China Machine Tool Industry 2018 Forecasts Research Report

The sales revenue of machine tool industry was CNY 802.63 billion in China in 2013, up by 13.7% YOY. The numerical control rate of machine tool production in China is lower than that in countries like the U.S. and Japan though the rate increases in recent years. The numerical control rate of metal-cutting machine tools and metal forming machine tools was 30% and 10% respectively.
Excess capacity becomes an obvious problem in Chinese machine tool industry. In 2011-2013, the amount of enterprises increased by 20.4% and the production volume increased by 137.5%. The rate of capacity utilization of heavy-duty machine tools was the lowest while the earnings decreased by 45%-50% in 2 consecutive years. The overall rate of capacity utilization was low though that of other products might be higher.
The import value of machine tools was USD 16.09 billion in China in 2013, down by 20.2% YOY. The import value of metal work machine tools was USD 10.1 billion, down by 26.0% YOY. The import value of numerically-controlled machine tools was USD 8.21 billion, down by 26.5% YOY. Among the metal work machine tools, the import value of metal-cutting machine tools was USD 7.99 billion, down by 28.4% YOY while that of numerically-controlled metal-cutting machine tools was USD 7.03 billion, down by 28.3% YOY. The import value of metal forming machine tools was USD 2.11 billion, down by 15.5% YOY while that of numerically-controlled metal forming machine tools was USD 1.18 billion, down by 13.9% YOY.
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