The economic operation of the industry is still at the bottom of the cycle, and the overall industry is difficult to reverse. Although the country has implemented a proactive fiscal policy and a loose monetary policy in response to the financial crisis since the end of 2008, it has accelerated infrastructure construction and promoted industrial upgrading. However, for the machine tool industry, due to the continuous deterioration of the external market, it partially offset the domestic The industry growth brought about by the recovery; coupled with the high proportion of low-end products, the lack of competitiveness of products and overcapacity; therefore, we judge that the industry as a whole is still difficult to reverse in 2010.
The machine tool industry faces structural adjustments in products. In 2009, the market demand structure accelerated and the demand for ordinary and low-grade CNC machine tools shrank drastically. The heavy-duty and high-end CNC machine tools continued to grow steadily, indicating that market demand turned to high-end. We believe that with the release of product upgrade requirements and the introduction of “revitalization planning†and “major special†policies, the machine tool industry will have a structural recovery opportunity.
The machine tool industry still has a lot of room for growth in the future. China is currently in the middle and late stages of industrialization. From the international historical experience, the most important feature of this stage is the acceleration of the renovation of manufacturing equipment, and the proportion of enterprise equipment investment in fixed assets investment will gradually increase. On the other hand, from the international comparison point of view, the scale of China's machine tool industry is still relatively small compared to the downstream industry, so there is still a lot of room for growth in the future of the machine tool industry.
Some downstream industries began to recover. The upstream of the machine tool industry is mainly steel and electronics. The downstream is mainly distributed in the fields of automobiles, traditional machinery, military industry, high-tech industries, etc. Among them, automobile demand accounts for a relatively high proportion, accounting for 45%, and military and traditional machinery each account for about 20%. Judging from the current operating conditions of various downstream industries, the automotive industry has entered a stage of full recovery. Construction machinery, agricultural machinery and mining machinery in the machinery industry are picking up faster. The recovery of the downstream industry of machine tools will effectively stimulate the demand for machine tools and promote the gradual recovery of the machine tool industry.
The machine tool industry faces structural adjustments in products. In 2009, the market demand structure accelerated and the demand for ordinary and low-grade CNC machine tools shrank drastically. The heavy-duty and high-end CNC machine tools continued to grow steadily, indicating that market demand turned to high-end. We believe that with the release of product upgrade requirements and the introduction of “revitalization planning†and “major special†policies, the machine tool industry will have a structural recovery opportunity.
The machine tool industry still has a lot of room for growth in the future. China is currently in the middle and late stages of industrialization. From the international historical experience, the most important feature of this stage is the acceleration of the renovation of manufacturing equipment, and the proportion of enterprise equipment investment in fixed assets investment will gradually increase. On the other hand, from the international comparison point of view, the scale of China's machine tool industry is still relatively small compared to the downstream industry, so there is still a lot of room for growth in the future of the machine tool industry.
Some downstream industries began to recover. The upstream of the machine tool industry is mainly steel and electronics. The downstream is mainly distributed in the fields of automobiles, traditional machinery, military industry, high-tech industries, etc. Among them, automobile demand accounts for a relatively high proportion, accounting for 45%, and military and traditional machinery each account for about 20%. Judging from the current operating conditions of various downstream industries, the automotive industry has entered a stage of full recovery. Construction machinery, agricultural machinery and mining machinery in the machinery industry are picking up faster. The recovery of the downstream industry of machine tools will effectively stimulate the demand for machine tools and promote the gradual recovery of the machine tool industry.
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