Machine tool "12th Five-Year Plan" forecast: annual growth rate will exceed 10%

Domestic market forecast

During the "Twelfth Five-Year Plan" period, China's economy will continue to maintain steady and rapid development, and domestic market demand will rise steadily. In particular, with the industrial upgrading of the downstream user industry, higher technical requirements will be put forward for the machine tool industry products, and it will also provide a larger market demand space. It is expected that the consumption of China's machine tool market will grow steadily during the “Twelfth Five-Year Plan” period, with an average annual growth rate of more than 10%. By 2015, the annual consumption will be nearly 850 billion yuan.

International market forecast

Since the outbreak of the financial crisis, countries around the world have adopted a series of measures to revitalize the economy. However, most countries, including the United States and the European Union, are still far from the impact of the financial crisis, and are facing a new round of adjustment, industrial upgrading and re-layout. The international market has not yet fully recovered, and the export situation facing China's machine tool industry is still grim. With the continuous upgrading of the machine tool industry, the improvement of product performance and quality, and the focus on consolidating and expanding the traditional market and actively exploring potential markets in emerging countries and regions, the export of China's machine tool products will remain stable during the 12th Five-Year Plan period. Continued growth. It is estimated that by 2015, the total export value of machine tool products will reach about 11 billion US dollars.

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