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2014 China Market

time:2011-09-09

According to estimation of industry market research firm Rooy Group, by 2014 China's market demand for milling machine tool rose 14.2 percent to 389 billion yuan. This strong growth will reinforce China as the largest machine tool consumer and producer status in the world.
High-end equipment manufacturers to be included in strategic and emerging industries, the vertical milling machine future will focus on fostering development. Advanced machine tool manufacturing is an important part of high-end equipment, so the industry can obtain subsidies from the central and local government to do research and develop new products. Sales of high-end machine also benefit from the tariff policy to increase sales of local products.
The major market of milling machine tool in China include industrial machinery and equipment, transportation equipment, primary metal products and electrical and electronic equipment. Due to industrial machinery is widely used in various industrial fields, therefore drilling milling machine has come to be the largest market for machine tool. Because explosive development of the automobile industry in China, transportation equipment manufacturing has been the second largest market for machine tool in the past 10 years.
Metal cutting machine tool is the largest product category, three times over metal forming machine tool by size. By 2014 milling machine tool accessories market demand growth will reach 16.1 percent, faster than the metal cutting machine tools and forming machines.