Demand for Machine Tools in China to Increase 13% Annually Through 2012
Resource from: CBCC Likes:2919
Nov 11,2008
A market research report released recently says Chinese demand for machine tools is projected to see annual gains of 13% thought 2012 to 606 billion yuan.
The report published by Reportlinker.com, presenting historical demand data of previous years, plus forecasts for 2012 and 2017 by product, market, and region of China, states the forecast of 13% growth of demand is supported by rapid growth in durable goods production, especially for industrial machinery, transportation equipment, primary and fabricated metals, and electrical and electronic goods.
In addition, the expansion and modernization of China's infrastructure will result in gains in demand of ceramic, glass, stone and wood products, which will stimulate demand of machine tools.
The report also says higher-value computerized numerical control machine (CNC) tools will be more important to the Chinese market as a rise in demand of such products will be more significant and will boost overall market value in the country.
Among all product categories, metal cutting machine tools will be the fastest growing one through 2012. According to the findings, strong growth of investment by manufacturers and the improving CNC technology which is mostly employed in metal cutting machine tools such as machining centers, are the main reasons supporting the forecast.
Driven by fast growth in metal cutting, metal forming and nonmetal machine tool production in China, sales of machine tool accessories will also climb at an above-average rate, and sales of metal forming machine tools and demand for nonmetal machine tools are projected to grow at a good rate too.
Manufacturing of industry machinery in China is expected to remain the largest source for machine tool demand. The fastest growth by far is expected in the electrical and electronic segment, which in many cases requires high-precision, high-end tools to meet the stringent tolerances involved in electronic product manufacturing.
Transportation will maintain the second largest machine tool market for the foreseeable future, supported by the fast growing automotive industry in China.
As a result of strong domestics industrial manufacturers'demand for CNC machine tools as well as continuous foreign manufacturers'demand for imported machine tools, China's imports of machine tools are expected to rise 12.2% annually, accounting for almost 30% of total product demand in 2012.
On the other hand, exports are projected to climb at a faster pace driven by improved production standards, especially in CNC machine tools and by increasing machine tool demand in other developing countries such as India and some Southeast Asian countries.
()
【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
Previous The 10th China International Machinery Industry Exhibition to Be Held in Ningbo
Next LYC Showed at 2008 China Global Wind Power Exhibition (Pic)
Next LYC Showed at 2008 China Global Wind Power Exhibition (Pic)
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
