In recent years, the optimized industrial structure of China's manufacturing industry, the rapid development of high-end manufacturing and the growing demand for intelligent manufacturing upgrades have triggered enormous demand for high-end CNC machine tools.
With higher requirement of high-end manufacturing industries represented by automotive, aerospace, power equipment, shipbuilding, construction machinery, and 3C industries in China for the performance and accuracy of CNC machine tools, the market demand for CNC machine tools, especially high-end CNC machine tools, is swelling quickly in China.
Therefore, the CNC machine tool market is expected steadily. In 2021, the market volumn of China's CNC machine tool industry jumped RMB 21.4 billion or 8.65% over last year to RMB 268.7 billion.
Regarding competitive landscape, Japan-based Yamazaki Mazak, Germany-based TRUMPF and DMG MORI, a German-Japanese joint venture, rank the top three globally, followed by MAG, Amada, Okuma, Makino, GROB, Haas, EMAG.
In China, main producers of CNC machine tools include Haitian Precision, Guosheng Zhike and Rifa Precision Machinery. Among them, Haitian Precision mainly produces CNC gantry machining centers, CNC horizontal machining centers, CNC vertical machining centers, and other machine tools. Guosheng Zhike mainly producesCNC machine tools, intelligent automated production lines, equipment parts, etc. Rifa Precision Machinery is engaged in digital intelligent machine tools and production lines, aerospace intelligent equipment and production lines, aerospace parts processing, as well as engineering, operation and leasing of fixed-wing aircrafts and helicopters, etc.