2018/12/06 14:00 | Pageview:2779 | From: etmm-online
According to the statistics data of the Bureau, machine tool industry grow faster than the average level of machinery industry this year, especially the profit growth is relatively higher. From January to September 2018, the machinery industry revenue growth has increased 8.15% while the machine tool industry has increased 11.03%. However, machinery industry profit growth has increased only 2.85% while the machine tool industry has increased 15.19%. This refers to sub-industries like forming machine tools, bamboo and wood machinery, other dedicated devices, functional components and abrasive and grinding tools. Nevertheless, based on the main income profit margin, there seem to be serious differences among the machine tool sub-industry. For example, the profit margin in cutting tools, bamboo machinery and other special equipment and functional components is higher, while the profit margin of the metalworking machine tool industry is only 4.92% with a relatively high profit growth. In fact, this profit margin is the lowest among the whole sub-industry. This shows that the machine tool industry, mainly general purpose machine tools, is struggling hard.
Concerning the import and export trade, the machine tool industry has a relatively large deficit. In 2017, the deficit of the machine tool industry was $3.47 billion and the metalworking machine tools deficit was as high as $5.5 billion, including $2.16 billion deficit of CNC machine tools and $3.24 billion deficit of machining center. It reveals that the overall competitiveness of high-end machine tools is weak.
Sino-US trade war has far-reaching impact
Undoubtedly, the machine tool industry, as an important symbol of modern scientific and technological innovation and as a measurement of a country's industrial automation level, has become the focus of high attention and competition in the world. In particular, it looks like a scientific and industrial revolution could emerge, which is mainly characterized by the rise in intelligent manufacturing. In order to adapt to changes in demand, machine tool industry should primarily focus on the supply side by providing product technology and service mode. This way the customers' new requirements are met and a new impetus through transformation and adjustment is obtained.
The 20th Shenzhen International Manufacturing Machinery Industry Exhibition awaits
As a leading premium sourcing platform for manufacturers, Shenzhen International Manufacturing Machinery Industry Exhibition (SIMM) shows great ambition, presenting robotics and smart factory, various of machine tools and high-precision components among all pillar industries. It will be held in Shenzhen on March 28-31, 2019 with three unique themed shows, including MTE (Shenzhen International Machine Tool Exhibition), RSE (Shenzhen International Robotics and Smart Factory Exhibition) and ISE (Shenzhen International Industrial Supply Exhibition). Additionally, SIMM opens the window of south China's market together with many world-class manufacturers and high-precision suppliers to help all visitors get insight into the latest technology and industry trends based the favorable geography of PRD (Pearl River Delta) and Guangdong-HongKong-Macau Greater Bay Area. It also devotes to promoting win-win cooperation between manufacturers and buyers.