With the rapid development of manufacturing industry, the market potential of cutting tools in our country is huge, and the total amount is expected to exceed that of Germany, America and Japan. It provides a full space for the adjustment and development of China's tool industry.

Although the global economy will have cyclical changes and turbulence. However, the pattern of the transfer of manufacturing to China is based on the objective needs of resource optimization in the context of globalization, and will not reverse. At present, the output value of China's manufacturing industry is generally between Japan and the United States, but the level of physical output has greatly exceeded Japan and the United states. The consumption of machine tools has been the first in the world for 5 years.

In 2007, the number of machine tools in our country has reached 5 million, far more than developed countries, CNC machine tools up to 600 thousand units, the number is similar to Japan and the United States, but the grades are low. In developed countries, the use of efficient tools to play the potential of digital manufacturing technology has become a consensus. The annual tool consumption is about 50% of the machine tool consumption. In China, consumption and consumption of machine tool is only 20%, in our tool consumption, the traditional tool of cheap inefficient machine function is the mainstream, far from giving full play to the manufacturing industry, improve labor productivity potential. This is not only the gap of China's tool industry, but also the tool industry of china. The key to the development of China's tool market is to develop modern efficient tools to replace cheap and inefficient traditional cutters.

Through the above analysis, we can clearly see that the biggest opportunity facing Chinese tool enterprises is, in front of our house, there is one of the world's biggest market, provides ample space for our development. However, we are faced with severe challenges, the market needs of modern efficient tools, we are developing very slowly, unable to meet the needs of the manufacturing industry, have to import a large quantity. Which does not comply with the traditional standard tool to the development of modern manufacturing industry, but the blind development, total control, production overcapacity, low prices in the passive situation. Therefore, the only way out for China's tool industry is to develop modern and efficient tools, realize structural adjustment and industrial upgrading, and get rid of low level repetitive development path.

Since the beginning of the new century, China's tool industry MyCIMT has begun the process of structural adjustment and industrial upgrading, but the pace of development is too slow. Facing the new economic situation challenges, the vast number of industries and enterprises should have a sense of urgency, to speed up the pace of adjustment. Develop potential Chinese tool market. To do this, the scale of China's tool market will surpass Japan, America and germany. To do so, not only the Chinese tool industry developed rapidly, China manufacturing industry will be widely used by modern and efficient tool and greatly improve the production efficiency and competitiveness, the benefit is much higher than that of the tool industry, is a win-win situation.