Global Tools Market Competition - China Steel Structure Buildings - China Villa

Tool market in the world of slow growth, to promote inter-firm competition in the global market

, and brewing new merger, the formation of the new market structure.

This is forecast by the market sector written by Frost & Sullivan a lengthy summary of the report. The article pointed out that the application of cutting tools is very broad, so the size of this market is directly related to manufacturing the economic situation.

This called "the world machine tool market" report also describes the various tools of modern cutting tool materials, coatings and the latest advances in technology. Reported that the majority of the market changes are around the manufacturing process and product changes in the material used conducted. In the past year, the tool market has been slow growth in demand, mainly because of increased tool life, then there is the user request for the entire manufacturing process to replace a lot of machines and tools. And the application of multi-functional tool more to replace a lot in the past a simple single-function tool.

Tool market growth

Frost & Sullivan believes that the growth of a market for tools from the early nineties, at least another seven years. This growth to the world economy, especially in Asia into the vitality of the economy. It promoted the progress of machinery manufacturing industry, leading to increased demand for machine tools and cutting tools. Estimated that in 1999, the world market, with sales tools 13.8 billion.

It is noteworthy that until 2006 the annual growth rate of the tool market is also only 3%. That the mechanical parts of the processing industry is a machine, the largest user of the tool, then the individual is the automotive industry and heavy industry.

Asia is the largest consumer market tool

Frost & Sullivan said: tool market growth in most locations in the east of the world. "Asia is the largest user of the tool, and is also the largest user in the future. The world's leading companies have started there (especially China) plant, and increase investment. By the International Monetary Fund, the World Trade Organization to help, and Boeing success clear, China is expected to gradually open its market, and its manufacturing of machine tools and tool demand will continue to grow. "

At the same time, Sweden, Japan, the United States and German production companies also have carbide cutting tools in China, India manufacturing facility. The report also mentioned that "as the basis for popularization and application of CNC grinding machines, CNC grinding machine with grinding wheel also needs suitable", the grinding wheel in the finishing area has been widely used.

By 2006, concern for the people shaping tool, it is estimated to be 1.9 billion market, and expect to reach 2.3 billion.

According to forecasts, in 1999 and 2006, overall annual growth rate of about 2.3%.

The views of many countries

The report mentions that "a lot of very powerful tool manufacturers such as Sandvik and Kennametal, which has no less than 25,000 kinds of companies of different tools to meet a variety of special purposes. They are all world-class competitors and manipulation market, multinational corporations, but also the formation of alliances and cooperation with regional companies. "

Frost & Sullivan predicted that, Jin Hou users will be more emphasis on plant research, and development of the tool, "not only Zai materials and surface coating technology, and Yezaidaoju product and production process area."

The expert said the focus on production practices, will help to increase tool manufacturing areas in which they are familiar with market competitiveness.

by: gaga

POST COMMENT

Selecting a B2B Telemarketing Company Role Of Affiliate Marketing In Lead Generation How Email Marketing Software Brings More Results While Saving Your Resources The Partnership Between The Client and The Telemarketing Firm The Basics of Designing a Marketing Plan Get Ahead of Competition Through Online Marketing Niobrara Shale In The Us - Oil Shale Market Analysis And Forecasts To 2020 Group Messaging : The Great Marketing Tool Why Invest In Marketing Items? Mobile Phones with Free Gifts : Best way to capture the market and users Find the Best Guaranteed Annuity Rates Using the Open Market Option The Best Annuities for Your Profile Using the Open Market Option The Open Market Option Will Find You the Best Pension Annuity