As of 2024, China's vertical machining center industry produced 34,517 units, with a demand of 32,501 units, resulting in a market size of approximately RMB 11.79 billion. In 2024, China imported 10,220 vertical machining centers and exported 12,236 units. In 2022, China's imports of vertical machining centers amounted to RMB 7.67 billion, while exports amounted to RMB 2.41 billion. In terms of product structure, in 2022, vertical machining centers with five axes or less accounted for 95.95% of the total output, while five-axis vertical machining centers accounted for 4.05%.
The industry is highly competitive, with major companies concentrated in East China, such as Genesis, Haitian Precision Machinery, Rifeng Precision Machinery, Neway CNC, Shenyang Machine Tool, and Huadong CNC. Downstream applications are primarily in the automotive, aerospace, and mold manufacturing sectors.
The future development trends of vertical machining centers include intelligentization, high speed, and precision.
