--- title: "The CNC machine tool industry is rapidly developing" type: "News" locale: "en" url: "https://longbridge.com/en/news/230131885.md" description: "Since the beginning of this year, driven by emerging industries such as humanoid robots and new energy vehicles, orders for industrial mother machines have surged, with particularly strong demand for mid-to-high-end CNC machine tools. With the support of national policies for large-scale equipment updates and the replacement of old consumer goods, the domestic CNC machine tool industry has ushered in rapid development. The latest data shows that in 2024, China's metal processing machine tool production value is expected to reach 205 billion yuan, a year-on-year increase of 5.1%. In 2024, new orders and orders on hand for metal processing machine tools are expected to grow by 5.5% and 10.8% year-on-year, respectively" datetime: "2025-02-28T18:12:12.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/230131885.md) - [en](https://longbridge.com/en/news/230131885.md) - [zh-HK](https://longbridge.com/zh-HK/news/230131885.md) generator: "portal-rs" --- # The CNC machine tool industry is rapidly developing Since the beginning of this year, driven by emerging industries such as humanoid robots and new energy vehicles, orders for industrial mother machines have surged, with particularly strong demand for mid-to-high-end CNC machine tools. With the support of national policies for large-scale equipment upgrades and the replacement of old consumer goods, the domestic CNC machine tool industry has ushered in rapid development. The latest data shows that in 2024, China's metal processing machine tool production value will reach 205 billion yuan, a year-on-year increase of 5.1%. In 2024, new orders and orders on hand for metal processing machine tools will increase by 5.5% and 10.8% year-on-year, respectively ### Related Stocks - [000837.CN](https://longbridge.com/en/quote/000837.CN.md) - [300024.CN](https://longbridge.com/en/quote/300024.CN.md) ## Related News & Research - [Top Economist Slams Trump’s Venezuela Oil Deal ‘Theft’ — ‘Toppled Their Leader’ and ‘Had Him Sign Over Billions’](https://longbridge.com/en/news/298310697.md) - [ROI-Unloved, but unbroken — the US bond market is working as it should: McGeever](https://longbridge.com/en/news/298323596.md) - [Record-Breaking 30Y Auction Sees Huge Stop Through, 2nd Highest Foreign Demand On Record](https://longbridge.com/en/news/298629378.md) - [Ucore director Randy Johnson’s Orca lifts stake with 10,268,165-share warrant exercise, early warning filing due](https://longbridge.com/en/news/298508072.md) - [Precise Biometrics sets warrant exercise price at SEK 0.47 per share](https://longbridge.com/en/news/298683825.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**