, mining drilling, called mining tools。

　　Industrial chain analysis

　　The upstream of the tool industry chain is the raw materials for tool production, including tool steel, cemented carbide, ceramics, superhard materials (PCD, CBN), and the middle stream is the production and manufacturing of tools, of which cemented carbide tools account for the highest proportion, accounting for about 53% in 2021。Downstream is the tool application field, including machine tools, automobile manufacturing, mold manufacturing, general machinery, engineering machinery, energy equipment, rail transit, aviation industry and national defense and other industrial manufacturing fields。

　　The data show that the total consumption scale of China's tool market increased from 42.1 billion yuan in 2020 to 47.7 billion yuan in 2021, an increase of 13.3%, another record high。Among them, domestic tools about 33.9 billion yuan, accounting for 71%, an increase of 17%;Imported tools, including foreign brands in China production and sales of 13.8 billion yuan, accounting for 29%, an increase of 5.3%。Domestic tools have increased significantly in the Chinese market, accounting for 2 percentage points more than in 2020。After declining for two consecutive years, the imported tools grew at a low rate, accounting for 2 percentage points less than in 2020。

　　Specifically, the situation of domestic tool production and sales (domestic sales + exports) is as follows: in 2018 (27.3 billion yuan +18 billion yuan) is 45.3 billion yuan;In 2019 (25.7 billion yuan + 18.4 billion yuan), it was 44.1 billion yuan, down 2.6%;2020 (29 billion yuan +18 billion yuan) is 47 billion yuan, an increase of 6.6%;In 2021 (33.9 billion yuan + 22.5 billion yuan) is 56.4 billion yuan, an increase of 20%。

　　The total scale of China's tool imports (including foreign brands produced and sold in China) increased from 13.1 billion yuan in 2020 to 13.8 billion yuan in 2021, an increase of 5.3%。The association said that there is a certain difference between import data and customs data (including year-on-year growth) because the statistical caliber is not completely consistent, and foreign brands have production and sales in China。China's tool exports increased from 18 billion yuan in 2020 to 22.5 billion yuan in 2021, an increase of 25.45%。

　　According to the "Cutting tool industry Patent Analysis Report", tool technology is a comprehensive technology across multiple disciplines and technology update speed, of which the most basic and most core modern tool material technology, coating technology and dedicated digital design and manufacturing technology is in the hands of Sweden, Germany, Japan and the United States。

　　European and American tool enterprises have a long history, strong technical force, to provide customers with overall cutting solutions, products for special customization, strong stability。Japan and South Korea tool enterprise products have high versatility, good stability, high cost performance, and high product recognition。The annual tool consumption scale of Germany, the United States and Japan and other manufacturing powers is about 1/2 of the machine tool consumption, and the scale of China's tool market is larger。

　　Tool industry future development prospects analysis

　　The department store will find out，In recent years, the domestic manufacturing industry has accelerated its transformation and upgrading，Traditional machine tools are being replaced by CNC machines at an accelerating rate，At the same time, with the industrial mother-machine, industrial robot, high-end equipment manufacturing, new energy vehicles, military manufacturing, aerospace and other industries have entered a period of rapid development，The demand for CNC machine tools required for product manufacturing in various industries has ushered in explosive growth，Carbide cutting tools and related products as CNC machine tool processing necessary consumables，The market demand for cemented carbide tools has also been greatly driven up。

　　After recent years of technological innovation, stable product quality and production capacity expansion, domestic tools have achieved a stable replacement for most of the conventional imported tool market。In the face of the high recognition of domestic tools in the domestic and foreign consumer markets, the localization of cemented carbide tools and the high-end process will continue to grow in the customer demand side and the manufacturing supply side。

　　According to the statistics of the China Machine Tool Industry Association, the total consumption scale of China's tool market in 2022 is about 46.4 billion yuan, and the scale of imported tools is 12.6 billion yuan, most of which are high-end tools required by modern manufacturing。The proportion of domestic tools in the Chinese market increased by 1 percent compared with 2021.Eight percentage points。The proportion of imported tools in the Chinese market decreased by 1 compared with 2021.Eight percentage points。To a certain extent, the self-sufficiency of CNC tools in China is gradually increasing, and the speed of import substitution is accelerating。

　　The rapid rise of China's high-end intelligent manufacturing, the acceleration of localization replacement and high-end process, led to the rapid growth of carbide cutting tools and related supporting products demand。The output value of cemented carbide tools and related supporting products in the first half of 2023 was 33.83 million yuan, an increase of 102% over the same period in 2022, and the output value is expected to be 90 million yuan in 2023。

　　Modern cutting puts forward higher requirements for the integrated metal cutting service capabilities of tool enterprises, accompanied by the continuous pursuit of high-speed and efficient processing by modern manufacturing enterprises，The traditional way of supplying standard tools will not be able to adapt to this shift in demand，The ability of tool companies to provide overall solution design and services according to customers' processing costs and efficiency requirements has become particularly important。

　　The above is the tool industry related information brought by the small edition of the department store. If you are interested in this industry, welcome to visit and exchange。

　　Source: China Research Network