The output value of hardware tools in Japan in 2000 increased by 10.9% compared with 1999, reaching 377.121 billion yen. Among them, high-speed steel cutting tools, diamond tools, CBN tools have double-digit growth; cemented carbide tools accounted for about 50% of the total output value of the tool, and the output value of cemented carbide tools increased by 9.3% in 2000. After entering 2001, as the demand of the semiconductor industry and the machine tool industry turned weak, the tool industry was affected by it, and production and sales began to decline. Among them, the demand for PCB drill bits for processing printed circuit boards is the most serious, and the reduction of high-speed steel tools is generally similar. At present, each tool manufacturer pays close attention to the demand trend of the automotive industry. The industry is the main user of cutting tools, and its demand changes have a significant impact on the tool industry. At the same time, the pressure to reduce costs is also enormous. The market size of global cutting tools is about 1.1 trillion yen, of which 400 billion yen is in the United States and Europe, and 300 billion yen in the Asian region. It is estimated that the annual growth rate of demand for tools in the world will be 3% from 2003 to 2.6% in 2006. The expansion of users is mainly concentrated in the United States and Asia. Therefore, the Japanese tool industry will vigorously explore the export of Japanese tools for overseas markets in 2000. The ratio reached 20% for the first time.
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