The industrial development of developing countries is rapid and the market potential is huge. China's machine tool industry must focus on these areas in order to open up overseas markets. Thailand's industrial development in recent years has been quite successful, with the automotive industry particularly outstanding. The huge automobile market is bound to stimulate the development of the related spare parts machine tool industry. The Chinese machine tool industry can seize the opportunities in the Thai market and further expand the overseas market. According to data released by the Thai Industrial Alliance, in September, Thailand’s car sales were 133,700 units, a year-on-year increase of 52.48% and a year-on-year increase of 2.45%. Thanks to the Thai car's first-time car incentive policy for the promotion of new car sales, Thailand's car sales hit another record in September. Machine tools are the means of production of automobiles. The level of manufacture and quality of automobiles depends largely on the level of machine tools. The automotive and parts industry is the largest and most important user in the metal cutting machine industry. In the processing of auto parts, CNC lathes and vertical machining centers produced in China can basically meet the needs of auto parts processing. With the development of the Thai automotive market, the demand for machine tools will continue to grow.
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