China's tool industry has broad prospects for development

In recent years, China's tool industry has continued to maintain rapid growth. After the baptism of the financial turmoil, many small businesses have closed down and many new partners have been added. The market for China's tool industry is mixed. China's tool industry's overall market is developing rapidly, but there are many low-end products, and there is a phenomenon of using low-cost labor to produce inferior products to profiteering at the expense of the environment. The low-end market is in chaos. In 2010, the total sales of imported knives and domestic knives in China reached 33 billion yuan. Among them, imported modern high-efficiency tools are 11 billion yuan, while China's modern high-efficiency tools only account for 2 billion yuan. According to the analysts of Shangpu Consulting Machinery Industry, from the perspective of development trend, the tool industry will usher in its high-speed development period in the next five years. China's tool industry is facing a period of transition from low-end products to high-end products. High, precise and pointed complex tools in the automotive, mold, aerospace and other industries will be the main direction of production of modern and efficient tools in China. During the "Twelfth Five-Year Plan" period, China's tool industry will be in a state of fierce competition. The reorganization of state-owned enterprises and the entry of foreign capital are inevitable because of poor management and bankruptcy. Faced with this severe test, the majority of enterprises should always be vigilant, and at the same time, two points cannot be ignored: First, change the traditional concept and accelerate the development of the enterprise. The transformation of the concept includes the transformation of management management ideas and the transformation of innovative production concepts. I am soberly aware of the need to create greater profits, how to improve work efficiency, and to minimize production costs. Breaking through the traditional production mode, creating new products that meet the needs of the times and liberating them from the traditional model. Second, empathy, from the perspective of the consumer to fully understand the status quo of the product soberly aware of the inadequacies of the product. The overall structure of the products is backward, the traditional standard knives occupy the main market, and the counterfeit and shoddy products in the low-end products market are not uncommon, but the low-end sales are still very strong. After the product was sold out, there was almost no after-sales service and no good relationship with the customer.

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