A small tool, steady growth in 2023, behind the reflection of not only China’s manufacturing industry in the recovery, but also reflects the current traditional manufacturing industry transformation and upgrading is accelerating.

2711P-RDT15CB In the deep winter of mid-December, the cold wave swept in, in the exhibition hall of Taijia Company, all kinds of saw blades and their raw materials and equipment molds were displayed, and the blades shone under the lights of the exhibition hall.

According to relevant statistics, the amount of labor in cutting processing accounts for about 40% of the total amount of mechanical manufacturing labor, about 70% of the parts need to use tools to cut processing, tools are very important in machining.

2711P-RDT15CB As the “teeth” of industrial machine tools, cutting tools are key consumables, and their quality directly affects the process level, production efficiency and product quality of manufacturing production. Therefore, in the manufacturing industry, we generally have a sense: without tools, CNC machine tools can not play a high efficiency, nor can they produce high-quality machining products. Therefore, the fluctuation of the tool market reflects the overall market situation of the development of the manufacturing industry.

2711P-RDT15CB Taijia shares Secretary Xie Yingbo told reporters that in 2023, China’s manufacturing industry is happy and worried, happy is the opportunity is to industry leaders, brand enterprises gathered, worried about the entire tool industry there is a lack of demand and other problems, “in our small saw blade industry can see a forecast – on the one hand, the tool market demand reflects the manufacturing heat; On the other hand, China’s tool consumption in the upgrading of quality, behind the reflection is the urgency of China’s industrial upgrading.”

New momentum appears, but the stabilization of the manufacturing sector remains to be observed

2711P-RDT15CB In mid-April 2023, in the catkins flying Beijing, the 18th China International Machine Tool Exhibition (CIMT2023) opened the curtain, the exhibition scene was crowded, business negotiations and the atmosphere of the exhibition was warm. The relevant person in charge of a number of head manufacturers revealed at the scene that downstream orders began to recover in the first quarter of this year.

“In the first half of 2023, the tool market does have a wave of market, but in the second half of the year, with the lack of market demand, many small and medium-sized enterprises are facing the situation of insufficient orders.” Oke billion relevant people told reporters.

On November 17, the economic operation of the machine tool industry in the first three quarters of 2023 announced by the China Machine Tool Industry Association confirmed the statement of the 2711P-RDT15CB person in charge of the enterprise. In the first three quarters, the difficult factors reflected by the machine tool enterprises are relatively concentrated: weak demand, insufficient orders, and low capacity utilization; The shortage of high-end interdisciplinary talents such as R&D and technology; High-end functional components still rely on imports, long delivery time; Market competition intensifies, price wars are serious, labor costs rise, raw material prices rise or remain high, and profitability declines.

Recently, a person in charge of a tool company ran a market experience, reflecting the difficulties of the current manufacturing industry, “in the first half of 2023 to Dongguan, the park is still very popular, the factory is busy; In the second half of the year, the park was very cold, and the orders could not be talked down, which is the real situation of the manufacturing industry in some areas.”

“In the second half of the manufacturing industry, some segments of the order demand is indeed insufficient, and it is still too early for the manufacturing industry to stabilize and pick up.” Many people in charge of the tool industry frankly.

The manufacturing purchasing managers’ index (PMI), a leading indicator, fluctuates between expansion and contraction, reflecting trends in the manufacturing sector. From January to March it was above the line of growth and contraction, after April it fell below the line of growth 2711P-RDT15CB and contraction, from June to September it continued to rise, and in September it rose above the line of growth and contraction, but in October and November it fell back to about 49.5%.

Although the economic recovery needs to overcome some difficulties and challenges, but the Chinese economy is a big sea, not a small pond, for enterprises to enhance the confidence and confidence in China’s economic development is still very important.

In the interview, the reporter noted that in the first half of 2023, China’s manufacturing industry stabilized and rebounded, and in the second half of the year, it was challenged by market challenges such as declining demand, but the crisis also gave birth to opportunities – new energy vehicles, shipbuilding, aerospace and other industries have become new growth points for manufacturing. Cutting technology and tools into the new energy, aerospace, electronic information and other fields of the market is also becoming a new growth point of business.

The reporter found that the new momentum nurtured by strategic emerging industries picked up quickly, reflecting that the economic structure is in the process of optimization.

In November 2023, China’s manufacturing purchasing managers Index (PMI) also reflects this trend, and the rapid recovery of new momentum is the main factor supporting the stable operation of the manufacturing industry, equipment manufacturing PMI and high-tech manufacturing PMI were 51.6% and 51.2%, respectively, up 0.9 and 2 percentage points from the previous month.

Xie Yingbo believes that under the current market environment, enterprises should have strategic focus, insist on doing their own things, on the one hand, strengthen research and development investment, and make products recognized 2711P-RDT15CB by market customers; On the other hand, we should focus on brand and quality efforts to enhance the company’s brand influence.

Undoubtedly, Xie Yingbo’s future development positioning of the enterprise reflects that entrepreneurs are firmly optimistic about the basic trend of China’s economic recovery and long-term improvement as well as the stabilization of China’s manufacturing industry.