1. The development of cemented carbide tool industry
Cemented carbide tools refer to tools that use cemented carbide as the cutting edge. According to the statistics of China Machine Tool Industry Association, the main types of cemented carbide tools include cemented carbide inserts, milling tools, turning tools, hole machining tools, etc., of which cemented carbide inserts account for the highest sales share, about 50%.
Cemented carbide tool blade industry report, market size, development prospects, profit analysis, price trends, competitive landscape, investment opportunities
my country's CNC blade started late. In 2010, only a few companies in my country built CNC blade production lines. With the development of domestic advanced manufacturing and digital manufacturing technology, the localization of CNC blades has accelerated. By the end of 2015, 15 companies in my country have built CNC blade production lines, and by the end of 2019, there will be 35, which can meet about 30% of domestic demand.
2. The proportion of my country's cemented carbide tools is increasing
The change in the supply structure of cutting tool materials in China is related to the development level of my country's manufacturing industry. In recent years, the output structure of cutting tools in my country has undergone continuous changes, and the proportion of the output value of cemented carbide tools with better comprehensive performance has continued to increase. According to the statistical data of the Tool Branch of China Machine Tool Industry Association, the output value of cemented carbide tools produced by my country's major tool companies increased from 39% in 2015 to 47% in 2019.
The output value of cemented carbide tools produced by major tool companies in my country has increased
Cemented carbide cutting tools are the leading cutting tools involved in digital manufacturing, and the increase in their output value is related to the macro background of the CNC upgrade of machine tool equipment in my country. In the future, as my country's manufacturing industry continues to upgrade, the output value of cemented carbide tools will gradually increase.
3. Consumer demand for CNC tools continues to increase, and import dependence decreases
my country is in the stage of adjustment and upgrading of the industrial structure. Machine tool equipment is gradually transitioning from traditional ordinary machine tools to CNC machine tools. The consumer demand for CNC tools will gradually expand. CNC machine tools are the upgrade trend of the machine tool industry.
As a consumable part of CNC metal cutting machine tools, whether it is the equipment needs of stock machine tools or the incremental demand for new machine tools each year, it will drive the consumer demand for CNC tools.
In recent years, the rapid rise of domestic tool companies has replaced some imported products with the advantages of cost performance and local service, and accelerated the localization of CNC tools. In 2019, the total consumption of Chinese knives reached 39.3 billion yuan, of which the annual consumption of domestic knives was about 25.7 billion yuan, and the annual consumption of imported knives was about 13.6 billion yuan. Although domestically-made cutting tools occupy 2/3 of the total market share in my country's cutting tool consumption market, they are mainly low-end products. Among the 13.6 billion imported knives, most of them are highly efficient knives urgently needed by modern manufacturing.
The data shows that the proportion of imported tools in total consumption dropped from 37.17% to 34.61% in 2016-2019, indicating to a certain extent that the self-sufficiency of CNC tools in my country is gradually increasing, and import dependence is decreasing year by year. The lack of core technology in key links will bound the vigorous development of China's high-end manufacturing industry. As a supporting tool for high-end equipment manufacturing, accelerating its localization is of great significance to national economic security.
4. Major companies in the industry
In the tool industry, according to differences in development stage, technical level, market strategy, etc., tool companies can be divided into three categories: European and American companies, Japanese and Korean companies, and Chinese local companies.
