Foshan Yuhai Screw Machinery Co. LTD
Machine tool market sales growth or will narrow
Date: 2020-10-20 14:07:05


  The reporter was informed that in the future, the growth rate of sales in the international machine tool market may narrow. According to the industry, China's machine tool industry is still difficult to change the downturn in the short term. The narrowing of international market demand will undoubtedly give China's machine tool industry a heavy hammer, and the industry's long-term planning to improve the level of structure will also be more difficult.

According to data from the 2015 European Machine Tool Show press conference in Milan, Italy, machine tool sales in the global market will reach 60 billion euros this year, will increase by 7.1% to 64 billion euros in 2016, and will increase by 5.6% to 67.7 billion euros in 2017. In 2018, it will grow by 4.7% to 80 billion euros. Industry insiders analyze that the narrowing of the future market sales growth reflects the gradual decline in the growth rate of the international machine tool market demand, which will adversely affect the structural improvement of China's machine tool industry.

  In fact, China's machine tool industry has not been out of sluggish demand, and production is shrinking. In 2014, new orders for metal processing machine tools fell by 2.7% year-on-year, orders in hand fell by 0.6% year-on-year, and the output of metal processing machine tools fell by 2% year-on-year.

   Due to the limited technical level, domestic high-end machine tools mainly rely on imports, while low-end machine tools have overcapacity, high inventory, and small profit margins. "High-end fall, low-end melee" is the main cause of business losses. The industry is in poor condition, and the transition to high-end products will be the way out for the development of the machine tool industry in the future. It can be seen from customs statistics that in the first quarter of this year, the export growth rate of some high-end manufacturing products such as metal processing machine tools exceeded 20%.

Industry insiders admitted that the severe market situation will be the biggest boost to force the transformation of the industry. As China's manufacturing industry gradually transforms from low-end to high-end, for machine tool manufacturers, in the future, the market will experience a downturn in the industry. Only product competition, sales ability, and financing ability will become important factors for companies to stand out in the industry.

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