Albany, NY (PRWEB) December 10, 2013
China is the world's largest producer and consumer of machine tools, contributing 29.4% of the global output value and 45.1% of the global consumption of machine tools in 2012.
Since H2 2011, affected by the severe domestic and international situation, the 10-year explosive development of China machine tool industry ended while the adjustment stage commenced. The growth rate of output value and sales value of China machine tool industry dropped by 19.8 and 19.3 percentage points respectively in 2012, and only reached 6.0% and 5.5% in 2013.
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In China machine tool industry, CNC machine tools see the fastest growth. In 2012, the CNC rate of metal cutting machine tools and CNC forming machine tools hit 25.8% and 5.8% separately; their CNC rates are expected to be 29.2% and 6.8% respectively in 2013, and will reach 37.0% and 7.6% separately by 2015.
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