From the index of China's machine tool products trade in late January 2013, it can be seen that the 25% market share of the lathe is ranked first in the machine tool list, and the machine tool accessories are also followed by a difference of 4 percentage points. The market share of CNC machine tools, grinding machines, and drilling machines is quite similar, with 20%, 18%, and 16% of market share followed.
In recent years, the economic growth of China's machine tool industry has been rapid, and the numerical control rate of production machine tools has increased. However, there are more than 4 million ordinary machine tools in China, of which 1/4 of the machine tools are over 30 years old. These machine tools have no transformation value and need to be replaced. More than 70% of the remaining machine tools are capable of CNC transformation. . The transformation and renewal of many ordinary machine tools can form a new market demand of hundreds of billions of dollars, which can play a certain role in maintaining economic growth. Therefore, the numerical control transformation project can form an industrial added value of several hundred billion yuan.
At present, machine tool spending increases by an average of nearly 10% per year (in U.S. dollars). The size of the international machine tool market has more than doubled in 20 years, reaching around US$86 billion in 2011. Luo Baihui, chief analyst of Jinmo Machine Tool Network, believes that the main driving force for growth is from Asia. In 2011, 3/5 of the total international machine tool output flowed into the region. It is expected that the investment in large-scale infrastructure in 2013 will boost China's economic growth, especially investment in high-speed railways, urban rail transit, airports and grid expansion. The process of modernization of China’s industrial infrastructure has accelerated, and the demand for efficient modern manufacturing technologies has increased.
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