This article is based on a GCiS multi-client report: China CNC Metal Cutting Machine Tools Market Research Report.
As China moves away from its legacy of lower end manufactures and modernizes large swathes of its production capacity, the market for quality CNC metal-cutting machine tools is expected to grow over the long run, though the market will take some time to pick up. Historically, China’s broad manufacturing sector has been driven by domestically manufactured machine tools, but a shift in higher quality products necessitates a shift towards higher quality production methods and equipment. While foreign machinery suppliers have worked to address this demand, domestic suppliers have upgraded their offerings and continue to account for the vast majority of CNC machine tool sales in China. Over the next several years, will increasing demands for higher quality production lead to more opportunities for foreign suppliers?