It is expected that the domestic tool market will slow down in the second half of the year

In the first half of this year, the tool market performed well. Most of the tool companies achieved the expected growth targets in the domestic market. In particular, in the first five months, the number of orders for all tool companies showed a growth trend. Such as domestic companies, Zhuzhou Diamond's production in the first half of the year has been in a saturated state, Chengliang Group achieved sales revenue of more than 400 million yuan in the first half of the year, small and medium-sized cutting tool companies in Jiangsu Xi Xia Shu and Zhejiang Wenling area sales also compared to the same period last year Great growth. Many foreign cutting tool companies have different growth rates in the domestic market, such as 39% increase in Kennametal, and the sales in the first half of the year are more than expected.

It is expected that the sales of cutting tool companies will continue to grow in the second half of the year, but most companies are not optimistic about the market outlook in the second half of the year. It is generally believed that the growth of the tool market will slow in the second half of this year, and the growth rate will depend on the macro Information on the economic adjustment and the final growth trend of the manufacturing industry shows that the number of new orders for some tool companies has begun to decrease. There is no shortage of large-scale tool companies. Tianjin Huafeng Jinshuo Electromechanical Technology Co., Ltd. is the agent of several brands of cutting tools. The company's business manager said that the reason for the decline in new orders is that it has an important relationship with the collective price increase of tools that occurred in May this year. The price increase of the tool is between 4% and 10%, with the highest increase in the number of imported branded tools, which is generally around 10% or even higher. In view of this, many agents and sellers rush to place orders and increase inventory before the price increases, so as to provide users with a buffer for a period of time, and reduce the adverse effects of sudden price increase. This is also the main reason for the sudden drop in orders of some tool companies.

In addition, the current implementation of financial policies and inflation have also adversely affected the development of many small and medium-sized manufacturing companies. Based on the rise in raw materials, rising energy costs, rising employment costs and the difficulties caused by bank interest rate hikes, manufacturing companies in coastal areas There has been some closure or production stagnation, and tool demand has plummeted. This has a relatively serious impact on many small and medium-sized tool companies with a single product. Some companies have become difficult to manage, and the harm caused by homogenous competition to local tool companies has gradually emerged.