The annual growth rate of China's machine tool mar

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By 2014, the annual growth rate of China's machine tool market demand will exceed 14%

according to the industry Market Research Institute Freedonia group, by 2014, the demand for machine tools in the Chinese market will increase by 14.2% to 389billion yuan. This strong growth momentum will consolidate China's current position as the world's largest machine tool consumer and producer. The supply and demand of the industry will benefit from the "12th Five Year Plan" formulated by the government. The "12th Five Year Plan" specifically regards the machine tool industry as one of the strategic emerging industries (SEIS), which will receive government support and promote independent innovation

high end equipment manufacturing has been listed as a strategic emerging industry, and will focus on Cultivation and development in the future. Advanced machine tool manufacturing is high-end equipment manufacturing 4 Jinan trial also reduces links and adds an important part of the continuous and stable work of mechanized design. Therefore, the industry can obtain subsidies from the central and local governments for research and development. The sale of high-end machine tools can also benefit from the tariff policy, thereby increasing the sales of local products

The main markets of machine tools in China are industrial machinery and equipment, transportation equipment, primary metal products and electrical and electronic equipment. Among them, its annual revenue is about US $15billion. Because industrial machinery is widely used in various industrial fields, it has become the largest market for machine tools. Due to the explosive development of how China's automotive industry judges the quality of an electronic tensile testing machine, the manufacturing of transportation equipment has been the second largest market for machine tools in the past 10 years

metal cutting machine tools are the largest product category, and their scale is 3 times that of metal forming machine tools, especially when used in wet construction environment. In 2014, the demand growth rate of China's machine tool accessories market will reach 16.1%, faster than that of metal cutting machine tools and molding machine tools

(source: China Hardware)

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