Analysis of Four Major Factors Restricting the Transformation of China's Machine Tool Industry

Abstract The survey of key enterprises by China Machine Tool Industry Association shows that the machine tool market is generally weak, but the medium and high-end CNC machine tools and corresponding supporting products have not yet seen a significant decline. The demand for non-standard and personalized products is on the rise. Key components of key users such as national defense military workers are mainly...
According to the survey of key enterprises by China Machine Tool Industry Association, the machine tool market is generally weak, but the medium and high-end CNC machine tools and corresponding supporting products have not seen a significant decline. The demand for non-standard and personalized products is on the rise. In the main processing steps of key components such as national defense military workers, domestic high-end machine tool products account for a small share, and quite a number of problems exist. Domestic machine tools currently have less than 20% self-sufficiency, and the rest rely on imports.

In the future, if China wants to become a world industrial power, establishing an independent, new, and strategic production-study-research innovation model is the only way to support product structure adjustment. China's rapid industrialization process and huge market demand will certainly lead to a strong machine tool industry. In this process, due to the intensification of international competition, the development of China's machine tool industry will encounter new technological blockade. Analysis of the four major constraints of the accelerated transformation and upgrading of China's machine tool industry:

1. Intensified international competition in the local market

As the market for medium and low-end CNC machine tools shrinks and overcapacity, coupled with the influx of foreign products, market competition will further intensify. While high-end products have long relied on imports, local products are facing more intense international competition.

2 , China's products and domestic market demand contrast is large, product structure needs to be adjusted

Although China's machine tool industry has maintained sustained and rapid development for many years, the phenomenon of unreasonable industrial and product structure still exists. The whole industry is large but not strong, and high-end products are heavily dependent on imports. At present, although the domestic market share of domestic machine tools has improved, the market share of high-end CNC machine tools and core functional components in the domestic market is still very low, and the potential for substitution of the whole industry is huge.

3 , technology-based strategy is shifting to customer-oriented strategy

Economic crises often lead to large-scale industrial upgrading and corporate transformation. In order to realize the service of the manufacturing industry, the core of the machine tool industry is to focus on the customer and actively provide personalized services that customers need. As a result, the transition from simply selling products to providing total solutions, from technology-centric to customer-centric has become the trend today.

4 , the enterprise technology innovation model needs to be improved

As the status of China's machine tool enterprises, industrialization level and brand influence are gradually improving, to become an industrial power, the acquisition of technology can no longer rely on others. In the past, we have taken a path from imitation to introduction, and from now on we must take the road of independent innovation. Enterprise technology encounters a new blockade, and establishing an independent, new, and strategic innovation model of production, education, and research is the only way to support the source of product structure adjustment technology.

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