The next five years, China's CNC machine tools will become the main force of growth

May 26, 2023

The BOCI International report pointed out that as the world's largest machine tool consumer, the self-sufficiency rate of China's mid- to high-end CNC machine tools industry is seriously low, and there is a large gap between the world's advanced countries in design and R&D, materials technology, and parts and components. While benefiting the country’s industrial policy, the huge demand of the downstream industry has won precious opportunities for the development of the CNC machine tool industry in China. “Continually increasing consumption capacity and infrastructure development driven by regional revitalization planning have determined the Chinese automobile market and construction machinery. The market will continue to maintain a good growth for a long period of time, which will determine the good prospects for the growth of China's machine tool market."

According to statistics, since 2010, the growth rate of production and sales of the machine tool industry has been over 40%. Galaxy Securities expects that the compound growth rate of the machine tool industry will be 25% to 30% in the next five years, and mid- to high-end CNC machine tools will become the main force for growth. Galaxy Securities explained that “the growth momentum comes from the continuous upgrading of existing products, gaining international market share, and on the other hand, through technology research and development and product innovation, entering the country’s key support product areas and forming new growth points. ”

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Author:

Ms. SU LAN RONG

ΗΛΕΚΤΡΟΝΙΚΗ ΔΙΕΥΘΥΝΣΗ:

susu@cn-tianhui.com

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