Enhancing product competitiveness is the key to competition in the cutting tool industry
Release time:
2024-01-04
The domestic tool industry in the world among the mold industry in the low end, the emergence of such a situation and the industry as a whole low level of science and technology, the price war continued. If the tool industry wants to develop, it must continue to increase research and development funds, increase the content of science and technology, and produce products with core competitiveness. Only by increasing product research and development can we truly change the current competitive model.
The domestic tool industry in the world among the mold industry in the low end, the emergence of such a situation and the industry as a whole low level of science and technology, the price war continued. If the tool industry wants to develop, it must continue to increase research and development funds, increase the content of science and technology, and produce products with core competitiveness. Only by increasing product research and development can we truly change the current competitive model.
At present, there are more domestic enterprises engaged in tool production, but the scale is relatively small, basically is a small workshop model, there is no scientific and technological content. The products produced by small tool companies are basically imitated, resulting in more and more homogenization of low-end tools. Tool enterprises are facing the problem of overcapacity and inventory backlog. Tool enterprises in order to continuously improve sales, will reduce the price of products. Several tool companies have cut prices, eventually leading to the entire industry in trouble, less and less corporate profits. When profits continue to compress, companies simply do not have excess funds for product development.
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