The severe challenges facing China's machine tool industry

1. The domestic market is internationalized and the competition is more intense. After 2005, the domestic market is more open and the import tax rate is lower, which is more conducive to the direct entry of foreign products into the Chinese market. With the localization of joint ventures and wholly foreign-owned enterprises, their production costs will decrease, their competitiveness will increase, and competition in the domestic market will be extremely fierce.

2. With the advancement of technology and the improvement of the technological level, users have higher and higher requirements for the performance, efficiency, flexibility and personalization of machine tool products. The contradiction between the individualized demand of products and the lack of service capabilities of manufacturers is more prominent.

3. The high-tech industry is developing rapidly, and the demand for high-end CNC machine tools is more demanding, the number of demand is increasing faster, and the complete set is required to be stronger.

4. The new round of competition in the world equipment manufacturing industry is more intense, and higher requirements will be placed on digital manufacturing technology and equipment.

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