Manufacturing development, metal cutting machine tool market has huge potential

Since 2017, words such as "Made in China 2025", "Smart Manufacturing", and "Industry 4.0" have frequently appeared in front of people, and these words are sending us a signal: China must vigorously develop manufacturing. As an industrial master machine, machine tools are inextricably related to many industries. With the development of the manufacturing industry, many upstream and downstream machine tools have ushered in development opportunities, which also brought a huge potential market to the machine tool industry, among which metal cutting machine tools have the most obvious performance.

According to 2017 data, the output of metal cutting machine tools increased by 7.7% compared to 2016 (data from October 2017). The machine tool industry is in a period of recovery. From this perspective, it is very likely that the growth momentum of metal cutting machine tools will be maintained in the future. Moreover, from the downstream of metal cutting machine tools, my country's automobile, electronics, shipbuilding and other industries are in an upward phase, and there is still a lot of room for growth in the demand for metal cutting machine tools. Therefore, a comprehensive analysis shows that the market for metal cutting machine tools in the future has huge room for development.

Policy support Metal cutting machine tools have a good development environment

In 2017, a number of policies designated the development of the machine tool industry. The Ministry of Industry and Information Technology, in the "Key Points of Work in the National New Industrialization Industry Demonstration Base in 2017" released in early 2017, clearly pointed out that it is necessary to rely on the national demonstration base to play an important role in the "four bases" field in ten fields including high-end CNC machine tools. The "Several Opinions of the State Council on Accelerating the Revitalization of the Equipment Manufacturing Industry" also put forward 16 major technical and equipment fields that China will focus on in the future. In these policies, whether it is explicitly pointing out the development of the machine tool industry, or the development of downstream machine tool industries such as industrial robots, ships, rail transit, etc., are very beneficial to the development of machine tools. The policy support has created a good development environment for the machine tool industry. The advantages of the machine tool industry are undoubtedly the development advantages of metal cutting machine tools.