High-end CNC Machine Tools: Intelligent Equipment Promote China's Manufacturing Upgrade

May 27, 2023

Summary of contents: In recent years, the numerical value of production value in China's machine tool industry has continuously increased, reaching 53.2% by the end of 2009. However, compared with 80-90% of developed countries, there is still a big gap. Although the percentage of China’s machine tool imports in recent years has declined, the average annual import volume is still around US$600-700 million, and the machine tool industry’s import substitution space is huge.

In recent years, the numerical value of the output value of China's machine tool industry has been continuously improved. By the end of 2009, it has reached 53.2%. However, there is still a big gap compared with 80-90% of the developed countries. At present, the profit rate of China's machine tool industry enterprises is only 5 to 6%. With the increase in the numerical control rate of China's machine tool industry, there will still be great room for profit in the future.

At the same time, with the improvement of the industry's numerical control rate, the export value of the machine tool industry and the unit price of export products have all shown an upward trend. The decline in industry profitability, machine tool export, and product unit price in 2009 was mainly affected by the economic crisis.

Demand mainly comes from high-end manufacturing and import substitution machine tools are the carrier of advanced manufacturing technology and the basic production means of the equipment industry. As China's industrial upgrading, structural adjustment continues to deepen, from high-end manufacturing of aerospace, automotive, shipbuilding, electronics, weapons, etc. The demand for machine tools in the industry, especially the demand for high-end CNC machine tools, will continue to increase.

According to China's "Mid-term and Long-term Plan for Scientific and Technological Development of the State (2006-2020)", the "major special project for high-end numerically-controlled machine tools and basic manufacturing equipment" requires that by 2020, aerospace, shipbuilding, automobile, and power generation equipment manufacturing About 80% of high-end CNC machine tools and basic manufacturing equipment should be based in China.

Although the percentage of China’s machine tool imports in recent years has declined, the average annual import volume is still around US$600-700 million, and the machine tool industry’s import substitution space is huge.

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Author:

Ms. SU LAN RONG

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