Growth in Europe and North America is stable, especially in the tool market in Eastern Europe.

The demand for the tool market worldwide continues to grow. Among them, European and North American countries have maintained stable growth, especially in Eastern Europe. The Asian market has seen a slight recovery. The market has great potential. The Latin American market has grown significantly, especially Mexico. At present, the world sales of cutting tools exceed US$10 billion, and the industrially developed markets of Europe, North America, Japan and Australia account for 75% to 80%.

China is also an important market. According to forecast, the demand for cutting tools in China is between RMB 7 billion and RMB 8 billion. Among them, the high-precision, high-efficiency, high-reliability modern tools, such as cemented carbide and ceramics, etc. 100 million yuan, of which 80% to 85% are dependent on imports. Tool imports account for more than 90% of tooling imports. In the past year, the slow growth in demand for the tool market has been mainly due to the increase in tool life and the need for users to request the entire manufacturing process instead of many machine tools and tools. And the use of multi-purpose tools has increased, replacing many simple tools that used to be single-function. In the future, users will place greater emphasis on the research and development of cutting tools in production plants, not only in the field of materials and surface coating technology, but also on the production practices of cutting tool products and their production processes, and to help the tool manufacturers increase in areas they are familiar with. In the market competitiveness.

From the perspective of tooling technology, Japan's DIJET, BIG, OSG, and Japan's Sumitomo Electric, Hitachi Tools' newly developed high-speed and high-hardness tool can be processed to the hardness of HRC70. Toshiba Tadello's high-quality products TAC quick-cutting cutter series carbide cutting tools Gradually replace high-speed steel tools, especially circular tools. The application of coated knives such as Kenneth Tool USA, Sweden SANDVIK, Seco Tools SECO Company, SPINNER Company, etc. is more and more common. Zhuzhou Diamond Tools, a well-known Chinese tool and gauge manufacturer, and Guilin Guanglu Digital Measurement & Control Co., Ltd. also provided newly developed products to participate in international competition. The market for new cutting tools for high-speed machining continues to grow.