China's CNC Machine Tool Industry Is in A Period Of Rising Industry Prosperity

The demand for CNC machine tools comes from the fixed asset investment in the downstream machinery industry. Since 2004, the production capacity of automobiles and parts, aerospace equipment, high-speed trains, military industry, electronic information, power equipment, ships, construction machinery, molds and other industries has expanded rapidly. Driven by the rapid growth of machine tool consumption. Driven by the national revitalization of the equipment manufacturing industry and the transfer of international industries, the growth rate of investment in the purchase of equipment and tools in my country will continue to maintain a level of about 20% in the next 5 to 10 years, and the demand for the machine tool industry will continue to maintain rapid growth.