China has long been the world’s largest consumer of machine tools, and it remains the top importer of such equipment from Germany and Japan. The sustained growth in overall machine tool consumption has significantly driven demand for lathes. Since the end of January 2013, data on China’s machine tool product trade have shown that lathes hold the leading position in the market with a 25% trading share, followed closely by machine tool accessories with a 4 percentage point difference. CNC machines, grinders, and drilling machines also maintain strong positions, with market shares of 20%, 18%, and 16%, respectively.
In recent years, China's machine tool industry has experienced rapid economic growth, and the numerical control rate of production machinery has steadily increased. Luo Baihui, chief analyst at Jinmo Machine Tool Network, noted that there are over 4 million conventional machine tools in China, with more than a quarter being over 30 years old. These outdated machines have little to no value for modernization and must be phased out. The remaining 75% of the machines are expected to undergo CNC transformation. This large-scale upgrade could generate an updated market worth hundreds of billions, playing a crucial role in sustaining economic growth. It is estimated that the CNC transformation initiative could create industrial added value of several hundred billion yuan.
Currently, machine tool consumption in China has grown by nearly 10% annually on average. Over the past two decades, the global machine tool market has more than doubled, reaching approximately $86 billion in 2011. In 2013, increased investment in large-scale infrastructure projects—such as high-speed rail, urban transit, airports, and power grid expansion—is expected to further boost domestic economic growth and drive demand for advanced machinery.
According to existing machine tool consumption data, under the national macroeconomic planning, the machine tool market is projected to grow by 14.2% in 2013, reaching 389 billion yuan. This robust growth trend reinforces China’s position as the world’s largest machine tool consumer and producer. While continuing to import high-end machine tools, China has also developed a comprehensive plan for its domestic machine tool industry, particularly in the field of numerical control. The "CNC Generation" initiative aims to integrate CNC technology into the entire industry, setting a clear path for future development.
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