Next year, China's machine tool accessories growth rate will reach 16.1%

Abstract The main markets of machine tools in China are industrial machinery and equipment, transportation equipment, primary metal products and electrical and electronic equipment. Among them, industrial machinery has become the largest market for machine tools because it is widely used in various industrial fields. Due to the explosive development of China's auto industry, transportation...
Machine tools in China's main markets are industrial machinery and equipment, transportation equipment, primary metal products and electrical and electronic equipment. Among them, industrial machinery has become the largest market for machine tools because it is widely used in various industrial fields. Due to the explosive development of China's auto industry, transportation equipment manufacturing has been the second largest market for machine tools in the past 10 years. Metal cutting machine tools are the largest product category, three times the size of metal forming machine tools.

According to some experts, the demand growth rate of China's machine tool accessories market will reach 16.1% in 2014, faster than metal cutting machine tools and forming machine tools.

The machine tool industry consists of eight small industries, including metal cutting machine tools, metal forming machine tools, foundry machinery, woodworking machine tools, cutting tools, abrasive tools, machine tool accessories (including rolling functional components), and machine tool electrical appliances (including CNC systems). The basic equipment industry that provides working machines in all fields of the economy is a strategic industry that is urgently needed for the modernization of national defense military industry and an important indicator of the country's comprehensive competitiveness. CNC machine tools are high-end manufacturing equipment and an important area for the country to cultivate and develop strategic emerging industries. Advanced machine tool manufacturing is an important part of high-end equipment manufacturing, so the industry can receive subsidies from central and local governments for research and development. Sales of high-end machine tools can also benefit from tariff policies, thereby increasing sales of local products.

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