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New breakthroughs in China's machine tools?

Jul 10 , 2021

In recent years, the scale of the global machine tool market has grown in volatility. China has always been the world's largest producer and consumer of machine tools, which has profoundly affected the supply and demand structure of the world's machine tool market and has an important industry position.

It wasn't until after 2000 that technological autonomy was put on the agenda again, and China's machine tool industry revived. From 2002 to 2011, the domestic machine tool market experienced rapid development, especially the 4 trillion investment policy stimulated the industry to experience unprecedented prosperity. But then the market began to adjust. Under the influence of comprehensive factors such as demand fluctuations in the automotive and 3C industries and Sino-US trade frictions, domestic machine tool consumption fluctuated downward in 2012-2019. Industry demand began to recover in the second quarter of last year. In the first quarter of this year, domestic metal cutting machine tool output increased by 43% year-on-year. At the same time, the domestic machine tool industry is trending towards high-end development.

At present, the structural differentiation of the domestic machine tool industry is relatively serious. The high-end machine tools of traditional manufacturing such as automobiles and precision manufacturing such as aerospace are mainly occupied by foreign-funded enterprises such as Germany, Japan, the United States, and South Korea. The sales scale of leading foreign-funded machine tool companies can generally reach tens of billions of yuan. They have opened subsidiaries in many countries around the world, and have a global production base and dealer network. Products include CNC lathes, machining centers, boring and milling machines, etc. . These foreign-funded products are in the first camp in the domestic market competition

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