Revenue for the Cutting Tool Manufacturing industry in China is expected to rise at an annualized 1.0% over the five years through 2022, to total $15.4 billion. This includes an anticipated increase by 2.7% in the current year. Domestic demand is expected to total $12.6 billion in 2022, up 1.9% from 2021. Approximately 1,043 cutting tool manufacturers operate in China, with over 150,000 workers. Industry wage costs are expected to total $1.8 billion in the current year.
The Cutting Tool Manufacturing industry in China manufactures a range of metal cutting tools, including awls, drill bits, saw blades, reamers, knife blades and knives. Industry firms also manufacture metal tools used for carpentry work and cutting pottery and ceramics, and other metal cutting tools.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Tiangong International Company Limited
- Jiangsu Feida Tool Co. Ltd.
- Zhuzhou Cemented Carbide Group Co. Ltd.
- OKE Precision Cutting Tools Co. Ltd.
- Jiangsu Dangong Industrial General Corporation
Methodology
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