CNC machine tools will become the main force in the cutting market in the future

As the world's largest consumer of machine tools in the world, China's self-sufficiency rate in the high-end CNC cutting machine tool industry is seriously low, and there is a big gap between the design and development, materials technology, parts and components and the world's advanced countries. In the benefit of the national industrial policy, the huge demand of the downstream industry has won valuable development opportunities for China's CNC cutting machine tool industry, “increasing consumption power and infrastructure construction caused by regional revitalization planning.” Determined China's automobile market and engineering. The machinery market will maintain good growth for a long period of time, which will determine the good prospects for the growth of China's CNC cutting machine tool market.” According to statistics, since 2010, the growth rate of production and sales of the machine tool industry has been above 40%. In the next five years, the compound growth rate of the machine tool industry will be 25% to 30%, and the medium and high-end CNC cutting machine tools will become the main growth force. Explain that “the growth momentum comes from the continuous upgrading of existing products and the gain of international market share. On the other hand, it comes from technological R&D and product innovation, and enters the product areas supported by the state to form new growth points.”
 

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