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    Precision machining is becoming more and more important in the industrial industry, with strong development momentum

      As my country's economy continues to grow, my country's machining industry has developed rapidly. Under the background of economic transformation, the machining industry is gradually upgrading, from low-end machining to the field of precision machining, and production efficiency and technical accuracy continue to improve. Under the strategic background of "Made in China 2025", the transformation and upgrading of my country's precision machining industry has accelerated and its development momentum is strong.
    According to the "2019 Global Precision Machining Industry Market Status Survey Report" released by the New Sijie Industry Research Center, products produced by the precision machining industry play an important role in many high-tech industries such as automobiles, medical treatment, electronics, communications, and military industries. , Its market demand is huge. From 2011 to 2018, the global precision machining market developed steadily. In 2018, the market size reached US$216 billion, a year-on-year increase of 1.9%. Among them, the field of high-end precision machining is developing rapidly. From 2011 to 2018, the market size has grown at a compound growth rate of 11.3%, and its position in the precision machining industry is becoming more and more important.
      The precision machining industry is an industry that crosses multiple disciplines, such as machining, electronic technology, optics, automatic control, and computer technology, with high barriers to entry. my country's precision machining industry started late. In the early stages of development, restricted by technology, experience and talents, the industry has a huge gap in R&D innovation, technological level, and other aspects of foreign-funded enterprises. With the rapid growth of market demand in my country, domestic enterprises have continuously increased their capital investment and independent research and development capabilities. At this stage, the overall strength of the industry has made considerable progress.
    However, compared with developed countries and regions such as the United States, Europe, and Japan, my country's precision machining industry is still weak in terms of enterprise scale and product technology content. The products produced are mainly concentrated in the low-end and middle-end areas, and high-precision products cannot satisfy the market. Demand also depends on imports. In my country's precision machining market, domestic companies account for a relatively large market share, while foreign companies account for a relatively small share. However, in terms of profitability, foreign companies occupy an advantageous position, and domestic companies have low added value of products and limited profit margins.
      In the context of the transformation and upgrading of the manufacturing industry, my country's market has continuously improved the precision and high-end requirements of precision machining products. At the same time, precision machining products occupies an important position in my country's export trade, and the proportion of exports continues to increase. The global precision machining industry is shifting to mainland China. In the international market demand, the share of high-precision products is rising rapidly. With the shift of domestic and international market demand to high-end, my country's precision machinery processing industry's independent R&D and innovation capabilities and the level of production technology still need to continue to improve.
    Industry analysts in New Thinking said that under the strategic background of “Made in China 2025”, my country’s manufacturing industry is upgrading to digital, intelligent, large-scale, and intensive. The demand for raw materials and production equipment is gradually becoming high-tech and high-tech. The direction of quality and customization can be improved. This requires my country’s precision machining industry to shift from focusing on “quantity” to focusing on “quality”, and to progress in the direction of “strong and precise”, and increase investment in product quality, supporting services, brand awareness, etc., to achieve high-end products Import substitution improves international competitiveness.
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