In 2014, the country is expected to maintain steady growth while continuing to optimize its economic structure. This environment demands that industries restructure their current frameworks and focus on moving toward high-end capabilities, building upon the progress already made in the mid-range segment. On one hand, domestic manufacturers must compete with foreign products and joint-venture offerings, facing intense pressure in the mid-range market. On the other hand, they need to invest more in R&D, aim for the high-end market, and break free from the limitations of being dependent on external technologies.
In terms of research and development, companies are adopting an innovative strategy supported by national policies, with enterprises as the core and innovation as the driving force. Given that the machine tool industry requires substantial investment and has a slow return, long-term development cannot be achieved through individual efforts alone. Therefore, multiple companies are collaborating on common technology R&D, and research institutions are being involved through public-private partnerships (PPP) to accelerate progress. At the national level, increased investment in basic research and talent development is essential to support this transformation.
Looking ahead, 2014 will see continued growth based on the performance of 2013. Output is expected to rise slightly, and import demand will remain strong. However, the demand will increasingly favor high-end products, while mid-range products may also see growth due to the expansion of local market-oriented services abroad.
With the surge in demand for critical equipment in sectors such as defense, aerospace, high-speed rail, automotive, and mold manufacturing, China has experienced rapid development, achieving significant progress in areas like high-speed processing, multi-axis machining, precision, and composite technologies. Despite these achievements, there remains a considerable gap in accuracy, reliability, and overall performance compared to international standards.
The capabilities of machine tools directly reflect a nation's industrial strength. While China has made strides, it still lags behind countries like the U.S. and Germany. The domestic market is largely dominated by low-end and mid-range products, with foreign firms holding 70%–80% of the market share and 90% of the numerical control systems—both conventional and advanced. Although China has some competitive advantages in medium and low-end products, its high-end sector remains a key weakness, especially in four major fields: aerospace, automotive, shipbuilding, and power generation equipment manufacturing. These sectors are crucial for industrial upgrading.
Despite the government's initiative under the "High-End and Basic Manufacturing Equipment" program, aiming to achieve 80% self-reliance in high-end manufacturing equipment by 2020, only a few breakthroughs have been realized so far. For instance, Jiji Machine Tool successfully commercialized a large-scale high-efficiency CNC automatic stamping production line. However, critical components and high-end CNC systems still require further development and improvement.
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