The market scale of the hottest international mach

The scale of the international machine tool market continues to expand

since the outbreak of the financial crisis in 2008, the European machine tool industry has been troubled by the credit crunch and increasingly limited financing channels. Economic uncertainty has damaged the enthusiasm of enterprises for investment. China's machine tool exports rank eighth in the world. The European market accounts for 24% of China's total machine tool exports, with a market size of about US $600million. Europe is an important market for China's machine tool exports

European machine tools have always been one of the major producers in the world. In 2012, the output value of European machine tool industry was 22.2 billion euros, an increase of 6%, and the export volume reached a record 18.8 billion euros. However, in 2013, as a major part of the machine tool industry, the number of orders in Germany in the first quarter fell by 19% compared with the same period in 2012

Scheffer, general manager of the German machine tool manufacturers association, said that at present, China's machine tool export volume ranks eighth in the world, and the European market is familiar with the working principle, operating procedures, routine maintenance, etc. of equipment; Accounting for 24% of China's total machine tool exports, the market size is about US $600million, and Europe is an important market for China's machine tool exports. It is estimated that the consumption of machine tools in China will increase by 12% to US $38billion in 2013

relevant data show that the scale of the international machine tool market has more than doubled in 20 years, reaching about US $86billion in 2011. Since the turn of the century, the consumption of machine tools has increased by an average of nearly 10% per year (in US dollars). The main driving force for growth came from Asia, where three fifths of international machine tool production in 2011 flowed into the region

it is estimated that the investment in large-scale infrastructure in 2013 will drive China's economic growth, especially the investment in high-speed railway, urban rail transit, airport and power expansion. With the acceleration of the modernization of China's industrial infrastructure, the demand for efficient modern manufacturing technology has increased

China's 12th Five year plan focuses on sustainable development, efficient production structure and process, and modernization, and machine tools play a vital role in these three aspects. It is expected that the investment of Chinese users in machine tools will increase by 16% in 2013 and even higher in 2014. Schaefer said: China's machine tool procurement will therefore continue to rise, with an expected increase of nearly 12% in 2013. Reaching 381, it can start with a production line of $100 million, and almost every user industry is driving the market

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