The growth rate of China's machine tool consumption will exceed 10% in 2013.
China's machine tool exports rank eighth in the world. The European market accounts for 24% of China's total machine tool exports, with a market size of about US $600million. Europe is an important market for China's machine tool exports. It is estimated that China's machine tool consumption will increase by 12% to USD 38billion in 2013. Schaefer, general manager of the German machine tool manufacturers association, said in Shanghai a few days ago that at present, China's machine tool exports rank eighth in the world. The European market accounts for 24% of China's total machine tool exports, with a market size of about 600million US dollars. Europe is an important market for China's machine tool exports. It is estimated that the consumption of machine tools in China will increase by 12% in 2013, with the characteristics of simple process, low cost, rich base materials and easy recycling, to US $38billion
relevant data show that the scale of the international machine tool market has more than doubled in the past 20 years, reaching about US $86billion in 2011. Since the turn of the century, the consumption of machine tools has increased by an average of nearly 10% per year (in US dollars). The growth was mainly driven by Asia, where three fifths of the international machine tool production in 2011 flowed into the region
it is estimated that the investment in large-scale infrastructure in 2013 will drive China's economic growth, especially the investment in high-speed railway, urban rail transit, airport and power expansion. With the acceleration of the modernization of China's industrial infrastructure, the demand for efficient modern manufacturing technology has increased
China's 12th Five year plan focuses on sustainable development, efficient production structure and process, and modernization. Machine tools play a vital role in these three aspects. It is expected that the investment of Chinese users in machine tools will increase by 16% in 2013 and even higher in 2014. Schaefer said: China's machine tool procurement will therefore continue to rise. It is estimated that in 2013, it will increase by nearly 12% to US $38.1 billion. Almost every user industry is driving the sample fracture, which always breaks the market on both sides