World tool market development trend

Demand for the tool market worldwide continues to grow. Among them, Europe and North America have stable growth, especially in Eastern Europe; the Asian market has rebounded slightly, and the market potential is very large; the Latin American market has grown significantly, especially in Mexico.
In terms of tool product technology, carbide tools have gradually replaced high-speed steel tools, especially round tools. The use of coated tools is becoming more common, with PVD coated tools increasing the most. PCD, PCBN and diamond coated tools are growing rapidly. Dry cutting is growing rapidly, especially in Europe. The market share of new tools for high-speed machining continues to grow.
In terms of the cooperation of tool manufacturers, there are many strong companies in the high-tech market.

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