China’s metal cutting machine tools have huge growth potential and a promising future

In 2019, the global CNC metal cutting machine tool industry reached a scale of 78.33 billion US dollars, accounting for the highest proportion, reaching 52.5%; The scale of the CNC metal forming machine tool industry is 42.07 billion US dollars, accounting for 28.2%; The scale of the CNC special machining machine tool industry is 26.56 billion US dollars, accounting for 17.8%; The scale of other CNC machine tool industries is 2.24 billion US dollars, accounting for 1.5%.

In 2019, the scale of CNC metal cutting machine tool industry in China’s CNC machine tool industry structure was 173.96 billion yuan, accounting for the highest proportion, reaching 53.2%; The industrial scale of CNC metal forming machine tools is 93.20 billion yuan, accounting for 28.5%; The scale of the CNC special machining machine tool industry is 54.94 billion yuan, accounting for 16.8%; The scale of other CNC machine tool industries is 4.90 billion yuan, accounting for 1.5%.

Sheet metal processing is a fundamental industry that involves many fields of manufacturing. Its application scope mainly includes metal machinery manufacturing, automobile and motorcycle manufacturing, elevator manufacturing, communication equipment, power and electrical engineering, aerospace, metal furniture products, construction and engineering machinery, logistics and warehousing, ships and rail transit, and other fields. With China becoming the center of the world’s manufacturing industry and a major consumer country, the sheet metal industry, as one of the basic industries in the manufacturing industry, has achieved unprecedented development.

The sudden outbreak of the epidemic in the first quarter of this year has had varying degrees of impact on various aspects of the manufacturing industry. However, according to the National Bureau of Statistics, the PMI of China’s manufacturing industry was 50.8% in April this year, and it had already exceeded the 50% threshold in March. From statistical data, it can be seen that China’s epidemic prevention and control situation has further consolidated, production has accelerated recovery, and manufacturing and production and business activities continue to improve.

From a global perspective, China has become the center of global manufacturing. In the machine tool industry, with the rapid development of the economy and the increase of fixed assets investment, China has become the world’s leading machine tool producer and consumer. In terms of the scale of the CNC machine tool industry, it is only 0.6% lower than Japan, which ranks first.

China’s sheet metal machine tool market is huge, and sheet metal enterprise clusters have been formed in China’s manufacturing developed areas, such as the Yangtze River Delta, the the Pearl River Delta and the Bohai Rim Economic Zone, especially in Suzhou, Shenzhen, Cangzhou and other cities, where a large number of CNC sheet metal enterprises have emerged. The industry’s concentration ratio is constantly improving, and professional sheet metal processing service providers are forming.

CNC, automation, and intelligence are the general trends in the machine tool industry. In recent years, the CNC production rate of machine tools in China has maintained a stable growth overall, mainly related to industrial transformation and upgrading. With the continuous deepening of the structural adjustment of China’s machine tool industry, the CNC rate of China’s machine tool industry has significantly increased, but there is still a significant gap compared to the international manufacturing powerhouse machine tool industry. In the future, the CNC, automation, and intelligence of China’s machine tool industry are expected to further improve, thereby improving product quality.

In summary, the high growth of the metal forming machine tool industry is mainly driven by two major factors: market expansion and industrial structure improvement. The widespread application of sheet metal in the industry has led to the expansion of its market size, while the emergence of high-end CNC flexible equipment, the emergence of professional sheet metal processing service providers, and the import substitution rate entering the fast lane have improved the industrial structure of sheet metal. It can be foreseen that in the future, sheet metal processing will move towards high efficiency of processing equipment; Energy conservation; Cost reduction; Productivity improvement; The direction of deepening digital control development. The development prospects of metal forming machine tools are promising. (The text is sourced from the internet, and the information is only for communication purposes. If infringement is involved, please contact us to inform us of deletion.)

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