Machine tool is the carrier of advanced manufacturing technology and the basic production means of equipment industry. It is the basic equipment of equipment manufacturing industry. It mainly serves the industries of automobile, military industry, agricultural machinery, engineering machinery, electric power equipment, railway locomotive, ship and so on. China has become the world's largest machine tool consumer and machine tool importer for several years, and the third largest machine tool producer in the world.

Because the machine tool industry plays a key role in the competitiveness of national defense military industry and manufacturing industry, our government has raised the machine tool industry to a strategic position, and listed the development of large-scale, precision, high-speed CNC equipment and functional components as one of the important objectives of national revitalization. With the introduction of a series of supportive policies, China's machine tool industry is expected to continue its rapid growth trend in the next few years, while achieving a qualitative breakthrough in technological capabilities, forming international competitiveness in the field of high-end machine tools, and the birth of several world-class machine tool enterprises. Overall, the medium and long-term development momentum of China's machine tool market will still be relatively strong, and China's machine tool industry will enter a period of strategic opportunities for development in the next few years.