China's CNC machine tool industry will usher in a golden development period of 15 years Release time：2020-12-07 20:23:14 Number of views:340

The Chinese CNC machine tool industry will usher in a golden development period of 15 years. Equipment manufacturing is a fundamental industry that provides technical equipment for national economic development and national defense construction. In order to accelerate the revitalization of the equipment manufacturing industry, the State Council issued several opinions on accelerating the revitalization of the equipment manufacturing industry in June 2006. We believe that in the next 10-15 years, China's equipment manufacturing industry will achieve sustained and rapid growth.

The development experience of domestic and foreign equipment manufacturing industry shows that CNC machine tools are the foundation for the development of equipment manufacturing industry. CNC machine tools are the working mother machines of the equipment manufacturing industry. CNC machine tools belong to the metal cutting machine tool manufacturing industry. A metal cutting machine is a machine that uses cutting methods to process metal blanks into machine parts, and it is a machine for manufacturing machines. There are many methods for processing mechanical parts in modern mechanical manufacturing. In addition to cutting, there are also casting, forging, welding, stamping, extrusion, etc. For parts with high precision requirements and small surface roughness requirements, the final processing is generally carried out using cutting methods on the machine tool.

Looking at the 16 key areas for revitalizing the equipment manufacturing industry, the revitalization of each field requires a large number of advanced CNC machine tools to be equipped. For example, developing large-scale thermal power generation and nuclear power units, manufacturing large-scale chemical equipment, developing large-scale ocean transportation ships, developing complete sets of equipment for large thin plate cold and hot rolling, developing high-speed trains, new types of subways and rail transit vehicles, all require a large number of high-speed, precise, efficient, and specialized CNC machine tools for processing and manufacturing. At the same time, CNC machine tools, as strategic equipment for national defense and military industry, are the most important manufacturing means for various weapons and equipment, and an important guarantee for the modernization of national defense and military industry equipment.

We believe that in order to accelerate the revitalization of the CNC machine tool industry, China will create several CNC machine tool industrialization bases and supporting basic functional component industry bases in the next five years. We estimate that the base enterprises will enjoy support from national policies and funding. The new products and high-end CNC machine tool products developed and produced by enterprises in the CNC machine tool industrialization base will implement a value-added tax refund policy.

We estimate that certain risk subsidies will also be provided for the initial construction of enterprise technology development centers and technology engineering research centers, as well as the first set of new products. Key backbone enterprises with high investment in technological development will be entitled to a certain degree of subsidy provided by the state every year. We estimate that supporting policies may be introduced gradually after 2007.

We believe that Chinese CNC machine tools are still in the early stages of the development cycle. As China develops into a world factory and the government gradually upgrades the mechanical manufacturing industry, we expect CNC machine tools to grow rapidly at an average annual rate of 20% to 25% in the next 10-15 years. In the coming years, the proportion of CNC machine tools in the industry's sales revenue may significantly increase. Meanwhile, the main varieties of high-end CNC machine tools will be based in China. Complete matching of functional components, with a self-sufficiency rate of 60%; CNC systems with independent copyrights account for 75% of the total production of CNC machine tools.

Structural adjustment of fixed assets investment promotes the development of equipment manufacturing industry

We expect that fixed assets investment will shift from low-end processing trade related industries to high-end industries, especially in terms of technology and industrial upgrading