Ultimate potential of china抯 metalworking industry
The world machine tools market is anticipated to keep the compound annual growth rate of 7% during 2001 to 2010, while market size is expected to grow by us$ 68.8 billion through to 2010. in the global machine tools market, the metal cutting machine tool industry contributed 59% in 2007, expecting an increased annual rate of 7.6% by 2010.
China is ranked first worldwide in machine tool expenditure and third in machine tool making. the industry抯 total output value was us$ 40.4 billion in 2007, a staggering 36% increase when compared to the previous year.
●Metal cutting tools: the total output value of metal cutting tools was us$ 11.3 billion in 2007, which increased to 34%. export value reached us$ 0.9 billion, an increase of 28% compared to the previous year.
●Computer numerical control tools: a great number of classic cnc made in china, such as five-axis cnc are coming out, which occupied the local market from 28% in 2003 to 56% in 2007. total output is expected to reach 150,000 units in 2008, while annual rates will increase to 17%. about 50% of the demand is anticipated to come from the local market in 2010.
Publishing background
In a strategic editorial partnership with american machinist, germany抯 werkstatt und betrieb and a team of authoritative editorial advisors in china, international metalworking news for china facilitates technology transfer from around the world by providing readers the latest information on metal cutting and metal forming processes, and the latest in machinery and use of materials. international metalworking news for china offers practical solutions for improving productivity, reducing cost, and turning innovations into real competitive advantages. the publication also honors those who have made significant technological contributions to china抯 plastics industry in its annual technology innovation awards issue.
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Published 10x a year in simplified chinese, international metalworking news for china reaches a qualified controlled readership of manufacturing decision makers who plan the purchase of machinery, materials and execute manufacturing strategies, and plant managers who evaluate and make recommendations. each subscription is requested in writing, each reader is qualified by name, job title and industry, and each reader is updated and re-qualified annually by our call center.
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