CNC machine tool is an automatic machine tool equipped with a program control system, which can be divided into metal cutting machine tools, metal forming machine tools, special processing machine tools, etc. With the significant improvement of the prosperity of the manufacturing industry, CNC machine tools as the core equipment of modern manufacturing industry, the industry is expected to achieve a larger market demand.

CNC machine tool definition

2711-K10G1 CNC lathe is one of the most widely used CNC machine tools. It is mainly used for the internal and external cylindrical surface of shaft parts or disk parts, the internal and external conical surface of any cone Angle, complex rotary internal and external surface and cylinder, taper thread, etc., and can be cut, drilling, reaming, reaming and boring.

Numerical control machine tool is short for digital control machine tool, is a kind of automatic machine tool equipped with program control system. Compared with ordinary machine tools, CNC machine tools have the following characteristics:

Compared with ordinary machine tools, CNC machine tools have outstanding advantages in processing accuracy, processing efficiency, processing capacity and maintenance. CNC machine tools are widely used in mold manufacturing, engineering machinery, rail transit and other fields. In order to promote the development of CNC machine tools, the state has issued a series of encouraging policies, the policy content mainly involves the transformation and upgrading of the manufacturing industry guide, CNC machine tool equipment specifications, CNC machine tool localization rate, CNC machine tool industry cluster and other content.

1. Market size

2711-K10G1 Under the support of national policies and the continuous innovation of enterprises, the CNC machine tool industry has shown a rapid development trend, the scale of the industry continues to expand, and the overall operating condition is stable and good. According to the “2024-2029 China CNC machine tool market demand forecast and development trend Outlook Report” released by the China Business Industry Research Institute, the market size of China’s CNC machine tool reached about 409 billion yuan in 2023, and the compound annual growth rate of 5.75% in the past five years. China Business Industry Research Institute analysts predict that the industry market size will reach 432.5 billion yuan in 2024.

2. Localization rate

From the perspective of localization rate, China’s CNC machine tool enterprises are mainly positioned in the low-end market, and the penetration rate of high-end products is still at a low level. The “2024-2029 China CNC machine tool market demand forecast and development trend Outlook Report” released by the China Business Industry Research Institute shows that the current localization rate of China’s medium and low-end CNC machine tools is 65%, 82%, and the localization rate of high-end CNC machine tools is only 6%, and there is a large localization space for high-end CNC machine tools.

3. Production situation

(1) Metal cutting machine tools

Metal cutting machine tool is a major category of machine tools, the “2024-2029 China metal cutting machine tool industry market prospects forecast and future development trend report” released by the China Business Industry Research Institute shows that in 2023 China’s metal cutting machine tool production reached 613,000 units, an increase of 7.17%. From January to February 2024, the output of metal cutting machine tools in China reached 92,000 units, an increase of 19.5%.

(2) Metal forming machine tools

2711-K10G1 CNC machine tool for metal forming is a kind of high-precision machining equipment integrating mechanical, electronic, hydraulic, pneumatic and other technologies. The “2024-2029 China Metal forming machine tool industry market Outlook forecast and future development Trend Report” released by the China Business Industry Research Institute shows that in 2023 China’s metal forming machine tool production reached 151,000 units, down 17.5% year-on-year. From January to February 2024, the production of metal forming machine tools in China reached 22,000 units, down 4.3% year-on-year.

4. Analysis of key enterprises

In the listed companies of the CNC machine tool industry, from the perspective of layout, the main listed companies of CNC machine tools are accelerating the layout of high-end CNC machine tools and machining centers. CNC machine tool main enterprises include Genesis, Central Numerical control, Newey numerical control, Yuhuan numerical control, Guosheng technology and so on. The specific figure is shown as follows:

1. Genesis

Guangdong Genesis Intelligent Equipment Group Co., Ltd. is the main business of CNC machine tool research and development, production and sales. The main products of Genesis are drilling and milling machining center series, vertical machining center series, gantry machining center series, horizontal machining center series, CNC lathe series, precision carving machining center series, five-axis machining center, “Machine tool cloud” platform, high-end machine tool digital solutions, new energy automotive industry processing solutions.

In the first three quarters of 2023, the operating income was 2.786 billion yuan, down 28.21% year-on-year; The net profit returned to the mother was 162 million yuan, down 63.27% year-on-year. In 2022, CNC machine tools accounted for 97.69% of the overall revenue.

2. Central China CNC

The main business of Wuhan Huazhong Numerical Control Co., Ltd. is the development, technical service and product sales of numerical control system, mechatronics, electronics, computer, laser, communication and other technologies. The main products of Huazhong CNC are Huazhong 8 high-end CNC system, industrial robots and intelligent manufacturing, education and teaching program services, new energy vehicle servo motor, new energy vehicle driver, new energy vehicle controller, body lightweight.

In 2023, the operating income reached 2.115 billion yuan, an increase of 27.18%; The net profit returned to the mother was 27 million yuan, an increase of 58.82%. In 2023, the main products include robots and intelligent production lines, CNC systems and machine tools, and special equipment, accounting for 52.87%, 42.18%, and 2.99% of the overall revenue, respectively.

3. Qinchuan Machine tool

The main business of Qinchuan Machine Tool Group Co., Ltd. is R&D, production and sales of gear grinding machines, thread grinding machines, cylindrical grinding machines (crankshaft grinding, spherical grinding, axle grinding), gear hobbing machines, gear turning machines, general CNC lathes and machining centers, gantry type turning milling and boring complex machining centers, precision and efficient broaching machines, plastic machinery (hollow machine) and other high-end CNC equipment; CNC complex tool, high-end CNC system, rolling function parts, auto parts, special gear box, robot joint reducer, screw rotor pair, precision gear, precision instruments, precision castings and other parts products; Provide intelligent manufacturing and automated production lines, intelligent machine tools and other intelligent manufacturing and core CNC technology, equipment and other system integration business.

In 2023, the operating income was 3.761 billion yuan, down 8.29% year on year; The net profit returned to the mother was 52 million yuan, down 81.09% year-on-year. In 2023, the main products include machine tools, parts and tools, accounting for 47.34%, 37.01% and 8.53% of the overall revenue, respectively.
4. Zhe Heideman

Zhejiang Headman Intelligent Equipment Co., LTD., the main business is CNC lathe research and development, design, production and sales. The company’s products are mainly divided into high-end CNC lathes, automatic production lines and popular CNC lathes. Zhejiang Heideman is the director unit of China Machine Tool Industry Association, the key contact enterprise of China Machine Tool Industry Association, and the member unit of the Lathe branch of the National Metal cutting Machine tool Standardization Technical Committee.

The first three quarters of 2023 achieved operating income of 465 million yuan, an increase of 3.56%; The net profit returned to the mother was 24 million yuan, down 55.56% year-on-year. In 2022, the main products include high-end CNC lathes, popular CNC lathes and automated production lines, accounting for 66.83%, 18.79% and 9.03% of the overall revenue respectively.

5. Cord Numerical Control

The main business of KeDE CNC Co., Ltd. is five-axis CNC machine tools, high-end CNC systems, key functional components and flexible automated production lines. The main products of Kede CNC include serialized five-axis vertical (including turn-milling), five-axis horizontal (including turn-milling), five-axis horizontal milling compound, five-axis gantry four general machining centers, five-axis tool grinding, five-axis blade machine, high-speed blade tip grinding center three serialized special machine tools and high-end CNC systems serving high-end CNC machine tools. Servo drive device, serialized motor, serialized sensing products, electric spindle, milling head, turntable and other key functional parts.

The first three quarters of 2023 achieved operating income of 293 million yuan, an increase of 41.55%; The net profit returned to the mother was 65 million yuan, an increase of 96.97%. In 2022, the main products include high-grade CNC machine tools, automated production lines, and key functional components, accounting for 87.40%, 7.45%, and 2.44% of the overall revenue, respectively.