China to play a key role in the future world of tooling

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Internationally competitive companies likely to evolve

Chinese tool and die manufacturers distinguish themselves by a very high availability of manpower and resources, which enables them to accomplish low lead times – comparable with Germany. Though, in most cases the engineering expertise for sophisticated tools and dies is absent in both the assembly as well as the qualification of tools and dies. In the meantime, there are several enterprises related to all tool and die types, which operate on highest international level along the overall process chain in tool and die manufacturing. Solely because of the size of the industry, China will have a key role in the world of tooling in future.

The fact that internationally competitive companies with a high level of competence could evolve confirms the positive outlook for the development of the tool and die manufacturing industry in China. China is what we call an Allstar in the World of Tooling which will witness a slight ease of development potential.

Sources:

Istma International Special Tooling and Machining Association, 2014

Organisation for Economic Cooperation and Development OECD, 2012-2014

United Nations Comtrade Database, 2010-2014

(ID:43790218)

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China to play a key role in the future world of tooling

Internationally competitive companies likely to evolve