China Cutting Machine Market Share Analysis

Chinese economic development of the cutting tool industry data released by the China Machine Tool Industry Association tool branch showed in 2010 the total production is 29 billion Yuan, in addition to supplying the domestic market, export tool is up to 70 billion. The same year, the cutting tool consumption in China reached 33 billion Yuan, ranking first in the world. This indicates that last year China made cutter sold in the domestic market of 22 billion Yuan, and foreign brands cutting machine sales of 11 billion Yuan, accounting for China 1/3 tool consumption.

  "So clear data sufficient show that China has become the world's most potential for development tool market.”The China Machine Tool Industry Association, honorary chairman of the tool branch Shen said, “Tool market compared with the international, China cutting machine market recovery fast after the financial crisis. The market capacity has always maintained an upward trend, the market share of domestic tool is also stable at above 65%, but in the field of high-end tool, domestic machine enterprises also need to make greater efforts. "

According to Shen, in the year of rampant financial crisis, the overall spending limits for domestic cutting tool market declined only about 15%, while in developed countries the consumption of the tool market is generally decreased by 40% to 45%. But after just one year, driven by strong demand of manufacturing, domestic cutting machine market, the total amount spent on the rapid recovery and exceeds the highest level in history, reaching a record high of 33 billion Yuan.

2011 China tool market is still maintained rapid growth, expected to create new historic high. "The statistics show that only the first half, domestic cutting machine market to achieve growth of 25% to 30%, although the growth rate since July has dropped slightly, but throughout the year can still achieve 15% growth." Shen said. In comparison, recent year, international tool market remained stable recovery, but the average annual growth rate is conservatively estimated to remain at around 3% to 5%. In last year's rapid growth China domestic market will gradually remain stable years about average growth rate of 10% to 15%. Therefore, cutting products like CNC cutting machine market capacity growth will be three times faster more than the international market.

  Due to an increasing proportion of occupied by the Chinese market share in its global market share, in order to firmly seize the Chinese market, foreign tool manufacturing companies in the careful study the needs of the equipment industry in China.