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Feb 08, 2022

China's CNC Machine Tool Industry Can Escape Short-term Economic Fluctuations

At present, my country is in a period of heavy chemical industrialization. This is a factor that is beyond short-term economic fluctuations and has had a huge impact on China's economy in recent decades, and has also been promoting the development of my country's machinery industry. Like the long-term improvement of China's macro economy, it has become the best explanation for the continuous and rapid development of the machinery industry in the past 30 years. The so-called period of heavy chemical industrialization is also the middle stage of industrialization, that is, the gradual transition from opening up to solve shortages to building an economic powerhouse. The high-growth industries have a strong development momentum, which constitutes a huge demand for the machine tool market, especially CNC machine tools. China has surpassed Germany to become the world's largest machine tool market. CNC machine tools have become the mainstream of machine tool consumption. It is estimated that in 2015, the consumption of CNC machine tools will still exceed 6 billion US dollars, and the number of CNC machine tools will exceed 100,000. Among them, the proportion of medium and high-end CNC machine tools will increase significantly, the proportion of economical CNC machine tools will not change much, and the demand for non-NC ordinary machine tools will be greatly reduced.


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