Abstract In 2014, the country is expected to maintain steady growth while focusing on structural adjustments. This economic environment requires industries to restructure their current setups and focus on high-end development by building upon existing mid-range achievements. On one hand, companies must compete with foreign products and joint-venture offerings, facing intense pressure in the domestic mid-range market. On the other hand, they need to invest more in R&D, strive to enter the high-end market, and break free from the situation of being dependent on external technologies.
In terms of R&D, companies are implementing an innovative development strategy supported by national policies, with enterprises as the core and innovation as the driving force. Given that the machine tool industry involves heavy investment and a long-term return, it’s difficult for a single company to achieve sustainable growth. Therefore, multiple companies are collaborating on shared technology research and development, while also involving research institutions in public-private partnerships (PPP) to accelerate progress. At the national level, increased investment in basic research and training of R&D personnel is essential to support long-term technological advancement.
In 2014, the economy is expected to grow steadily based on 2013's performance. Output is likely to rise slightly, and import demand will remain strong, but there will be a stronger shift toward high-end products. Mid-end products are also expected to see growth due to the expansion of local market-oriented services abroad.
With the surge in demand for key equipment manufacturing sectors such as defense, aerospace, high-speed rail, automotive, and mold production, China has made significant progress. Its technology has advanced notably in areas like high-speed, multi-axis, precision, and composite capabilities. However, there remains a noticeable gap in accuracy and reliability compared to foreign counterparts.
The level, variety, and production capacity of machine tools directly reflect a country’s industrial strength. While China lags behind the U.S. and Germany in some aspects, it has experienced nearly half of the world’s development cycle. Compared to countries like Germany, the U.S., and Japan, China still faces challenges in both quality and technological depth. The domestic market is largely dominated by low-end and mid-range products, with 70%–80% of the market share held by foreign companies, and 90% of numerical control systems are imported.
Our country has certain strengths in medium and low-end products, but high-end capabilities remain a critical weakness. High-end machine tools are essential for four key fields: aerospace, automotive, shipbuilding, and power generation equipment manufacturing. They are crucial for industrial upgrading. Although the government has launched the “High-End and Basic Manufacturing Equipment†initiative, aiming to meet 80% of the needs for these four sectors by 2020, only a few breakthroughs have been achieved so far. For example, a large-scale high-efficiency CNC stamping line from Jiji Machine Tool has successfully entered the commercial market. However, key components and advanced CNC systems still require further development and improvement.Stainless Steel Double-ended
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