The tool industry is developing rapidly and the machine tool industry is achieving coordinated development.

Abstract Efficient cutting tools are productive, not consumables in the manufacturing process. In the developed world, the concept has become a consensus that cutting tools, especially high-end carbide inserts, account for 3% of manufacturing costs – 4%...
Efficient cutting tools are productive during manufacturing and are not consumables. In the developed world, the concept has become a consensus. The proportion of cutting tools, especially high-end carbide inserts, in manufacturing costs is 3% - 4%. Countries are developing modern and efficient tools as an important factor in improving manufacturing competitiveness. means.
In China's manufacturing industry, most enterprises rely on cheap labor as the main means to reduce costs, and less focus on improving efficiency by improving processing methods to save costs. China's manufacturing industry has low tool consumption levels, accounting for only 1% of manufacturing costs. 2%. Materials are the basis for human production and development. From stone tools, bronzes and irons to the era of modern industrialization, the transformation of cutting tools has played a key role in the exploration of the world by mankind.
In the manufacturing powerhouse, the rules for the coordinated and balanced development of modern CNC machine tools and high-efficiency cutting tools, especially carbide tools, are very obvious, providing the manufacturing industry with an optimal configuration and solution to fully utilize the equipment potential. According to relevant data, the annual manufacturing processing cost of the global manufacturing industry has reached more than 400 billion US dollars, of which the tool cost is about 20 billion US dollars. In recent years, the manufacturing industry in developed countries has adopted a large number of modern and efficient cutting tools to increase labor productivity. The annual cost savings for the manufacturing industry is 100 billion US dollars, far higher than the investment in tools. In developed countries, in the normal years of stable economic development, the annual scale of tool consumption is generally stable at around 1/2 of machine tool consumption.
With the continuous development of the market economy, the market demand for China's tool and die industry continues to expand, and the market for high-efficiency cutting tools in China is promising. China's tool industry is developing very fast, and it still maintains the momentum of rapid growth, and is expected to create a new historical high point. The huge market demand is an important factor for the prosperity of China's tool industry. Under the stimulation of consumption, China's tool production scale is constantly expanding.

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