Mechanical Engineering Tools help

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SUMMARY

The discussion focuses on the import business of mechanical engineering tools, specifically various cutting tools such as Sin Flute Countersinks, Dovetail Cutters, and End Mill Cutters. The participant, Manik Sharma, aims to sell these tools at a significantly reduced price, 40-60% lower than competitors, by sourcing directly from manufacturers. Market research indicates a strong demand for these tools among woodworkers and the oil industry in North America.

PREREQUISITES
  • Understanding of mechanical engineering tools and their applications
  • Familiarity with market research methodologies
  • Knowledge of import/export business practices
  • Awareness of pricing strategies in competitive markets
NEXT STEPS
  • Research the North American market demand for cutting tools
  • Investigate pricing strategies for mechanical engineering tools
  • Learn about sourcing and logistics for importing tools
  • Explore marketing techniques for selling industrial tools online
USEFUL FOR

Entrepreneurs, import/export professionals, mechanical engineers, and anyone interested in the market dynamics of cutting tools in North America.

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(I apologize ahead of time If I posted this in the wrong section)

I'm in the process of starting an import business. I'm trying to do some market research and need some help, since I don't know too many mechanical engineers myself I want to know if any of you have any experience with these tools (I do understand the general concept of these tools and uses) and I want to know how the market for these tools are, if sold at a relatively low price? My competitors (most online wholesalers) sell these items at a high cost, I can cut these prices 40-60% since I will be buying from a manufactuer who produces these items. I will be importing "cutting" and other various tools such as:



  • Sin Flute Countersinks
  • Dovetail Cutters
  • Woodruff Cutters
  • End Mill Cutters
  • Center Drill
  • Adjustable Hand Reamer
  • Morse Taper Finishing Reamer
  • Repairman's Taper Reamer
  • Taper Pin Reamers
  • Chucking Reamers
  • Flat / Rectangular Tool Bit
  • Square Tool Bit
  • High Speed Steel Tool Bits
  • Cut Off Blades
  • Counter Bores
  • 3 - Flute Center Reamer

Can you please help me with any knowledge you have concerning "cutting" tools in general and the market for them (north america)

thank you !

Manik Sharma.
 
Engineering news on Phys.org
Did some research looks like lots of woodmen use these tools, and people in the oil industry?
 

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