The market demand for CNC turning continues to grow. The Chinese CNC machine tool market size is projected to reach RMB 432.5 billion in 2024, with the automotive, aerospace, and new energy industries being the core driving forces. As the manufacturing industry transforms towards intelligent and high-precision manufacturing, CNC turning, as a key processing method, is showing strong demand in multiple fields.
Market Size and Growth Trend
The Chinese CNC machine tool market size was approximately RMB 409 billion in 2023, and is projected to grow to RMB 432.5 billion in 2024, with a compound annual growth rate of approximately 5.75%.
As one of the mainstream CNC machine tools, CNC lathes saw industry sales revenue exceed RMB 8 billion in 2023 and maintain stable growth.
Exports performed exceptionally well: In 2022, 17,051 CNC gear processing machine tools were exported, with an export value of USD 527 million, demonstrating gradually increasing international competitiveness.
Market Size and Growth Trend
The Chinese CNC machine tool market size was approximately RMB 409 billion in 2023, and is projected to grow to RMB 432.5 billion in 2024, with a compound annual growth rate of approximately 5.75%.
As one of the mainstream CNC machine tools, CNC lathes saw industry sales revenue exceed RMB 8 billion in 2023 and maintain stable growth.
Exports performed exceptionally well: In 2022, 17,051 CNC gear processing machine tools were exported, with an export value of USD 527 million, demonstrating gradually increasing international competitiveness.
