The industry expects machine tool consumption to increase by 12% year-on-year this year

Abstract Introduction: Machine tools are one of the foundations of modern industrial manufacturing. They are widely used in the field of parts processing. At present, as the world's largest manufacturing country, the demand for machine tools has been maintained at a high level. The industry expects machine tool consumption to increase by 12% in 2013. &n...
Introduction : Machine tools are one of the foundations of modern industrial manufacturing, and it is widely used in the field of parts processing. At present, as the world's largest manufacturing country, the demand for machine tools has been maintained at a high level. The industry expects machine tool consumption to increase by 12% in 2013.

After China's machine tool industry experienced a rapid growth of ten years, starting from the second half of 2011, the downtrend of the whole industry is obvious, and the growth rate continues to slow down. By the end of last year, new orders in the machine tool industry had been negative for 19 consecutive months, and the decline was large. Several well-known machine tool companies in China have also suffered losses, and the industry situation is not optimistic. The industry generally believes that the golden decade of high-speed growth in the machine tool industry has come to an end.

However, the “Twelfth Five-Year Plan” specifically regards the machine tool industry as one of the strategic emerging industries, which will receive government support and promote independent innovation. Under the overall economic planning of the state's macroeconomic regulation and control, the supply and demand of the industry will benefit from the “Twelfth Five-Year Plan” formulated by the government.

Investment in large infrastructure in 2013 will drive China's economic growth, especially for high-speed rail, rural rail transit, airports and power grid expansion. China's industrial infrastructure modernization process is accelerating, and the demand for efficient modern manufacturing technology is increasing. Under the stimulus of industrial demand, the growth rate in 2013 is expected to reach nearly 38.1 billion US dollars, and almost every user industry is driving this market.

Experts speculate that by 2020, China's domestic machine tool casting technology level is at the forefront. Aerospace, shipbuilding, automobile manufacturing, and power generation equipment are the accelerators that drive the development of machine tool casting technology industry. These four industries are major customers in the machine tool casting industry, and also have a great impetus to the development of the national economy.

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