Machine tool industry will be affected by the economic crisis

The relevant UN report pointed out that the new round of economic recession in Europe and North America has dragged the global manufacturing recovery. In the third quarter of 2012, global manufacturing increased by 2.2% year-on-year, and its growth rate was the lowest since 2009. In particular, the continued economic recession in Europe and the slowdown in economic growth in developing countries, the economically developed countries as a whole have experienced the first decline in industrial output since 2009; Germany’s decline was 1.7%, Italy’s 6.2%, and France’s 1.9%, the United Kingdom was 0.9%, Japan's manufacturing output fell 4.6%.

In the past 17 months, except for the one-month exception, the initial value of the comprehensive PMI in the euro zone has remained below the critical point of distinguishing growth and contraction by 50, which is in line with the contraction rate of 0.2%-0.3% of total economic output in each quarter. However, the pace of economic contraction in the euro zone is slowing.

While the manufacturing growth of all major economies in the world has slowed or declined, the development of related industries still maintains a relatively high growth rate. According to relevant data, the size of the international machine tool market has more than doubled in 20 years, reaching around US$86 billion in 2011. Since the turn of the century, the annual consumption of machine tools has increased by an average of nearly 10% (in U.S. dollars).

In addition, high-end equipment manufacturing in China is listed as a strategic emerging industry. In the future, it will focus on nurturing development. The editorial analysis shows that advanced machine tool manufacturing is an important component of high-end equipment manufacturing, so the industry can obtain subsidies from the central and local governments. Conduct research and development. Selling high-end machine tools can also benefit from tariff policies, which will increase sales of local products.