The machine tool industry urgently needs supply-side reform​

The China Machine Tool Industry Association held an international machine tool information conference during the 9th China CNC Machine Tool Exhibition recently hosted by the China Machine Tool Industry Association. It said that in the first quarter of this year, China's machine tool consumer market has not yet come out of the downward adjustment range.
  
  China's machine tool consumer market began to enter a downward adjustment channel in 2012, and by 2015, the scope of downward adjustment showed a comprehensive expansion trend. Chen Huiren, executive vice chairman and secretary-general of the China Machine Tool Industry Association, said that China's machine tool consumer market is highly correlated with China's macroeconomic environment, and will continue to change in the future as China's economic adjustment and transformation continues to deepen. Continuous adjustments have had a comprehensive and profound impact on China's machine tool industry. Industrial differentiation, transformation and upgrading have increasingly become the main features of industrial development in recent years. China's machine tool industry will accelerate transformation and upgrading amid differentiation.
  
  The first is industrial differentiation. The differentiation of the machine tool industry is concentrated in three aspects: market differentiation, industry differentiation and enterprise differentiation. Industrial differentiation refers to the serious oversupply of low-end homogeneous products, while the "effective supply" to adapt to changes in the market demand structure is relatively insufficient; industry differentiation refers to the obvious differentiation of the operations of different sub-sectors in the machine tool industry, such as metal cutting. The two main categories of machine tools and metal forming machine tools have shown completely different operating and development status in the past few years; enterprise differentiation refers to the different development trends of different types of enterprises, with the three major enterprise groups of state-owned and collective holdings, private holdings and foreign-owned holdings disappearing one after another. In the past few years, a considerable number of traditional enterprises have struggled under the impact of market changes, but a number of emerging enterprises have bucked the trend and are full of vitality.
  
  The second is transformation and upgrading. Under the pressure of market changes, a powerful external force, China's machine tool industry is undergoing a new round of transformation and upgrading. Compared with the previous round of adjustment in the 1990s, it is more comprehensive and profound, and therefore more profound. Harder and more challenging. In summary, the focus of this round of adjustment and transformation is mainly on the transformation of development strategy, reconstruction of competitiveness and upgrading of corporate structure. The supply-side structural reform will surely become a new theme for the transformation and adjustment of China's machine tool industry, which means new opportunities and new challenges.
  
  Chen Huiren said that the China Machine Tool Industry Association's basic judgment on the trend of China's machine tool market in 2016 is: as for the market as a whole, it will still be in a downward adjustment range throughout the year, but the downward trend will be narrowed to a certain extent compared with last year; the market Structural differentiation has further evolved, and the market demand in the metal cutting machine tool segment is expected to bottom out and stabilize within this year. The downward trend in the market in segmented industries such as metal forming machine tools and measuring tools may further deepen; the main direction of upgrading the market demand structure is automation. Complete sets, customized customization and universal shifting upgrades will become more obvious.