CHINA MACHINE TOOLS MARKET

China is the largest machine tool market largest in the world, reached $110.65 billion. There are less than 20 high-end machine tool manufacturers in China who have upgraded their product structures and use innovative technologies to focus on high-precision, intelligent high-end Computer Numerical Control (CNC) machine tools, and accessories. This is an opportunity for U.S. manufacturers and suppliers to meet growing demand. 

Over the past ten years, China’s domestic market supported approximately 70% of locally-made machine tools. Most of the international manufacturers supply higher-end CNC machine tools. In 2020, the largest share of high-end CNC machine tools and accessories imported were from Japan ($2.71 billion) and Germany ($1.38 billion), together accounting for 62% of the total imports. 

For more information, please contact Mr. Zheng Xu at zheng.xu@trade.gov.