The growth of the market of machine tools “Made in China”

According to some reports created based on data analysis from surveys carried out by the Chinese Machine Tool Manufacturers Association (CMTBA), in the first half of 2017 the production of machines tools in China increased from 8.6% compared to the end of 2016. This development is linked to the growth of the Chinese market in general, but this growth is above all due to the progress, development and upgrades of the machine-tools manufacturing industry, thanks to the increasingly dominant position of the famous Industry 4.0.
According to the China Machine Tool Manufacturers Association (CMTBA), the consumed quantity of tools (including cutting and measuring tools) is US $ 2.5 billion in the first half of 2017, which means an increase of 25% compared to the previous year.
In Makinate’s blog, Makinews, it’s possible to read the same analysis but based on Japanese market (instead of the Chinese one), especially on Japanese machines tools manufacturers. To read this article, we invite you to visit the blog dedicated to used machines tools, in the “Industry Zoom” section. If we want to compare both countries, we can note that Japan registered the largest increase of machine tools production. In fact, the small lateness of China compared to Japan is due to the fluctuation and an uncertainty in investments.
CMTBA surveys show that the main problems of China’s business activities derive from different aspects: the competition of similar products (see the increase of the products offered by Japan), low market demand and human resources, excessive operating and human costs, insufficient production capacity and development of the international market and updating of market demand.

Makinate is company specialised in trade of used machine tools. In the catalogue you can find a large selection of used machine tools from the biggest (Japanese of course, but also and above all European) brands

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This release was published on openPR.