EN
The machine tool industry is a strategic industry related to the national economy, serving as the processing mother machine for equipment manufacturing and a key equipment for manufacturing. Almost all metal cutting and forming processes require the use of machine tools. Domestic machine tools have been advancing and striving forward. Compared to ten or twenty years ago, domestic machine tools have made too much progress. State owned machine tools only care about receiving national subsidies, while private machine tool enterprises have shown us hope.
Due to its late start, China's industry has a certain technological gap with developed countries, and the machine tool industry is no exception. Fortunately, both the country and machine tool companies have never given up on challenging cutting-edge technology. After the proposal of "Made in China 2025", the machine tool industry has also set the goal of moving towards "high-precision and cutting-edge".
With strong support from national policies, China's machine tool industry has developed rapidly and has become the world's largest consumer and importer of machine tools for several consecutive years. The demand for machine tools continues to increase, and the total output value of the machine tool industry also continues to rise. In terms of policies, the Chinese government has listed the development of large-scale, precision, high-speed CNC equipment and functional components in the metal cutting machine tool industry as one of the important national revitalization goals, which will also promote the rapid development of the industry.
Development trend
Industrial automation is the foundation for achieving "Industry 4.0", and the most representative indicator of industrial automation is the popularity of robots. Currently, there are only 21 robots per 10000 people in China, which is a huge gap compared to developed countries such as Japan and South Korea, and a significant gap compared to the global average of 55 robots per 10000 people. Therefore, accelerating the development of industrial automation is the top priority for China's processing and manufacturing industry.
From 2015 to 2018, China's CNC machine tool industry gradually grew. In 2018, the market size of China's CNC machine tool reached 338.9 billion yuan, an increase of 10.73% compared to 2017. From 2014 to 2017, the production of finished products in China's CNC machine tool industry gradually increased. In 2018, the scale of finished products in China's CNC machine tool industry reached 25.4 billion yuan, an increase of 6.00% compared to 2017.
According to data from the National Bureau of Statistics, the machine tool industry has experienced rapid profit growth this year. The reason may be related to the low base in previous years. Among them, metal cutting machines, cutting tools, bamboo and wood machinery, and other specialized equipment, as well as forming machine tools, have a relatively high increase. The profit margin of the main operating income is relatively high for cutting tools, bamboo and wood machinery, and other specialized equipment and functional components. Although the profit growth rate of the metal cutting machine tool industry seems not low, the profit margin is only 4.92%, which is the lowest among all major sub industries. This shows that the metal cutting machine tool industry, which is mainly composed of general machine tools, is indeed very difficult.
