China's machine tool industry manufacturing industry's steady transformation

Machine tools play an important role in the field of industrial processing. In the past year, China's industrial manufacturing industry has undergone a steady transformation, which has also caused a certain change in the demand for machine tools. That is, the demand for medium and high-end products has increased faster than that of low-end products, and the industry has begun to move toward high-end.
China's machine tool industry has continued its overall downward trend in the past two years, and the market demand structure has undergone tremendous changes. The global economic rebalancing and the slowdown of China's economic growth have had a comprehensive and profound impact on the machine tool industry. The growth factors that have been developed in the past 10 years have undergone profound changes, and their outstanding features are manifested in two aspects. That is, the significant reduction in the total demand and the accelerated upgrading of the demand structure.
The cumulative import volume of machine tool products decreased by 19.3% year-on-year, of which metal processing machine tool imports decreased by 24.0% year-on-year. In metal processing machine tools, the import value of gold cutting machine tools decreased by 25.7% year-on-year. This is in addition to 2009 affected by the global financial crisis. Imports of machine tools have fallen sharply for the first time in nearly 10 years. At the same time, the structure of imported machine tool products in China has undergone many obvious changes in the past two years, and the demand for high-precision, high-speed, high-efficiency and intelligent medium-to-high-end CNC machine tools has increased significantly.
According to industry insiders, with the further blurring of domestic and international market boundaries and the technological advancement of domestic machine tools, the mid-end machine tool market has become a hot spot for competition. At the same time, the high-end machine tool import growth has not changed due to domestic high-end demand; The development of line-up equipment, intelligent manufacturing islands, digital workshops, manufacturing services, etc. has not yet formed a scale advantage, which will be the goal of China's machine tool industry to face new changes and create a new future.
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