Industry Analysis & Industry Trends
In 2011, revenue of the Metal Cutting Tools Manufacturing industry is expected to total $9.89 billion in 2011(constant 2011 dollars), with an annualized growth rate of 20.0% over the past five years. The industry grew especially strongly in 2006 and 2007 due to high export demand and strong domestic demand for metal cutting tools. However, revenue grew at considerably more modest rates in 2008 and 2009, 5.8% and 0.7% respectively, due to lower export and domestic demand and lower pricing levels, caused by the global recession.
Domestic demand is expected to total $8.07 billion in 2011, up 35.9% from 2010. Approximately 0.9%, or $69.6... purchase to read more
Industry Report - Industry Locations Chapter
Jiangsu is expected to account for 34.6% of industry revenue in 2011, with 21.1% of industry employment and 24.4% of establishments, indicating high production efficiency. With both the top two industry players located in Danyang, Jiangsu is the most important production base for the Metal Cutting Tools Manufacturing industry. Many of the industry's firms in this province have higher technology levels and advanced manufacturing centers. There are also many upstream and downstream industries here, which provide convenience and opportunities for the industry's development. The province has also attracted foreign capital, which has contributed to greater development.
Guangdong is the second-largest production base for the Metal Cutting Tools Manufacturing industry in China... purchase to read more