In recent years, the scale of China's CNC machine tool industry has continued to expand. In 2023, the scale of China's CNC machine tool industry is about 409 billion yuan. It is expected that the scale of China's CNC machine tool industry will reach 432.5 billion yuan by 2024, a year-on-year increase of 5.7%. It is expected that the global CNC machine tool market will reach 908.612 billion yuan by 2028, and the compound annual growth rate of the CNC machine tool market is estimated to be 6.87% during the forecast period. With the transformation and upgrading of China's manufacturing industry, the demand for precision machining continues to increase, and the demand for high-end CNC machine tools in the manufacturing industry continues to grow. The market share of domestically produced high-end CNC machine tools in China has been increasing year by year.
According to the "Market Demand Forecast and Investment Strategy Planning Analysis Report of China's CNC Machine Tool Industry" by Forward Industry Research Institute, it is predicted that the scale of China's CNC machine tool market will steadily and rapidly grow in the future, reaching 572.8 billion yuan by 2024, with a compound growth rate of about 7.8% from 2022 to 2024. Among them, there is a vast space for domestic substitution in the field of high-end CNC machine tools, and the promotion and popularization of high-end CNC technology equipment represented by five axis linkage machining technology is the trend of the industry. This has brought new growth opportunities for domestic enterprises.
As the 24th Lijia International Intelligent Equipment Exhibition based in Chongqing and radiating to the southwest and even the whole country, it is scheduled to be held from May 13th to 16th, 2024 at the Chongqing International Expo Center; The exhibition will focus on showcasing new technologies and products such as intelligence, automation, and digitization, and create a heavyweight theme of "digital driven, gathering new art". It will once again focus on business opportunities, experience exquisite craftsmanship, promote the application of new machining technologies, processes, and equipment in actual production, accelerate the digital transformation of the processing industry, and help enterprises innovate, integrate, improve quality and efficiency, and transform and upgrade.
As a leading enterprise in the research and development of high-end CNC machine tools, Pradi strives to create high-precision and cutting-edge five axis linkage machining machines, and open up the machine tool market in the southwest region. On May 13, 2024, Pradi was specially invited to participate in the Chongqing Lijia Exhibition and appeared at booth 8231 of N8 Hall, bringing star products from four major product lines. This will further deepen the interaction and exchange in the machine tool industry, and help enterprises contribute to innovation integration, quality and efficiency improvement, transformation and upgrading!