iAbrasive Indicates That Precision Tool Market Is to Have a Good Start in 2014

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iAbrasive, an international marketplace for the online purchase and sales of abrasives products, recently provided a simple analysis on the precision tool market, the result of which shows that despite the recent slight decline in figures in the machine tool industry, the manufacturers of precision tools are riding the wave of success.

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iAbrasive, an international marketplace for the online purchase and sales of abrasives products, recently provided a simple analysis on the precision tool market, the result of which shows that despite the recent slight decline in figures in the machine tool industry, the manufacturers of precision tools are riding the wave of success.

Driven by the increasing demands on automobiles, appliances and electronics as well as the acceleration in fixed-assets investments, precision tool manufacturers are to embrace a broader sales market. The market is not expecting an extremely strong first half of 2014, but it should be able to maintain the level of turnover of the previous year. And the turnover of the previous year was impressive. Thanks to solid automobile orders, production of forming equipment rose 14% last year and was responsible for 30% of total output.(data published on http://www.abrasivesunion.com/information/show_detail/18668)

But what are the core challenges of this industry? "The growing competitive pressure on national and primarily international markets means users of metal-cutting technologies are being confronted with the demand for ever shorter processing times, with simultaneous lower production costs and consistent or even higher quality", is how Lei, the founder of iabrasive.com, summarizes the core challenges.

About iAbrasive.com
iAbrasive.com is a professional business to business trade platform for abrasives and abrasive products only. It takes the advantages over some comprehensive commercial platforms by its professional and vertical operations. The website concentrates on building up an information bridge to link domestic sellers and overseas buyers together. Here, they can exchange both information and goods freely.
For more news about iAbrasive.com, link here: http://www.iabrasive.com, http://www.iabrasive.com/blog/.

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Lei
iAbrasive.com
since: 08/2012
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