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in higher-end market segments, mainly because it lacks a solid industrial foundation and suffers from the industry’s outdated structure, and inadequate values and work attitudes.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.

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Your Swiss Business Platform in China

SwissCham China has roughly 600 company members. Our Chamber maintains a strong relationship with the Embassy of Switzerland, Switzerland Global Enterprise, Swissnex and Switzerland Tourism. As the representative of the Swiss companies established in China, our goal is to help you to increase your business and visibility, especially amongst the Sino-Swiss business community.

Become A Member

Sign Up For Our Newsletter

  • This field is for validation purposes and should be left unchanged.
July 17, 2023
Published By in Business
July 16, 2023
Published By in Engineering / Manufacturing
July 13, 2023
Published By Consulate General of Switzerland in Guangzhou in Engineering / Manufacturing
July 3, 2023
Published By in Bilateral Relations