China Machine Tool Market Size Set to Exceed 800 Billion Yuan by 2029
From sophisticated mobile phone chips to China's soaring large aircraft, have you ever wondered where their original forms came from? The answer lies in a core field known as industrial machine tools.
The phone case in your hand, the refrigerator in your home, the large aircraft in the sky—their "parts embryos" are all processed and formed by industrial machine tools. As the "heart" of the equipment manufacturing industry, it is not only the manufacturing foundation for all industrial products but also the core "calling card" of a country's manufacturing competitiveness.
Today, China's industrial machine tools have secured the top spot globally in terms of industry scale. Next, they are poised to forge ahead into the "uncharted territory" of even greater intelligence.
As early as 1998, a small workshop in the Pearl River Delta began dismantling foreign machine tools, studying their circuits, and using components from Huaqiangbei as affordable replacements, significantly reducing costs.
Following the 2008 financial crisis, many scrapped foreign machine tools flowed into Dongguan. Technicians disassembled parts from these discarded machines and reassembled them into specialized equipment for manufacturing phone casings, achieving a precision of 0.01 millimeters at just one-seventh the cost of imported machinery.
Today, China has long maintained its position as the world's largest producer and consumer of machine tools, leading globally in industrial scale for 13 consecutive years. In 2024, the market size of China's machine tool industry grew from 6,313.62 billion yuan in 2019 to 7,128.86 billion yuan, with projections indicating it will exceed 8,000 billion yuan by 2029.
In September 2025, the National Standardization Administration and the Ministry of Industry and Information Technology jointly issued the "Industrial Machine Tool High-Quality Standard System Construction Plan," providing strategic direction for the high-quality development of the industrial machine tool sector.
Once stifled by technological blockades, China's industrial machine tool industry is now advancing confidently toward the "global technological summit" of manufacturing—bolstered by the firm fist of "independent innovation" and armed with the new weapon of "AI intelligence."
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