A Rising Power in the Industrial Sector
China’s industrial sector has seen significant growth over the past few decades, with the country becoming a major player in the global market. One area where China has made substantial strides is in the production and export of Computer Numerical Control (CNC) tools.
The Growth of CNC Tool Production in China
CNC tools, a type of mechatronic product, combine mechanical technology with CNC intelligence. These tools are used extensively in various industries, including machinery, mold, automobile, electric equipment, railway locomotive, shipbuilding, petrochemical, and electronic information technology.
China’s CNC tool industry has grown rapidly, thanks to the guidance of the government’s industrial policy on innovation and development. The country has become the world’s largest machine tool producer and seller, with a market size reaching RMB180.5 billion in 2019.
China’s Role in the Global CNC Tool Market
China’s rise in the CNC tool industry has not only been domestic. The country has also become a significant exporter of CNC tools, contributing to the global CNC machine tool market. In 2021, the global CNC machine tool industry hit USD163.2 billion, a year-on-year increase of 3.8%.
The major producers of machine tools include China, Germany, Japan, and the United States. Each of these countries has its strengths, with Germany focusing on high-quality, precise, and practical CNC machine tools and accessories, Japan concentrating on the development of CNC systems, and the United States excelling in design, manufacturing, and basic scientific research of CNC machine tools.
The Future of China’s CNC Tool Industry
With the continuous deepening of the structural adjustment of China’s machine tool industry, the CNC level of machine tools has jumped significantly. However, it still lags behind developed industrialized countries, especially in the area of high-end CNC machine tools.
As China’s high-end manufacturing represented by automotive, aerospace, shipbuilding, electric equipment, construction machinery, and 3C industries require higher performance and accuracy of CNC machine tools, the market demand for CNC machine tools, especially high-end CNC machine tools, is expected to increase.
In conclusion, China’s CNC tool production and global export have seen remarkable growth, and the country is poised to become an even more significant player in the global CNC tool market in the future