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China Machine Tool Industry 2010-2019 [Market Research Report]

  • Date Submitted: 12/16/2015 10:01 PM
  • Flesch-Kincaid Score: 55.4 
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Dec., 17, 2015, Mumbai, India: Market Reports on China presents the report, on “China Machine Tool Industry 2010-2019 [Market Research Report]”. Chinas machine tool still lags behind its counterpart in developed countries in terms of manufacturing process, which results in the obvious deficiencies in the technical level and operating speed of core components, accuracy preservation as well as the reliability of machine tool despite its rising sales revenue.

In recent years, the growth rate of fixed asset investment has kept dropping in China, reporting 15.7% in 2014 which decreased 8.8% compared with 2010. "http://www.marketreportsonchina.com/industry-mfg-market-research-reports-12126/research-china-machine-tool.html" As the demand for machine tool is mainly driven by investment, the decrease mentioned above directly leads to the continuous decrease in the growth of the market size of machine tool.

In 2014, machine tool industry in China brought in sales revenue of CNY 819 billion which increased 2% year on year. Although its output holds a leading position in the world, there are increasingly serious structural problems in the whole industry. Chinas machine tool still lags behind its counterpart in developed countries in terms of manufacturing process, which results in the obvious deficiencies in the technical level and operating speed of core components, accuracy preservation as well as the reliability of machine tool despite its rising sales revenue. If core component cant be localized, it will constitute a huge obstacle to machine tool industry in China.

The numerical control rate of machine tool in China is lower than that in other countries like the US and Japan with despite its increase in recent years. For example, the numerical control rate of metal-cutting machine tool is about 30% and that of metal-forming machine tool is less than 10%.

In 2014, machine tool industry in China reported an export value of USD 11.63 billion with a year-on-year...

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