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Another factor that could be contributing to the price increase is the raw material costs. The production of power tools requires a variety of materials, including metals and plastics. These materials can be expensive, and any increase in their prices will inevitably be passed on to consumers in the form of higher product prices. In recent months, there have been reports of shortages in some raw materials, which could be another reason for the price increase.

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Moreover, advancements in manufacturing technologies have further enhanced the capabilities of these bits. The introduction of heat treatment, surface coatings, and advanced tungsten carbide grades has significantly improved their wear resistance and overall lifespan. Additionally, the use of computational simulations and advanced materials science has allowed for the customization of button bit designs, tailored to specific drilling conditions.

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