As machines used in manufacturing, machine tools play an important role in the manufacturing industry. Machine tools are capable of processing metal or other material blanks or workpieces to achieve the required geometric shape, dimensional accuracy, and surface quality, and are also known as "industrial mother machines".
Numerical control machine tools are machines that use digital information to control the motion and processing of machine tools. They are modern electromechanical integrated equipment with high efficiency, precision, flexibility, and automation.
Overall, on the one hand, there is still significant room for improvement in the CNC rate of machine tools in China; On the other hand, currently, China's low-end CNC machine tools have basically achieved self-sufficiency, and mid-range CNC machine tools have basically been replaced by domestic production. However, the localization rate of high-end CNC machine tools is still at a relatively low level. Enterprises led by Kede CNC (688305. SH), Huazhong CNC (300161. SZ), Zhongke Weijing, Haitian Precision (688182. SH), Neway CNC (688697. SH), Yuhuan CNC (002903. SZ), etc. are constantly exploring the high-end machine tool market.
China is the largest manufacturer and consumer of machine tools, and the CNC rate needs to be improved
China is the world's largest manufacturer and consumer of machine tools. According to data from the German Machine Tool Manufacturers Association, China's machine tool output value will be approximately 181.8 billion yuan in 2022, accounting for 32.0% of the world's total; The consumption of machine tools is about 183.92 billion yuan, accounting for 32.2% of the world's total; The output value and sales revenue of machine tools are both ranked first in the world.
Machine tools mainly include metal cutting machines, metal forming machines, and special processing machines.
