Experts in the industry believe that in recent years, China imports nearly one billion US dollars of molds every year, of which precision, large, complex and long-life molds account for the majority. Therefore, from the perspective of reducing imports, the market share of such high-end molds and hardware tools will gradually increase. In the future, China's mold and CNC tool industry will also rank the top in the world.

　　In the past year, the reason why the demand of China's tool market has been growing slowly is mainly due to the increase of tool life. Moreover, users put forward requirements for the whole manufacturing process, replacing many machine tools and tools. As well as the increasing application of multi-functional tools, many simple tools with single function have been replaced.

　　In the future, users will pay more attention to the research and development of cutting tools, not only in the field of materials and surface coating technology, but also in the field of cutting tool products and production process, and pay attention to production practice, which will help the cutting tool manufacturers to increase their market competitiveness in the fields they are familiar with.

　　From the perspective of the development trend of the machinery manufacturing industry, the main components of high-efficiency CNC high-end cutting tool CNC machine tools in China's factories in the future. The proportion of machine tools will increase year by year, and the demand for efficient and advanced cutting tools will increase accordingly. China is a big country in the production and export of hardware tools. Most of the electric tools sold in the world are produced and exported from China. Although China's cutting tool industry has a large scale, many cutting tool manufacturers often lack core competitiveness and low-end product technology, which makes it difficult to grow and strengthen due to weak technological innovation ability, single market structure and weak brand influence 。 Advanced cutting tools are the main parts of CNC machine tools, but there is a big gap between domestic cutting tools manufacturers and foreign advanced cutting tools.

　　Of course, Tianjin, Shanghai and other places also have quite advanced cutting tools in manufacturing production, there is still a price difference, but the trend is that the demand for advanced cutting tools is increasing year by year. According to statistics, China consumes 40% of the world's tool data, but its sales revenue only accounts for 12% - 15% of the world's tool industry. The gross profit margin of tool enterprises in developed countries is about 40%, while the profit of tool factories in China is very low, and some tool factories are still losing money.

　　From the perspective of the technological development trend of the machinery manufacturing industry, the proportion of high-efficiency CNC machine tools in China's factories will increase year by year, the demand for high-efficiency advanced cutting tools will increase rapidly, and the demand for radical standardized cutting tools will decrease year by year. In view of the current situation that the demand for advanced cutting tools of CNC machine tools is increasing, China's tool industry must change its concept, vigorously develop the production of efficient advanced cutting tools, pay attention to the sales volume, pay more attention to after-sales service, and strive to occupy more market share through innovation.