According to the statistics from the National Bureau of Statistics of China, total industrial output value increased by 31.5%, which was 4% points higher than the entire year of 2006 and 2.6% points higher than the same period of 2006. The current macroeconomic environment and the major economic indices of the machine tool and tools industry indicate that the growth rate of the industry for the whole year of 2007 is set to substantially exceed expectations. China will be the world’s largest machine tool consumer and importer in a row of six years.
The machine tool market is expected to continue to benefit from the fact that machine tool manufacturing companies are the prime equipment providers and sources of supply to all aspects of the vast machinery industry. Robust growth in the power industry, aerospace and aviation industry, ship-building industry, railway locomotive & rolling stock industry, machinery industry and automotive industry, as well as many other industries has lead to sustained high demand for machine tools, especially advanced computer numerically-controlled (CNC) machine tools.
The strong growth has made China a lucrative market for the world's machine tool manufacturers, contributing much to the development of the global machine tool manufacturing industry. For instance, China imported US$11.13 billion worth of machine tool and tools in 2006, recording an increase of 11.58% over the previous year. The increase rate is lower than last year and keep slow increase now. In the future, the market increase will be concentrated on tools such as sophisticated CNC lathes. Foreign manufactured leading edge technology CNC lathes will account for a significant percentage of the projected sales growth.
Key end-users of machine tool and tools can be categorized into four major industries: automotive industry, traditional machinery industry, aerospace and aviation industry, and high-tech industries represented by information technology. Start from 2006, they key areas where government will be in aerospace and aviation, shipbuilding, railway, heavy-duty metallurgical machinery, electricity generation equipment, automobiles and spare parts and so on.
This section provides a listing of upcoming machine tools-related events in China, including industry shows and trade missions. While FCS China is directly involved with some of these events, the others listed here have no direct relationship with the FCS and are listed solely as a convenience to our users.
For more information, please contact the organizing group as listed in the event description. Verify the information before making any commitments - we are not responsible for accuracy of information or changes in events' schedules.
7th China Jilin • Northeast Asia Investment and Trade Expo
September 6-11, 2011
Links to non-Commercial Service organizations are provided solely as a convenience to our users. The Commercial Service makes no representations about the accuracy or suitability of the information provided on the following web sites. The FCS is not responsible for the content of the individual organization web pages found through these links, and their inclusion here should not be understood as an endorsement of these organizations.
China Machine Tool & Tool Builders’ Association
The U.S. Commercial Service offers a broad array of market entry services to U.S. exporters of machine tools and equipment. Please refer to the following relevant contacts for additional information on how we can help you expand your business in China.