In 2010, the global demand for knives in the manufacturing industry rebounded, and the recovery of China's tool market was particularly strong. In the first three quarters of 2010, sales of domestic tool companies increased by about 50% year-on-year. Of course, there were factors such as lower base in the same period last year and the need for end users and intermediaries to replenish stocks. However, this strong growth momentum is still unprecedented. . It is expected that China's domestic tool consumption in 2010 can exceed the highest level in 2008. At the same time, the volume and cutting tool exports also had a strong rebound of more than 40%, but due to the excessive decline last year, it is estimated that 2010 will not be able to return to an all-time high. Internationally, the world's largest tool group Sandvik Tooling's 1-3 quarterly report shows that global demand has generally rebounded. The company's third-quarter sales increased by 39% year-on-year in the single quarter, while the average sales in the first three quarters increased by 29% year-on-year, which is a quarterly increase. MSSG, a subsidiary of Kennametal, is the world's second largest tool group, reporting a 19% year-on-year growth in the first quarter of 2010 and a 44% year-on-year increase in the second quarter. Since the fiscal year 2011 (July 1, 2010), Kennametal has reclassified its subordinate divisions. The original division (MSSG) and materials (AMSG) are divided into two divisions: Industrial and Infrastructure, which are divided into two divisions: Industrial and Infrastructure. Overall, the growth rate in the third quarter declined slightly, but it still maintained steady growth. The sales of Japanese tool companies also showed a similar recovery similar to that in Europe and America. In general, the slow recovery of global manufacturing has started in the third quarter of 2009 and has steadily increased for six consecutive quarters. The above situation shows that the trend of the global manufacturing sector taking the lead in recovery is very obvious, but most countries still belong to restorative growth, and have the following characteristics: (1) From the overall situation of the global tool market, there is a general recovery. However, developed markets such as Europe, Japan, and North America are all recovering. Due to the excessive decline in 2009, the global sales revenue of multinational corporations in 2010 is still about 20% from the highest level in 2007-2008. (2) The emerging economies represented by the BRIC countries, especially China, have recovered and developed at a much faster rate than the developed countries after the international financial crisis. This year, the sales of multinational groups in the BRIC countries increased by more than 60% year-on-year. Therefore, countries are optimistic about the development of emerging economies, especially China's manufacturing industry. Europe, the United States and Japan's major multinational tool groups in the development strategy after the international financial crisis, without exception, have expanded sales in the Chinese market as the first choice. . To sum up, an indisputable fact is that China has become the world's most promising tool market, so the future development opportunities of China's tool companies are huge, but the competition will become increasingly fierce.
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