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       In the Chinese machine tool accessory industry, there are a large number of production enterprises, among which there are relatively few enterprises with larger scale, strong R&D and design capabilities, high technical level, and the ability to produce mid to high end products. Most of the enterprises are smaller in scale and have weaker supporting capabilities, mainly focusing on the low-end market competition with lower technical level requirements. In order to expand market share, many weaker machine tool accessory enterprises in China rely on price wars to participate in competition, resulting in a decline in the overall profitability of the industry.

       The upgrading of product structure is a major trend in the development of China's machine tool industry. In the short term, adjusting the product structure will lead to a decline in industry revenue and profit. However, in the long run, an increase in product technology content is beneficial for the industry to improve revenue and profit levels. As one of the components of the machine tool industry, the machine tool accessory industry must comply with development trends, meet the constantly upgrading needs of the manufacturing industry, adjust product structure, eliminate outdated production capacity, and develop towards high-end direction.

       The machine tool and tool industry is a fundamental and strategic industry of the country. The country has proposed a development strategy of "revitalizing national industries, increasing basic investment, and adjusting industrial structure", which has brought good development opportunities to the machine tool and its accessories industry. As one of the important sub industries of the machine tool industry and the machine tool accessory industry that is matched with machine tools, the transformation and upgrading of the industry and the adjustment of product structure will be the long-term development trend and industry development requirements, in order to adapt to the development of the machine tool industry.