China overtook Germany as the world's largest machine tool market. From 1998 to 2005, average annual growth rate of 15%, China's machine tool market sales will reach $2005 in 7 billion. Traditional machine tool power market stagnation or is losing, Germany has lost the first machine tool power, into second place, Japan and the United States in the third and fourth respectively. The growth of China's machine tool market there are three main factors: accession to the wto that China's economic framework conditions improved, regional demand for automobile and aviation industries, China as attractive production base.China became the first machine tool bearing market
The analysis shows that SKF 6208 Bearings Supplier http://www.ghk-bearings.com/SKF-6208-Deep-Groove-Ball-Bearing-26108.html tool market is divided into two large low-end and high-end. Many of China's small businesses, often state-owned enterprises occupy the low end the market, the market price competition is fierce. High-end market mainly by foreign manufacturers, especially in Europe, Japan and Taiwan manufacturers monopoly, they mainly to the Chinese automobile, aviation and aerospace industry and other industry export high-tech CNC machine tools. In 2005, China's machine tool imports will amount to about $4 billion, accounting for machine tool market share of 60%. Since 1998, China CNC machine tool production has increased by three times, shows that the market demand gradually turned to the highly specialized machine tools. Chinese companies will produce a large number of highly specialized machine tool demand, the quality standard and has not yet been fully reached the international level. At present, leading the Chinese manufacturers began to occupy the original give priority to in order to import the mid-market. To fill the blank of the technology, Chinese manufacturers will intensify research and development of new products, strengthen the joint venture and cooperation with foreign enterprises.China became the first machine tool bearing market
, according to a survey of German machinery manufacturing enterprises, enterprises have recognized the potential of China's economic growth, nearly all (98%) of the companies surveyed have business relations with China. More than half (52%) of companies to China's export products; A third of the companies have set up factories in China. German automobile, aviation and aerospace industry benefit from the growth of the Chinese market. Companies surveyed believe that China is worrying, intellectual property and copyright protection, only by constantly to expensive innovation to maintain its technological lead.China became the first machine tool bearing market