Machine Tool Industry Compound Growth of 25%~30% in the Next 5 Years

"The level of the machine tool industry essentially reflects the industrial level of a country." Professor Yu Shengmei said, "CNC Machine Tools are called master machines for high-end equipment manufacturing, but our country's demand for low-end machine tools is still very large, It is obvious that the industrial level is not as good as that of foreign industrial countries."

“The backwardness of the machine tool industry is caused by various factors.” Yu Shengmei analyzed to reporters. “The technology of China's machine tool industry mainly comes from the help of Soviet technical personnel in the 50s and 60s of the last century, but afterwards due to treatment, etc. The problem is that the loss of researchers in the machine tool industry is very fast and cohesiveness is not enough. Long-term backwardness has caused domestic companies to spend more to buy foreign products and meet their own needs. It will take at least several decades to change this situation. Accumulation."

However, the huge demand for the machine tool industry is close at hand. “Researching machine tool-related technologies must be practical and time-consuming. However, some companies are very short-sighted and wait for orders to be placed this month. The next month’s products will Effective, so they have chosen to buy foreign products, rather than supporting the domestic enterprises." Yu Shengmei said. Under such a background, a large amount of profits have been absorbed by foreign industrial advanced companies. “Even if domestic companies have developed similar products at the same price, domestic downstream industry companies are still willing to choose products from foreign companies and feel that the technology is more mature and more assured. Yu Shengmei told reporters.

The BOCI International report also pointed out that as the world's largest machine tool consumer, the self-sufficiency rate of China's middle and high-end CNC machine tools industry is seriously low, and there is a big gap between the world's advanced countries in design and R&D, materials and processes, and parts and components. . While benefiting the country’s industrial policy, the huge demand of the downstream industry has won precious opportunities for the development of the CNC machine tool industry in China. “Continually increasing consumption capacity and infrastructure development driven by regional revitalization planning have determined the Chinese automobile market and construction machinery. The market will continue to maintain a good growth for a long period of time, which will determine the good prospects for the growth of China's machine tool market," said BOC International in its report.

According to statistics, since 2010, the growth rate of production and sales of the machine tool industry has been over 40%. Galaxy Securities expects that the compound growth rate of the machine tool industry will be 25% to 30% in the next five years, and mid- to high-end CNC machine tools will become the main force for growth. Galaxy Securities explained that “the growth momentum comes from the continuous upgrading of existing products, gaining international market share, and on the other hand, through technology research and development and product innovation, entering the country’s key support product areas and forming new growth points. ”

“The current situation is much better than it was before.” Yu Shengmei said, “Each of the previous studies had very little funding, and during the 12th Five-Year Plan period, the total funding for state-funded CNC machine tools will be Reach 10 billion yuan."