Hardware tool mold market demand will increase

In recent years, China's hardware cutting tool industry has developed rapidly. Comprehensive analysis is mainly to stimulate the momentum of rapid growth under the stimulus of domestic consumption.

Statistics show that in the first half of the year, the domestic tool market achieved a growth rate of 25 to 30. Although the growth rate has declined since the second half of the year, it can still achieve 15 percent growth throughout the year. In comparison, the international tool market has maintained a stable recovery in recent years, but conservative estimates of annual growth rates have remained at about 3 to 5.

The tooling process requires molds for molding processes, which is of great benefit to China's mold industry. In addition, the thermal development of China's hardware tools is inseparable from its strong market demand.

Relevant sources said that in 2012 China's domestic production of knives reached 35 billion yuan, and export cutters reached 8.5 billion yuan, an increase of 21.4 percent year-on-year. According to this growth rate, it is expected that the tool consumption will reach more than 48.5 billion in 2013.

China's knife is expected to create a new historical peak, and the huge market demand is an important factor in the flourishing development of China's cutting tool industry. With the stimulation of consumption, the scale of tool production in China is continuously expanding. With the promotion of the tool market, the market demand for tool dies in China will inevitably increase, which will promote the development of the domestic tool mold industry.