Bright future for China machine tool industry

China’s machine tool industry sales revenue is predicted to continue increasing in 2012 and 2013, reports Research and Markets. The industrial upgrade and technology alteration of downstream industries in 2012 has great demand for machine tool mould products, and the demand obviously develops towards the high end it is forecasted that the import of China’s high-end machine tools and moulds will remain an increasing trend.

In 2011 , China s machine tool industry realised total output value of Rmb760.390 billion, increasing by 32.5% YOY. Under the obstinately high pressure of import, the market share occupied

by domestic machine tools was 66.1% in 2011, decreasing by 0.8 percentage point compared to that in last year. In 2011, the import growth rate of China’s metalworking machine tools reached as high as 40.6%, 11.2 percentage points higher than the growth rate of China’s machine tools’ output value of the same category, which reflects the acceleration of upgrading of market demand structure and the evident increase of users’ demand for medium and high-end products. It also reflects that domestic medium and highend products are still unsatisfying in terms of technology, industrialisation, market adaptability, overall service and so on as the situation changing.