As the world's largest machine tool market, China achieved machine tool sales of RMB199.6 billion
in 2016, a figure on a par with the last year. However, the penetration
of CNC machine tools remained low, only 25.7% in 2016, a huge gap
compared with 60%-70% in developed countries.
China manufactured 282,900 CNC machine tools in 2016, a 5.7% rise from a year earlier, including 63,791 CNC lathes (up 3.9% YoY), 37,698 machining center (up 8.8% YoY) and 1,391 CNC grinders (down 1.6% YoY).
Major Chinese CNC machine tool manufacturers include Dalian Machine Tool Group, Shenyang Machine Tool (Group), JIER Machine Tool Group, Jiangsu Yawei Machine-Tool, Ningbo Haitian Precision Machinery, Qinchuan Machine Tool & Tool Group and Wuhan Huazhong Numerical Control. Due to Shenyang Machine Tool (Group)'s years of losses and Dalian Machine Tool Group's bond defaults, the market concentration slipped critically with top5 enterprises holding a combined 30% market share in 2016.
Geographically, Northeast China and East China are main production bases for CNC metal-cutting machine tools (CNC lathe, machining center), while the Yangtze River Delta region is the major production base for CNC grinder and functional parts (ball screw and linear guideway). East China and Northeast China together seized about 73.6% of CNC metal-cutting machine tool market in 2016, compared with an 88% share for Central China and East China in CNC metal–forming machine tool market.
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