In 2010, the total industrial output value of the machine tool industry exceeded 500 billion yuan for the first time

According to the China Machine Tool Industry Association, the industry's total industrial output value exceeded 500 billion yuan for the first time in 2010 is a foregone conclusion. The growth rate is expected to reach 35%, and the profit level will increase by more than 50%. According to industry sources, although the machine tool industry has achieved more than expected growth, the shortage of high-end parts and components has become a prominent issue.

At present, the annual economic operation data of the machine tool industry has not been formally released. However, the Machine Tool Industry Association estimates that the total industrial output value will reach 530 billion yuan in 2010, an increase of 33% to 35%. In early 2010, the market’s expected growth rate for the machine tool industry was only 10% to 15%.

The experts of the Machine Tool Industry Association believe that the so-called blowout growth in the first five months of 2010 is the main reason for the unexpected increase in the annual growth rate. At that time, the accumulated demand for energy has been “released” since the financial crisis began. At the same time, the country’s 4 trillion investment projects have also drastically increased the demand for machine tools.

Although the production and sales in the first half of the year were “blowouts”, the deep problems that they demonstrated at the same time needed to be resolved.

From the data point of view, the increase in output during the first eight months of 2010 was more than 60%, which exceeded the ratio of output value and sales growth. This shows that the price of a single machine tool on the market has declined.

From the point of view of corporate profitability, the increase in the level of profit in the industry in 2010 was nearly twice the increase in output value. Association members said, "This situation does not rule out the factors that raise the level of corporate management. But it is not difficult to see that low-end products make more money than high-end products."

The machine tool industry focuses on the development of large-scale, heavy-duty and high-end numerical control products in accordance with market demand. The numerical control rate of machine tool output value has increased from 47.3% in 2005 to more than 50% in 2009. The numerical control rate of gold-cutting machine tool production has increased by 6 percentage points. The self-sufficiency rate increased by more than 10 percentage points.