Domestic bed accessories can basically meet the needs of mid-range beds, but the machine tool accessories for some high-end horizontal beds still lag behind those of foreign countries. This is partly related to the overall equipment manufacturing capabilities, collaborative supporting capabilities, and the company's own technological transformation capabilities. When ensuring a large number of market orders, companies in most industries should also pay more attention to the research and development of technical reserve products and resolve the contradiction between order products and new product development. We must not only protect the current market, but also pay attention to developing future market competitiveness.
As an essential equipment for industrial manufacturing, my country's machine tool industry has grown at a double-digit rate every year, ushering in a period of rapid development and has become the mainstream of my country's machine tool consumption. In recent years, the strong demand of my country's industry will still maintain rapid growth, with an average annual compound growth rate of 37.4. The domestic machine tool industry has shown a situation of joint development of state-owned, private, and foreign-funded enterprises, the industry structure has been optimized, and the overall quality has been significantly improved.
The state will also continue to support development. During the 12th Five-Year Plan period, my country will continue to invest and increase its intensity. Major special projects will drive more than 10 billion in capital investment every year. Elevate the cultivation of core competitiveness, independent innovation, quantitative integration and brand building to a strategic level to achieve the goal of a total industrial output value of 800 billion yuan.
Compared with foreign countries, the development of machine tools in my country started late. Although the development time is not long, it has maintained a trend of rapid growth. The current demand for machine tools is still very strong. Chinese companies have occupied a place in the mid-range machine tool market. High-end machine tools due to technological advancements The reason is that for the time being, a large number of foreign machine tools are imported.
CNC machining is a trend in the mechanical processing industry towards high quality, high precision, high yield and high efficiency. my country's good development trend shows that demand is still at a high level. Relevant enterprises should seize the opportunity and strive to realize the transformation of products from low-end to high-end, from primary product processing to high-precision product manufacturing as soon as possible. The development of China will also effectively realize the transformation from machine tools A large tool-producing country has transformed into a powerful country in machine tool tools.
The rapid development of the national economy, the revitalization of the equipment manufacturing industry, and the increasing demand for technological upgrading of the entire manufacturing industry and national defense modernization. Driven by the rapid growth of fixed asset investment, the machine tool accessory tool market is showing a trend of booming production and demand.