Abstract As China's economy continues to expand, the demand for machine tools within the country is expected to grow steadily. Industry experts anticipate that China’s machine tool consumption will reach $38 billion in 2013. Recently, Schafer, the general manager of the German Machine Tool Manufacturers Association (VDW), spoke in Shanghai about the growing importance of the Chinese market. He highlighted that China has become a major player in the global machine tool industry, with its exports ranking eighth worldwide. Europe has emerged as a key destination for these exports.
China’s machine tool consumption is projected to rise by 12% in 2013, reaching $38 billion. Currently, the European market accounts for 24% of China’s total machine tool exports, valued at around $600 million. The international machine tool market has seen significant growth over the past two decades, more than doubling in size and reaching approximately $86 billion in 2011. Since the turn of the century, annual consumption has increased by nearly 10% on average, with Asia driving most of this growth. In 2011, three-fifths of global machine tool production was directed toward Asian markets.
In 2013, large-scale infrastructure investments are expected to fuel economic growth, particularly in high-speed rail, urban transit, airports, and power grid expansion. This development is accelerating China’s industrial modernization, increasing the need for advanced and efficient manufacturing technologies. Schaefer noted that China’s machine tool purchases are likely to continue rising, with an expected increase of nearly 12% in 2013, reaching $38.1 billion. This growth is being driven across almost all user industries.
Moreover, under the national macroeconomic planning, the Chinese machine tool market is expected to grow by 14.2% in 2014, reaching 389 billion yuan. This strong growth trajectory reinforces China’s position as the world’s largest consumer and producer of machine tools. The main markets for Chinese machine tools include industrial machinery, transportation equipment, metal products, and electrical and electronic devices. Among these, industrial machinery remains the largest segment due to its broad application across various sectors. Meanwhile, the rapid development of the automotive industry has made transportation equipment manufacturing the second-largest market for machine tools over the past decade.PVC Square Exterior Timber Tube
Shandong Zeen Decoration Material Co., Ltd. , https://www.zeendecor.com