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In 2018, China's machine tool industry is running smoothly, the Main Economic Indicators are optimistic, the market demand maintains a certain growth rate and the enterprise's business situation has been improved.
According to the statistics data of the Bureau, machine tool industry grow faster than the average level of machinery industry this year, especially the profit growth is relatively higher. From January to September 2018, the machinery industry revenue growth has increased 8.15 % while the machine tool industry has increased 11.03 %. However, machinery industry profit growth has increased only 2.85 % while the machine tool industry has increased 15.19 %. This refers to sub-industries like forming machine tools, bamboo and wood machinery, other dedicated devices, functional components and abrasive and grinding tools. Nevertheless, based on the main income profit margin, there seem to be serious differences among the machine tool sub-industry. For example, the profit margin in cutting tools, bamboo machinery and other special equipment and functional components is higher, while the profit margin of the metalworking machine tool industry is only 4.92 % with a relatively high profit growth. In fact, this profit margin is the lowest among the whole sub-industry. This shows that the machine tool industry, mainly general purpose machine tools, is struggling hard.
Undoubtedly, the machine tool industry, as an important symbol of modern scientific and technological innovation and as a measurement of a country's industrial automation level, has become the focus of high attention and competition in the world. In particular, it looks like a scientific and industrial revolution could emerge, which is mainly characterized by the rise in intelligent manufacturing. In order to adapt to changes in demand, machine tool industry should primarily focus on the supply side by providing product technology and service mode. This way the customers' new requirements are met and a new impetus through.