Abstract
Cutting plays a very important role in the manufacturing industry. The global industries of general machinery, automobile, aviation and aerospace, energy, medical, rail transit, mold and machine tools, etc. cannot do without cutting-tool equipment. Modern efficient cutting-tools focus on high accuracy, high efficiency, high reliability and customization. The type numbers and varieties of cutting-tools produced in Taiwan and China are becoming rich day by day. Therefore, this research explored the cutting-tool industry in Taiwan and China, and employed expert interview, five forces analysis, and PEST analysis to analyze the industry. This study offered conclusions based on the research results and provide specific, substantial business improvement, policy formulation and other related recommendations for relevant industry, government-related units and academic research.
Highlights
Based on the requirement for high product quality and higher accuracy for high additional value parts needed for machining and the machining tools for producing and making high-precision products, the industrial circle has changed gradually from traditional machining tools to the use of cutting-tools with high performance, high efficiency
As the product varieties are numerous and what is required by the modern machine tools, modern cutting-tools are the provision of a personalized solution, the product portfolio can be adjusted according to the market changes when the industrial prosperity changes to have strong ability to respond to operational environment changes
The modern cutting-tool industry developing from the foundation of the traditional cutting-tool industry keeps on developing and updating the processing technology to respond to the global environmental changes
Summary
Based on the requirement for high product quality and higher accuracy for high additional value parts needed for machining and the machining tools for producing and making high-precision products, the industrial circle has changed gradually from traditional machining tools to the use of cutting-tools with high performance, high efficiency. Cutting-tools are widely used by various industries, including automobiles, machines, bicycle industry, mechanical industry, household electric appliance industry, mold industry, screw and cap industry and electronic industry, all of which need to use that product. The essential conditions for modern metal cutting are machine tools, control system and cutting tools as the methods used. Taiwan and China has developed into one of the most potential cutting-tool markets for development globally, where it is becoming a development trend of the cutting-tool industry that domestic cutting-tools equivalent in performance are produced in place of import to meet the demand of domestic high-end manufacturers for efficient cutting-tools (Tzou, 2013). This research will draw conclusions based on the research results and provide specific, substantial business improvement, policy formulation and other related recommendations for relevant industry, government-related units and academic research
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