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Get PriceThese days that percentage has moderated to about one third as domestic factories have grown China s production growth has spurred the Asian bloc of machine tool building countries to claim an aggregate output of $ billion last year By comparison the 15 countries in the Western European consortium called CECIMO shipped $ billion
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Get PriceChina is the largest producer consumer and importer of machine tools in the world China s imports of machine tools reached US$ billion in 2024 most of which are CNC machinery and core components from Germany Italy Japan and South Korea This is why the government s growth targets need to be considered more aspirational than achievable
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Get PriceA machine tool is a machine for handling or machining metal or other rigid materials usually by cutting The largest producer of machine tools was China with $ billion of production followed by Germany and Japan at neck and neck with $ billion and $ billion respectively
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