According to the report of BOC International, as the world's largest consumer of machine tools, the self-sufficiency rate of China's high-end CNC machine tool industry is seriously low, and there is a big gap between the design and development, materials technology, parts and components and the world's advanced countries. In the benefit of the national industrial policy, the huge demand of the downstream industry has won valuable development opportunities for the Chinese CNC machine tool industry.
According to statistics, since 2010, the growth rate of production and sales of the machine tool industry has been above 40%. It is expected that the compound growth rate of the machine tool industry will be 25% to 30% in the next five years, and the medium and high-end CNC machine tools will become the main growth force. Galaxy Securities explained that “the growth momentum comes from the continuous upgrading of existing products and the gain of international market share. On the other hand, it comes from technological R&D and product innovation, and enters the product areas supported by the state to form new growth points. â€
Professor Yu Shengmei, a national-level CNC machine tool expert, said, “In the past, during the 12th Five-Year Plan period, the total amount of research funds allocated to CNC machine tools by the state may reach 10 billion yuan.â€
According to statistics, since 2010, the growth rate of production and sales of the machine tool industry has been above 40%. It is expected that the compound growth rate of the machine tool industry will be 25% to 30% in the next five years, and the medium and high-end CNC machine tools will become the main growth force. Galaxy Securities explained that “the growth momentum comes from the continuous upgrading of existing products and the gain of international market share. On the other hand, it comes from technological R&D and product innovation, and enters the product areas supported by the state to form new growth points. â€
Professor Yu Shengmei, a national-level CNC machine tool expert, said, “In the past, during the 12th Five-Year Plan period, the total amount of research funds allocated to CNC machine tools by the state may reach 10 billion yuan.â€
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