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Machinery-China

Machinery

China

Overview

US machinery exports have experienced healthy growth over the past four years rising nearly US $3 billion in value since 2000 to reach more than US $ 7.2 billion in 2004. One of the main drivers for increased demand for US machinery products is the expansion of China’s manufacturing capacity and increased competition among Chinese manufacturers. The automotive industry accounts for over half of China’s machine tool industry and has been driving growth on this sector for the past four years.

In order to deal with the increased market opportunities and competition resulting from entry into the WTO, China has placed great emphasis on upgrading its conventional industries with more advanced high-tech machinery and equipment. China is also moving rapidly to restructure the state-owned, exclusively invested and private enterprises. These two initiatives, along with the start-up of numerous major national projects, are stimulating rapid growth in the demand for machine tool and tooling products in China. As a result, market opportunities exist for machine tool builders. China is expected to continue to import advanced equipment and technology valued in the tens of billions of US dollars.

Best Products/Services

Imports of metal-cutting machine tools increased by 20.6%, with a total value of USD 2.07 billion, and metal forming machine tools increased by 40.26%, with a total value of USD 1 billion. The majority of import sales were for the following machines: grinders, lathes, spindles, tool carriages, ball-screws, tool system manipulators, high-speed protectors, and precision tools. China primarily depends on imported machine tools and integrated products that are high speed, precise, intelligent, environmentally friendly, high quality, and efficient.

Resources

U.S. Associations

Association of Manufacturing Technology (AMT)

www.amtonline.org

www.amtchina.org

Chinese Association

China Machine Tool & Tool Builders’ Association

www.cmtba.org.cn

Trade Shows

The 5th China International Equipment and Manufacturing Exposition (CIEME 2006)

August 29- September 2, 2006

Shenyang, China