2026-09-07 20:23:09
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The Chinese metal tool industry has achieved a structural transition from 'scale expansion' to 'technological breakthrough' in the past decade, driven by the triple transformation of high-end domestic substitution, intelligent manufacturing upgrading, and global brand going global. The localization rate has significantly increased, with the market share of domestically produced CNC cutting tools reaching 48% in 2024, an increase of 12 percentage points from 2020. Enterprises such as Huarui Precision and Xinxing Tools have broken through the bottleneck of products such as nuclear power deep hole drills and aviation grade rotatable blades, and hard alloy cutting tools (accounting for 65% of the market) have achieved a leap from low-end imitation to high-end replacement. Intelligent manufacturing is deeply penetrated. Baoxin Software, Jinhu Group and others have built a '5G+Industrial Internet' platform to achieve the closed-loop of tool intelligent marking, digital twin production line and whole process data, and the consistency of finished products has been improved by more than 30%. The export structure continues to optimize, with tool and hardware exports exceeding 160 billion US dollars by 2025, accounting for 35% of the global market. The market is shifting from Europe and America to Southeast Asia, Africa, and the Middle East, with exports accounting for 21.6% of the world's total. Brands are accelerating their shift from 'product output' to 'standard output' when going global. The industry concentration continues to increase, with CR10 exceeding 40%, transforming from a 'world factory' to a 'global precision manufacturing core supplier'.