The industry is currently localizing mid-to-high-end products.
For a long time, domestic CNC machine tools have faced the challenge of expanding low-grade products rapidly, making slow progress in mid-grade products, and heavily relying on imports for high-grade products. Especially for key equipment needed in national projects, we mainly rely on imports, and the technology is controlled by others. The industry needs to undergo a gradual "quantitative change", as it is currently in the process of localizing mid-to-high-end products. However, the localization of mid-to-high-end CNC machine tools in China's CNC machine tool industry won't happen soon.
The market size is expected to drop by nearly 25% in 2020.
From 2017 to 2019, my country's CNC machine tool industry experienced significant fluctuations in scale. In 2018, the industry reached a scale of 334.7 billion yuan, showing a year-on-year growth rate of 10.50%, which was slower than the growth rate in 2017. In 2019, the industry's scale decreased to 327 billion yuan, indicating a year-on-year decrease of 2.30%. This decline can be attributed to the adjustment and upgrading of the overall demand structure in the machine tool industry, as well as a slowdown in downstream fields. Due to the impact of the epidemic in 2020, China's CNC machine tool industry experienced a significant decline, reaching 247.3 billion yuan, a year-on-year decrease of 24.37%.
The highest number of companies involved in the abrasive industry.
According to statistics from the National Bureau of Statistics and China Machine Tool Association, the machine tool market in 2019 witnessed fluctuations and a contraction in total demand, as well as adjustments and upgrades in demand structure. With these changes, the industry's structure and balance were disrupted. During this adjustment and development process, industry enterprises made continuous efforts to adapt to the drastic market changes. Some enterprises focused on their core business, deeply understanding market demands, and enhancing their adaptability. However, many companies faced severe operating difficulties, significant losses, funding shortages, and some even had to undergo reorganization or halt production. As a result, the industry experienced a major differentiation in its overall landscape. According to data from the China Machine Tool Association, as of December 2020, the composition of large-scale enterprises in China's machine tool industry is as follows: a total of 5,720 enterprises, divided into eight sub-industries: 833 metal cutting machine tools (accounting for 14.56%), 529 metal forming machine tools (9.25%), 747 measuring tools and 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 biggest consumers of CNC airports.
In terms of downstream consumption in the CNC machine tool industry, automobiles account for about 40% of the demand, making it the primary consumer. Aerospace follows with around 17% of the demand, while molds and construction machinery rank third in terms of CNC machinery. The fourth consumer sector represents approximately 13% and 10% of the demand, respectively.
The market is expected to exceed 540 billion yuan by 2026.
Looking at the market sales prospects, the main demand areas for CNC machine tools in China will undergo an adjustment period from 2021 to 2026. This adjustment will impact CNC machine tool sales for a certain period. However, after this downstream adjustment period, the demand for CNC machine tools will significantly increase, leading to accelerated sales growth.
Although the epidemic has temporarily decreased the demand for machine tools in the downstream market in 2020, the long-term outlook is positive. Thanks to the convenience of CNC machine tools, the demand will rebound in 2021 and surpass 540 billion yuan.
Source: Analysis of China's CNC machine tool industry market scale and development trends in 2022. The industry has been affected by the epidemic, leading to a decrease in overall scale. [Photo]_Industry Research Report