According to the report of BOC International, as the world's largest consumer of machine
Tools, the self-sufficiency rate of China's high-end CNC machine tool industry is seriously low, and there is a big gap between the design and development, materials technology, parts and components and the world's advanced countries. Benefiting from the national industrial policy, the huge demand of the downstream industry has won valuable development opportunities for China's CNC machine tool industry, “increasing consumption power and infrastructure construction caused by regional revitalization planning.†China's auto market and construction machinery are determined. The market will maintain good growth for a long period of time, which will determine the good prospects for the growth of China's machine tool market," BOC International said in the report.
According to statistics, since 2010, the growth rate of production and sales of the machine tool industry has been above 40%. Galaxy Securities expects that the compound growth rate of the machine tool industry will be 25% to 30% in the next five years, and the medium and high-end CNC machine tools will become the main growth force. Galaxy Securities explained that “the growth momentum comes from the continuous upgrading of existing products and the gain of international market share. On the other hand, it comes from technological R&D and product innovation, and enters the product areas supported by the state to form new growth points. â€
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