China's hardware tools keep high growth momentum

In recent years, the development of the hardware tool industry in China is in good shape. There is a certain relationship with the stimulation of domestic consumption, and hardware cutters maintain the momentum of rapid growth.

In the first half of the year alone, the domestic tool market achieved a growth of 25 to 30. Despite the slowdown in the growth rate in the second half of the year, it still achieved an annual growth of 15%. In recent years, the international tool market has maintained a stable recovery, but conservative estimates of annual growth rates have remained at around 3 to 5.

In the tool making process, molds are needed for molding process, which is of great benefit to China's mold industry. The rapid development of hardware tools in China is inseparable from the strong market demand. In 2012, the total production volume of China-made knives reached 35 billion yuan, and export cutters reached 8.5 billion yuan, a year-on-year increase of 21.4. According to this growth rate, it is expected that the tool consumption will reach more than 48.5 billion in 2013.

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.