Bleak Outlook for China’s Domestic Machine Tool Component Market

by swisscham in Business

In spite of the largest machine tool market in the world, China’s domestic machine tool component supply industry does not seem to be able to take off. Domestic component makers remain focused on the lower-end market segment, and face difficulties satisfying more demanding machine tool OEMs, as well as competing with the many foreign competitors who import to China or have local operations. As InterChina Consulting argues in detail in this white paper, despite some progress, it will take another couple of decades for the Chinese machine tool components industry to become competitive in higher-end market segments, mainly because it lacks a solid industrial foundation and suffers from the industry’s outdated structure, and inadequate values and work attitudes. Therefore, advanced western suppliers will continue to dominate the high-end market segment for the foreseeable future.

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