In 2021, China pushed for stronger innovation and technological independence across industries, and the government issued many policy drivers for the machine tools industry in particular. Advanced machine tools arena starts to show a more dynamic competitive picture, with more and more domestic players ramping up capacity and catching up their R&D.
MIR’s team has a long track record of research in this segment, and we keep studying it up close. Our Databank hosts up to monthly data of over a dozen sub-category of machine tools products. Our industry reports analyze and update market trends and the latest information of metal cutting machine tools and its players.
A screenshot example of “Industry Intelligence” function of MIR Databank for machine tools industry. Users can take reference from MIR Industry Index assigned to machine tools quarterly about its prosperity cycle.
Major products of the machine tools industry are broken down into metal cutting, metal forming, special processing and laser beam machine tools, and are tracked at sub-categories for annual market size (revenue).
Top players are ranked each year by total sales (non-public company by MIR proforma data). Industry reports are curated and updated frequently, accessible to users at any time.