High-end CNC machine tools into the main growth

With the development of social development on the quality of various types of industrial devices, the development of the industrial manufacturing industry has also reached a crossroads of reform and it needs to move toward a “precision” production model.

Since China’s modern industrial manufacturing industry is affected by many factors, its level of development is still at a relatively backward stage. Most of the manufacturing output value is still achieved through a huge amount of low value-added products, especially industrial products. Processing equipment such as machine tool products is still in a low-end situation. The high-end market is also occupied by foreign brands. From January to November 2012, China's imports of CNC machine tools were 4.209 billion US dollars, a decrease of 9.2% year-on-year; import volume was 1.43. Million units, a year-on-year decrease of 30.1%; the average import price was 299,300 US dollars/set, a year-on-year increase of 29.8%.

Its statistics from January to August show that since 2010, the growth rate of production and sales of the machine tool industry has been more than 40%. In the next five years, the compound growth rate of the machine tool industry will be 25% to 30%, and high-end CNC machine tools will clearly become the main force for growth. However, due to the long-term lag in the technology of the Chinese machine tool industry, there has been a large gap between the world’s advanced countries in design and R&D, materials technology, and parts and components. The situation caused by this long-term backwardness is that domestic companies would rather spend more to buy foreign products, resulting in a low self-sufficiency rate for China's high-end CNC machine tools industry.

The export volume of Chinese machine tools has ranked eighth in the world, and Europe has become an important market for Chinese machine tool exports. He predicted that China's machine tool consumption in 2013 will increase by 12% to 38 billion US dollars. At present, the European market accounts for 24% of China's total machine tool exports, and the market size is about 600 million U.S. dollars. In the future, China's machine tool market outlook is still relatively good.