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• China’s Machine Tool Market
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Benefits from the South China Market Strength

China’s Fast-Growing Production Industry: The Basis of Your Success at the GIMT!

With a nationwide consumption of machine tools worth USD 25.11 billion in 2006, the Chinese industry consumes one-fifth of the world’s machine tools and is the largest machine tool consumer in the world. Besides metal cutting and metal forming machine tools, which account for 50% of the national machine tool consumption, mould products worth USD 10.24 billion were sold in China in 2006. For 2010, forecasts estimate a national demand of more than USD 32 billion, implying an expected growth rate of between 20% – 28%.

China: The World’s Number One Importer of High-End Machine Tool Technology

A steady import rate of more than 50% demonstrates the importance of the Chinese market for the global machine tool and metalworking industry. China’s imports concentrate mainly on middle and high level machinery as the Chinese industry still lacks the capability of satisfying the demands of these sectors. That is the reason that, in 2006, 75% of the CNC machine tools purchased in China were manufactured by international companies.

The Best Surroundings for Your Establishment in China: The Consumption Market of the Pearl River Delta

With its strong focus on the automotive, light and electronic industry, the Pearl River Delta offers unique and excessive market opportunities for international machine tool and metalworking companies.
In 2006, this region spent USD 2.72 billion on machine tools and accounted for 21% of the national machine tool consumption. The demand of the Pearl River Delta is expected to keep pace with national growth rates and to outpace the growth of the total market with an increase of more than 28% in 2009/10.

Pearl River Delta Machine Tool Demand by Product Category (USD 2.72 bn total)

Three Key Industries in South China: The Buyers at the GIMT 2008!

Household Electrical Appliances

• China’s total output of household electrical appliances amounted to USD 60 billion in 2006.
• 45% of the national output was manufactured in South China.
• This industry consumed machine tools worth more than USD 500 million, amounting to 18.3% of the total consumption of the Pearl River Delta.
• It is estimated that, by 2010, the sales revenue in Guangdong Province will increase to USD 37.7 billion.

Machinery and Mould Making

• The national output of the machinery and mould making industry realized USD 279 billion in 2006.
• 10% of the national output was manufactured in South China.
• This industry consumed machine tools worth USD 1.2 billion, reaching 45% of the total consumption of the Pearl River Delta.
• By 2010, the sales revenue in Guangdong Province is expected to increase to USD 39 billion.

Automotive Industry

• China’s total output of the automotive industry amounted to USD 176 billion in 2006.
• 15% of the national output was manufactured in South China.
• This industry consumed machine tools worth USD 570 million, realising 20.9% of the total consumption of the Pearl River Delta
• By 2010, the sales revenue in Guangdong Province is expected to increase to USD 44.9 billion.