Market Status and Trends of Measuring Tools Industry

First, the current situation of the market of the measuring and cutting tools industry
Price index trend is stable
According to the latest data, in the third quarter, the trend of the price index of measuring and cutting tools is relatively stable, with fluctuations of 1 percentage point or less.
Although by the hot weather, industrial demand is sluggish, raw material prices, and other factors, the price index is facing downward pressure, but because of its special status as a modern industrial machining necessities, the rate of decline is relatively small, the trend is stable.

Prosperity index is in the upward channel
In the third quarter, the volume of cutting tools boom index was fluctuating upward trend, the industry's overall market confidence continues to be good, strong stability.
Enterprises and the market for future development is expected to be more optimistic, although the business situation confidence by the market short-term impact of the larger, relatively weak performance, but the overall fluctuations in the upward trend.

The industry is at the bottom of the rebound stage
Nationwide, the pressure on the cost side of the tooling products gradually eased, but the domestic demand for machining by the traditional manufacturing demand and high temperature continues to weaken.
The business situation of traders in the trading center is slightly lower than last year, but in a steady state of recovery. It is expected that with the gradual passing of the off-season, domestic demand will be gradually repaired, and the total demand for cutting edge tools will gradually rebound.

he market performance of sub-categories varies
Tools, tools and gauges price index trends have their own characteristics. For example, the price index of cutting tools by the milling cutter, reamer and welding tool price fluctuations have a greater impact; gauge index is in a declining bottoming state.
Breakdown of categories, CNC products gradually increasing competitive pressure, price competition has become more intense; drill products price index continued to go down after stabilizing; accessory products price index in the experience of downward adjustments after having space to rise, merchants raised prices after the index has risen.

Second, the development trend of measuring tools industry
Gradual enhancement of demand
With the landing of monetary and fiscal policy, the manufacturing industry will usher in a new round of development, machining products just need to measure the demand for cutting edge products will also be gradually enhanced.
Quantity cutting edge products as machine tool processing necessities, its demand will be further increased with the degree of localization of machine tools and further growth.

The degree of localized substitution continues to rise
In the field of machine tools, the degree of localization substitution continues to rise, the demand for high-quality domestic measuring and cutting edge products is expected to continue to rise.
This will provide more market opportunities and development space for the domestic measuring and cutting edge enterprises.

Increased market competition
With the growth of market demand and intensified competition, the industry will face more intense market competition.
Enterprises need to continuously improve product quality and service level to win market share and customer trust.

Technological innovation and industrial upgrading
In the future development, technological innovation and industrial upgrading will become an important driving force to promote the development of the industry.
Enterprises need to increase R & D investment, the introduction of advanced technology and management experience to promote industrial upgrading and product innovation to meet the changing needs of the market.

To summarize, the current market situation of the industry presents a stable development, upward boom index, bottoming out to rebound and other characteristics. The future development trend is manifested in the gradual enhancement of demand, the degree of localized substitution continues to rise, intensified market competition and technological innovation and industrial upgrading and other aspects. Enterprises need to seize the market opportunity to continuously improve their own strength and market competitiveness.