Weak demand or forced transformation of China's machine tool industry

October 10, 2019

Abstract The Oxford Economic Report believes that China is implementing economic rebalancing measures to reduce investment, which has slowed economic growth. It is expected to grow at 7.2% in 2014 and 7.1% in 2015. Due to lack of investment, machinery, commercial vehicles, metal products industry will face...
The Oxford Economic Report believes that China is implementing economic rebalancing measures to reduce investment, which has slowed economic growth. It is expected to grow at 7.2% in 2014 and 7.1% in 2015. Due to weak investment, the machinery, commercial vehicles and metal products industries will face weak user demand. The low capacity utilization rate further reduces new equipment purchase expenses and corporate expansion. This will have a certain inhibitory effect on machine tool consumption in the medium term.

According to the information provided by the China Machine Tool Industry Association, the machine tool market continues to be sluggish, the gold cutting machine market is the most significant, and the imported machine tools have fallen sharply. The demand for low-end products has been significantly reduced. The export of machine tool tools showed a slight fluctuation.

In 2013, the consumption of metal processing machine tools in China reached US$31.91 billion, a year-on-year decrease of 16.6%. The consumption of gold cutting machine tools was US$ 20.71 billion, down 24.4% year-on-year; the forming machine tool was US$ 11.2 billion, up 2.8% year-on-year.

Although most of the machine tool products have experienced different degrees of decline, in the areas of “specialized, refined, special” products, automation products and high value-added services, they have shown a trend of contrarian growth, and this trend will continue to be continued to date. year.

For the trend of 2014-2015, China Machine Tool Industry Association believes that the trend of significantly reducing the total market demand and accelerating the upgrading of demand structure will not change. This kind of change will not only force the adjustment and transformation of China's machine tool industry, but also pose new challenges and new development opportunities for global machine tool manufacturers.

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