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China: CNC Machine Tool Market to Reach Over RMB6 billion



Nov 24, 2010 – According to the report “Global and China Machine Tool Industry Report 2009-2010” available at focuses on the development of the global and China machine tool industry, sub-sectors, and import & export of main products. 

In 2009 the global machine tool industry suffered heavy losses, and the gross industrial output value and sales revenue fell by 32% and 33% respectively from a year earlier. Stimulated by a series of policies for expanding domestic demand, the China machine tool industry thrived and the industrial output value grew by 7.6% year-on-year, surpassing Germany and Japan to rank No.1 in the world for the first time. The sales revenue of China machine tool industry rose by 0.5% year-on-year, becoming the largest consumer of machine tools all over the world for successive nine years. 

As a kind of high-precision and automation machine tool, Computerised numerical control (CNC) machine tool saw rapid growth in China in recent years. As of 2009, the output of CNC metal cutting machine tools had reached 143,900 sets, 10.2 times that in 2000; the CNC rate rose from 8% in 2000 to 24.8% in 2009. 

At the same time, the demand structure of China machine industry has changed soundlessly. The demand for ordinary and economical type of CNC machine tool has shrunk, while the demand for popular and high-end type of CNC machine tool continues to grow. It is expected that the demand for CNC machine tool will reach over 100,000 sets in China in 2010, of which 40% will come from medium and high-end models, the market size will be between RMB6 billion -7 billion. 

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