2013 machine tool industry chain highlights

As a big manufacturing country, China is currently the world's largest consumer and importer of machine tools. In 2011, China's machine tool industry completed industrial output value of more than 700 billion yuan, an increase of 32.5%.

At present, it is the moment of rapid development of China's manufacturing industry. As the world’s largest machine tool consumer and importer, China’s machine tool industry completed more than 740 billion yuan in industrial output value in 2011, an increase of 32.5% year-on-year. However, the scale is not equal to quality, and the domestically-developed CNC machine tools that have continued to grow in volume have encountered bottlenecks in the “quality”, the lack of high-end market share, and the overall brand image needs to be improved, which has caused great concern in the industry. China's machine tool industry must not only pay attention to the increase in scale, but also must increase the quality of its products to achieve the "quality and economic" model of growth.

In the first 10 months of this year, the situation facing China's machine tool industry was severe. According to the industry data provided by the National Bureau of Statistics, the growth rate of production and sales in the industry has dropped significantly, and the profit has shown negative growth. The total industrial output value of the association’s key linking companies has seen double-digit negative growth since the beginning of the year, and both orders and new orders for enterprises have dropped sharply. , Inventory increased significantly.

According to statistics from the National Bureau of Statistics, from January to October this year, the national machine tool industry accumulated a total industrial output value of 576.67 billion yuan, an increase of 11.1% year-on-year; the cumulative sales value of product sales was 559.27 billion yuan, an increase of 10.8%, and the product sales rate was 97.0%. Compared with the same period of last year, it decreased by 0.3%; the cumulative investment in fixed assets increased by 14.2%, a decrease of 40.7 percentage points from the same period of last year. In the first nine months of this year, the machine tool industry achieved a profit of 28.35 billion yuan, a year-on-year decrease of 3.6%. The profit margin of product sales was 5.8%, which was a decrease of 0.7 percentage point from the same period of last year.

“The national economy in all fields has gradually shifted from the past to the expansion mode of expansion of production capacity to the connotative growth mode through product transformation and upgrading, from the focus on quantity to the pursuit of quality. With the development of users The machine tool industry will also enter a sustained, rational and steady growth phase.” Luo Baihui, chief analyst of Jinmo Machine Tool Network, believes that the growth rate of the growth rate of the gross industrial output value of the machine tool industry in the fourth quarter of this year will stabilize, but the metal processing machine tool industry will increase. It may take a little longer for the speed to fall back. In the statistics of the National Bureau of Statistics of the machine tool industry, in view of the double-digit growth in the industries such as abrasives, woodworking machinery and foundry machinery, it is expected that the growth rate of the machine tool industry in 2012 will be higher than 10%, including metal processing machines or There will be a slight positive growth.

Jinmo Machine ToolNet believes that the investment prospects of various sectors of the national economy that affect the machine tool market are not pessimistic. The recent approval of the urban rail transit project by the country will lead to an increase in the growth rate of investment in fixed assets and will be reflected in 2013. In the area of ​​large aircraft, aviation engines will be the focus of China's future development. According to Shangfei, it is estimated that there will be more than 10 billion yuan in R&D investment in the next few years; with the continuous improvement of automobile emission standards, the demand for high-end equipment will be driven by the market, and auto parts companies will further reduce costs. Promote the localization of equipment. Investment in these user areas will drive the growth of the machine tool market.

As China’s macroeconomic growth has started to show a downward trend since last year, domestic manufacturing investment has tightened and demand is weak, coupled with factors such as the international financial crisis and the European debt crisis, the situation of the machine tool industry in China’s first 10 months this year is very serious. . From the statistics of more than 4,000 companies from the National Bureau of Statistics, as well as the statistics of 217 companies, the situation is not optimistic. The sharp decline in corporate sales has led to a substantial increase in stocks. From January to September, the inventory of finished products in the machine tool industry increased by 22.7% year-on-year. Statistics from companies linked to the association show that stocks at the end of April after this year have been maintained at about 15 billion yuan. In the harsh situation, the association also gave confidence. Luo Baihui, chief analyst of Jinmo Machine Tool Network, said that at present, the country’s project approvals for urban rail transit, aircraft, aviation, and automotive fields, the market demand for high-end equipment is still large, and the user industry will drive the effective growth of the machine tool market. “The future is bright and the road is twisty.” The various areas of the national economy have gradually changed from the past to the expansion mode of expansion of production capacity, to the intensional growth mode of product transformation and upgrading, and from the focus on quantity to the The pursuit of quality. With the change of user development methods, the machine tool industry will also enter a continuous, rational and stable growth stage. The transformation and upgrading of enterprises and the entire industry will become the highlight of 2013.

However, at present, due to too many production-producing households in the market of low-end machine tool industry in our country, the products are not well-embroidered, and the price war is fierce in the market, and the low-end market environment is intensified. From the second half of 2011, China’s generality The sales of small machine tools have changed rapidly. The market demand has rapidly shifted to sophisticated high-end machine tools and high-combination high-end machine tools, with efficiency, accuracy, and reliability being the main competition points. And from the second half of 2012, the machine tool industry has begun to fall into a fierce battle of brands, which is not a simple price war.

Due to the intensified competition in the manufacturing industry and the fact that purchase companies are considering more high-end models, the machine tool industry has already reached the necessary period for high-end reforms. In 2011, the sales of metal cutting machines nationwide was about 26 billion U.S. dollars, a year-on-year increase of 23.8%. The sales of domestic machine tools reached US$15.5 billion, an increase of only 15% year-on-year, while the sales of imported machine tools reached US$10.5 billion, a year-on-year increase of 40%. According to the survey, domestic machine tool orders in the first quarter of 2012 fell 20% to 30% year-on-year. However, most manufacturers stated that the sales in the first quarter of 2012 were slightly better than in the fourth quarter of 2011, and they believe that there will be a quarter-on-quarter increase in the subsequent quarter of this year. Companies with certain technical backgrounds, high product precision, and better product informationization are more optimistic about the follow-up market demand. Enterprises that have not upgraded their products and their precision are not pessimistic. Luo Baihui, chief analyst of Jinmo Machine Tool Network pointed out that for a long time, the high-grade bed required for China’s economic construction and key projects mainly relies on imports, and the domestic market share of domestically-made mid-range CNC systems is only 5%, while that for high-grade beds is 95%. From abroad, the domestic market share of functional components is only 30%. The market share of the domestic machine tool industry in China is about 70%, while the market share of CNC machine tools is only about 43%, and the degree of foreign dependence is quite high. The market share of high-end CNC machine tools, especially high-, high-precision, and sharp CNC machine tools The rate is less than 10%, leaving great room for development for China's high-speed precision CNC machine tools.

At present, the pace of adjustment of domestic machine tool products is still not fast enough and timely. The product composition of domestic machine tools is mostly low-grade, and medium and low-grade machine tools account for more than half of the output of China's machine tools. The high import value of China's machine tool products, on the one hand, is due to the accelerated transformation and upgrading of the national economic structure, and the rapid increase in the demand for machine tool products in the domestic market; on the other hand, technological innovation and product structure adjustment in the machine tool industry cannot To keep up with the pace of market demand upgrading, the market competitiveness of domestic high-end machine tool products needs to be improved.

Therefore, the domestic machine tool industry now needs to invest considerable R&D capabilities in the mid-to-low-end market to reduce sales, upgrade products, improve the quality of products, and then reverse sales through local price advantages. Ways to dominate the market, and then use market share to integrate or back up R&D capabilities.