In 2018, China's demand in the machinery sector is expected to keep growing, with a notable rise in orders for machine tools. This trend is driven by the continuous expansion of the manufacturing industry, which has significantly boosted the need for high-quality equipment. Japan, in particular, has seen a surge in machine tool orders due to the recovery of the Chinese market. According to data from the Japan Machine Tool Industry Association, total machine tool orders in 2017 increased by 31.6% year-on-year, reaching 164.545 trillion yen—an all-time high. The rebound in China’s demand was a key factor behind this impressive growth.
Despite the progress, China’s machine tool industry still faces challenges such as being large but not strong, lacking core technologies, and having a low proportion of precision manufacturing. However, in recent years, significant breakthroughs have been made in key technologies, and the industry is moving toward regional development. For example, areas like Chongqing Yongchuan and Beijing are actively establishing high-end machine tool industrial bases. These efforts show that China’s machine tool companies remain a crucial pillar of its manufacturing sector.
While imports are increasing, it reflects the fact that domestic production can't fully meet the fast-growing demand. Therefore, the role of Chinese machine tools in the country’s manufacturing cannot be overlooked. Yet, with evolving market needs, Chinese companies must continue to adapt and improve. Currently, China has strong capabilities in producing mid-to-low-end machine tools. The real challenge lies in advancing technology and moving toward high-end manufacturing.
The Chinese machine tool market still holds great potential. As one of the largest consumers globally, China continues to attract foreign investments, leading to an increase in machine tool imports. This not only highlights the rapid development of the manufacturing sector but also indicates a massive demand for domestic solutions. For instance, EMAG, a German company based in Yongchuan, reported nearly 300 million yuan in sales in 2017. Looking ahead, the Chinese machine tool market is expected to grow further in the coming years.
If domestic companies can effectively leverage these opportunities, the industry’s future looks promising. However, there is still a long way to go. Importing is a strategy, not an end goal. The real challenge is to build brand recognition and technological advantages. As the saying goes, "the narrow road meets the brave winner." In a fiercely competitive market, Chinese machine tool companies must continue to push forward, striving to become the winners in the long run.
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Yizheng Beide Material Co., Ltd. , https://www.beidevendor.com