In 2014, revenue for the Cutting Tool Manufacturing industry is expected to total $11.7 billion, growing 13.8% annually over the past five years. Domestic demand is expected to total $8.9 billion in 2014, up 8.1% from 2013. There are about 883 cutting tool manufacturers in China with about over 136,000 workers earning a total of $1.0 billion.
This industry is highly dependent on international trade. Industry exports are expected to total $3.6 billion in 2014, accounting for 30.7% of industry revenue. About 8.7% of domestic demand will be satisfied by imports, down from nearly a quarter in 2008 due to the development of the domestic industry.
The Cutting Tool Manufacturing industry in China manufactures a wide range of metal cutting tools, including awls, drill bits, saw blades, reamers, knife blades, knives and metal tools used for carpentry work and cutting pottery and ceramics, and other metal cutting tools.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.