In 2017, revenue for the Cutting Tool Manufacturing industry is expected to total $13.5 billion, growing 3.7% annually over the past five years. Domestic demand is expected to total $13.0 billion in 2017, up 4.0% from 2016. There are about 962cutting tool manufacturers in China with over 140,000 workers earning a total of $1.45billion.This industry is highly dependent on international trade. Industry exports are expected to total $3.2billion in 2017, accounting for 23.3% of industry revenue. About 20.0% of domestic demand will be satisfied by imports, down from nearly a quarter in 2008 due to the development of the domestic industry.Over the next five years, ACMR-IBISWorld forecasts that industry revenue will increase at an annualized rate of 2.5% to $15.3 billion in 2022...purchase to read more.

Industry Report - Industry Analysis Chapter

The Cutting Tool Manufacturing industry in China has been experiencing high growth in the five years to 2017, with revenue increasing at an average annualized rate of 6.6%. Although the industry was heavily supported by exports in the past, recent high growth was mainly driven by greater domestic demand.Historically, exports accounted for 50.0% to 60.0% of industry revenue. Chinese exports were very competitive due to cheap labor and raw materials and the moderate level of globalization in the industry. In fact, many players in this industry were established as export-oriented firms. Due to the shrinking global economy and various trade barriers from developed countries, however, cutting tool exports have declined rapidly since 2009. In ...purchase to read more.

Additional Insights for the Cutting Tool Manufacturing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Cutting Tool Manufacturing Industry are

  • Proximity to transport
  • Establishment of brand names
  • Recommendation/accreditation from authoritative source
  • IBISWorld analysts also discuss how external factors such as Domestic Goods Prices - Metals - Steel and Import Taxes (Duties) in the Cutting Tool Manufacturing industry impact industry performance..

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    What's in this report

    What is the Cutting Tool Manufacturing 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.

    Industry Products
  • Saw blades
  • Knife blades
  • Knives
  • Industry Activities
  • Knife and other cutting tool
  • Lathing and shining tool
  • Drills, reamer, saw and circular saw blade
  • Carpentry, pottery and ceramic cutting tool
  • Other metal tool
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Domestic Goods Prices - Metals - Steel
  • Import Taxes (Duties)
  • Exchange Rates - Renminbi per $US
  • Foreign Investment
  • Intellectual Property - Technology

  • Current Performance
    Industry revenueDomestic demandEnterprises, wages and employmentExportsImports
  • Chart: Revenue Growth

  • Industry Outlook
    Domestic demandExports and importsOther trends
  • Table: Cutting Tool Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Cutting Tool Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Department Stores & Shopping Malls
  • Supermarkets
  • Online Shopping

  • Key Selling Industries
  • Iron and Steel Smelting
  • Iron Ore Mining

  • Products & Services
  • Knife blades
  • Saw blades
  • Knives
  • Other
  • Chart: Cutting Tool Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Exchange rates
  • Downstream industry development
  • Technology developments
  • Export demand
  • Foreign investment
  • China's high economic growth

  • Major Markets
  • Wholesalers
  • Specialty stores
  • Exports
  • Department stores and supermarkets
  • Other
  • Chart: Major Market Segmentation for the Cutting Tool Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Cutting Tool Manufacturing

  • Basis of Competition
  • Price and quality
  • Technology
  • Branding and advertising
  • Investment
  • Service

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Cutting Tool Manufacturing Industry

  • Industry Globalization
    Jiangsu Feida Tool Co., Ltd., Tiangong International Company Limited, Leing Tailong Copper Group Co., Ltd., Zhuzhou Cemented Carbide Group Co. Ltd., Jiangsu Dangong Industrial General Corporation,
  • Table: Jiangsu Feida Tool Co., Ltd. - financial performance
  • Table: Tiangong International Company Limited - financial performance
  • Table: Leing Tailong Copper Group Co., Ltd. - financial performance
  • Table: Zhuzhou Cemented Carbide Group Co. Ltd. - financial performance
  • Table: Jiangsu Dangong Industrial General Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Cutting Tool Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Cutting Tool Manufacturing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Total Assets (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    High Speed Steel (Hss)
  • Used in the manufacture of drill bits, saw blades, tool bits and other cutting tools.
  • Lathing
  • Process that involves the spinning of an object to cut, drill or sand it into a required shape or to give it required characteristics.
  • Reamers
  • Rotary cutting tools of a cylindrical shape used to enlarge or finish existing drilled or bored holes
  • What Our Customers Say

    Why buy this report?

    The Cutting Tool Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Cutting Tool Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Cutting Tool Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Cutting Tool Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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