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China has become a global consumer market

Global consumption of grinding tools will grow by 5.9 per cent a year and will reach $38 billion by 2013. The region that has grown is Asia, the Middle East/Africa, eastern Europe and Latin America, and the four regions will outspend the us, Japan and Western Europe.


The consumption of grinding tools mainly benefits from the steady growth of economy and the steady development of industry, which leads to the expansion of production of durable consumer goods and the increase of fixed asset investment. China, India and Russia make up the bulk of the sharpening sales. China, in particular, will replace the United States as the world's largest consumer market. By 2013, China's consumption of grinding tools is expected to account for two-thirds of the world's new demand for products. Sales in Thailand and Indonesia, in southeast Asia, will also gain momentum.


The development of global politic market is not optimistic compared with the developed countries. Its economic growth is weak and the production scale of consumer durables is slow. It is expected that demand for grinding tools in the us, Italy and France will grow by less than 1 per cent by 2013, and the annual consumption demand of Japan, Germany and the UK will decline. The result of Mr Robihui's view is that the purchase of a sharpener per capita will increase with the cost of production of all kinds of products. And Canada, South Korea and Spain abrasive sales is expected to ascension and relatively steady economic development and demand, in industrialized areas of The Three Kingdoms in industrial production has been in a leading position.


The consumption demand of global grinding tools is mainly non-metal abrasive products, including: consolidation grinding tools, abrasives and abrasive materials, polishing powder, etc. It is expected that non-metal abrasive sales will account for most of the market by 2013, which will surpass the sales of metal abrasive tools such as shotblast, steel grit, wire brush and grinding wheel. The market for durable consumer goods is undoubtedly a big sales target, accounting for two-thirds of the total product demand.
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