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Home >> China’s Machine Tool Industry: Market Trends and Opportunities
China’s Machine Tool Industry: Market Trends and Opportunities
来源: | 作者:佚名 | 发布时间 :2025-04-02 | 269 次浏览: | Share:
China’s machine tool industry, boasting a market value exceeding RMB 200 billion (approximately US$27.86 billion), relies significantly on foreign imports, driving diverse opportunities for international collaboration and investment, and supported by substantial government incentives.

UPDATE (March 7, 2024): On February 8, 2024, the Ministry of Industry and Information Technology (MIIT) along with other departments, jointly issued the Notice on the Compilation of the List of Industrial Machine Tool Enterprises Eligible for the Policy of Additional Deductions on Research and Development Expenses in 2023 (hereinafter referred to as the “notice”).

According to the notice, enterprises seeking eligibility for the policy of additional deductions on research and development (R&D) expenses in 2023 must adhere to specific criteria. Firstly, they are required to manufacture advanced industrial machine tool products. Additionally, they must maintain a minimum ratio of R&D personnel to total employees, allocate a threshold percentage of revenue to R&D expenses, and generate a minimum percentage of revenue from specified products.

To apply for inclusion in the program, enterprises must submit their applications and supporting documents through the designated online portal by March 31, 2024. Following this deadline, local authorities will conduct initial verification of the submitted applications. Once verified, approved enterprises will be forwarded to the MIIT for further review. This process is anticipated to be completed by April 15, with final confirmation expected by May 10, 2024. Enterprises included in the program can assess their eligibility for deductions during corporate income tax prepayment for the subsequent year. However, failure to meet the inclusion criteria may lead to the loss of eligibility for a period of three years. 

China’s machine tool industry is the world’s largest, boasting a market value exceeding RMB 200 billion (approximately US$27.86 billion). Spearheaded by less than 20 high-end manufacturers, China has embraced advanced technologies, prioritizing the development of precise, intelligent Computer Numerical Control (CNC) machine tools and accessories.

Despite strong support from the government for the development of the domestic machine tool industry, the Chinese reliance on imported high-end CNC machine tools and accessories remains high, driving continued demand for foreign products.

Consequently, foreign manufacturers and suppliers are discovering ample opportunities for collaboration, capitalizing on China’s relentless pursuit of technological prowess and refined manufacturing standards.

This article provides an industry overview and lays out the diverse opportunities and challenges for investors. Foreign companies will gain key insights into China’s machine tool industry—dominant market leaders, trends in technology development, and relevant regulations impacting business and R&D.