The modernization level and scale of machine tool industry is one of the important signs of the industrial development of a country. The traditional manufacturing power of machine tool industry is mainly Germany, Japan, Italy and other industrialized developed countries. At the same time, with the improvement of the overall strength of the domestic industry, China has become a machine tool manufacturing power.
At present, in terms of supply, China's machine tool industry ranks first in the world with an output value of 19.42 billion US dollars, accounting for 23.1% of the global market share. In terms of demand, Chinese consumption ranked first in the world, accounting for 27.2 percent of the global demand market with a total consumption of 22.3 billion U.S. dollars. Although China occupies an important market share in the global machine tool supply and demand market, it is a machine tool power, but it is not a machine tool power, and middle and high-end models still rely on imports