Analysis on the Development Trend of China’s CNC Machine Tool Industry

With the support of national policies and the continuous pursuit of innovation by some enterprises, China’s CNC machine tool industry has developed rapidly, and the scale of the industry is also expanding. Now analyze the development trend of CNC machine tool industry in 2023.

As the “mother machine” of industry, CNC machine tools play an important role in improving the industrialization level of the manufacturing industry.

Due to the impact of the epidemic and energy supply constraints, the market size of China’s CNC machine tool industry will decline slightly in 2020, with a market size of 247.3 billion yuan, a year-on-year decrease of 24.4%.

Benefiting from multiple favorable conditions such as the strong recovery of China’s manufacturing industry after the epidemic, the demand for equipment renewal in the machine tool industry, and the localization of machine tools, China’s machine tool industry has begun to pick up. In 2021, the market size of China’s CNC machine tool industry will resume growth, reaching 268.7 billion yuan. The annual CNC machine tool industry scale will reach 295.7 billion yuan.

From the perspective of product distribution, China’s CNC metal cutting machine tools will have the largest scale in 2020, accounting for 53.8% of the overall CNC machine tool industry; followed by CNC metal forming machine tools, accounting for 28.5% of the overall industry scale; CNC special processing machine tools account for the overall industry. The scale proportion is 16.8.

From the perspective of investment and financing, there will be one investment and financing event in China’s CNC machine tool market in 2021. The investment and financing amount will complete 617 million yuan, the highest level in recent years. The continued prosperity of the capital market will drive the income of the entire industry chain.

From the perspective of import and export prices, the import volume of CNC machine tools in China has remained above 10,000 units except for 2020, and the trend of import value and quantity changes is basically consistent. In 2021, China will import 13,694 CNC machine tools, with an import value of 17.27 billion yuan .

In terms of price, the average import price of CNC machine tools in China has remained above 1 million yuan/set, reaching 1.933 million yuan/set in 2019, the highest value since 2014. The average import price in 2020 and 2021 will be 1.64 million yuan/set respectively, 1.261 million yuan/set, the average import price has dropped but remains at a high level.

In 2020 and 2021, the average export price of China’s CNC machines will be 106,000 yuan/set and 123,700 yuan/set, and the average import price is more than 10 times higher than the average export price.

It can be seen that the CNC machine tools produced in China are concentrated in the low-end market, the added value of related products exported is low, and the high-end CNC machine tools rely on imports.