As of 2023, the import of horizontal lathes for metal not numerically controlled into China stood at 2.32 thousand units. Forecasts predict a steady increase with 2.35, 2.38, 2.41, 2.45, and 2.48 thousand units expected from 2024 through 2028, respectively. The year-on-year growth rates indicate consistent but modest annual increases, projecting an average CAGR over the period. The consistent growth reflects advancements in manufacturing and industrial demand in China.
Future trends to watch include:
- Technological advancements may influence the shift from non-numerically controlled to numerically controlled lathes.
- Evolving global trade policies and tariff changes impacting import costs.
- Potential economic shifts affecting industrial production capacities and domestic demand.