The industry is in the stage of localization of mid-to-high-end products

For a long time, domestic CNC machine tools have always been in a situation of rapid expansion of low-grade, slow progress of mid-grade, and high-grade dependence on imports, especially the key equipment required by national key projects mainly rely on imports, and the technology is controlled by others. The growth of the industry requires slow "quantitative change", the industry is in the stage of localization of mid-to-high-end products, and the localization of mid-to-high-end CNC machine tools in China's CNC machine tool industry will not come soon.

The market size will plummet by nearly a quarter in 2020

From 2017 to 2019, the scale of my country's CNC machine tool industry fluctuated greatly. In 2018, the scale of my country's CNC machine tool industry was 334.7 billion yuan, a year-on-year growth rate of 10.50%, which was slower than the growth rate in 2017. In 2019, the scale of my country's CNC machine tool industry was 327 billion yuan, a year-on-year decrease of 2.30%. The main factor is the adjustment and upgrading of the overall demand structure of the machine tool industry, and the downstream fields are not sluggish. Affected by the epidemic in 2020, the scale of China's CNC machine tool industry reached 247.3 billion yuan, a year-on-year decrease of 24.37%.

The largest number of abrasives related companies

Statistics from the National Bureau of Statistics and China Machine Tool Association show that in 2019, the machine tool market is characterized by the volatility and contraction of total demand and the adjustment and upgrading of demand structure. Accompanying this, the industry structure and balance are broken. In the adjustment process of this change and development, industry enterprises have made unremitting efforts to adapt to the drastic changes in the market. Some enterprises focus on their main business, deeply cultivate market demand, and further improve their ability to adapt to the market. The more serious the operating difficulties, the serious losses, the shortage of funds, and some even had to undergo reorganization or were in a state of cessation of production and semi-shutdown, and the industry pattern showed a major differentiation. According to the data of China Machine Tool Association, as of December 2020, the composition of enterprises above designated size in my country's machine tool industry is as follows: a total of 5,720 enterprises, involving eight sub-industries: 833 metal cutting machine tools (accounting for 14.56%), metal forming machine tools 529 (9.25%), 747 measuring tools and measuring instruments (13.06%), 2025 abrasives (35.4%), 356 machine tool functional parts and accessories (6.22%), 467 foundry machinery ( 8.16%), 127 wood and bamboo processing machinery (2.22%) and 636 other metal processing machinery (11.12%).

Automobiles are the most important downstream demand of CNC airports

From the perspective of the proportion of downstream consumption demand in the CNC machine tool industry, automobile is the main downstream demand area, with a consumption proportion of about 40%; followed by aerospace, with a consumption proportion of about 17%; mold and construction machinery are the third and third place for CNC machinery respectively. The fourth consumer sector accounts for about 13% and 10% respectively.

The market size is expected to exceed 540 billion yuan in 2026

From the perspective of market sales scale prospects, from 2021 to 2026, my country's main demand areas for CNC machine tools will enter the adjustment period, which will affect the sales of CNC machine tools for a period of time. After the adjustment period in the downstream field, the demand for CNC machine tools will greatly increase , which will accelerate the growth rate of CNC machine tool sales.

Affected by the epidemic in 2020, the demand for machine tools in the downstream application market will decrease in the short term, but in the long run, due to the convenience of CNC machine tools, the demand for CNC machine tools will return to positive growth in 2021. It will exceed 540 billion yuan.

The above is from: Analysis of the market scale and development trend of China's CNC machine tool industry in 2022. The epidemic has lowered the overall scale of the industry [Photo]_Industry Research Report - Qianzhan.com (qianzhan.com)