Core Insights - The electric spindle market in China is projected to reach 5.677 billion yuan in 2024, with a year-on-year growth of 7.42% driven by the demand for high-precision and complex part processing in high-end manufacturing sectors such as aerospace, automotive, and electronics [1][6][7] - High-speed, high-precision, and high-power electric spindles have become the mainstream choice in the market, significantly enhancing the overall performance and processing capabilities of CNC machine tools [1][6] Industry Overview - Electric spindles integrate the spindle and motor of machine tools, eliminating the need for gearboxes and achieving a compact structure with advantages such as lightweight and good dynamic characteristics [2] - The electric spindle industry is closely linked to the overall development of the motor industry, which is expected to reach a market size of 798.758 billion yuan in 2024, growing by 0.98% [4] Market Size - The demand for electric spindles is expected to rise in tandem with the growth of the CNC machine tool market, which is projected to reach 432.5 billion yuan in 2024, with a year-on-year increase of 5.75% [6][7] Key Companies - Haozhi Electromechanical is a leading global player in the electric spindle market, with a focus on high-speed and precision grinding spindles, achieving a revenue of 703 million yuan in the first half of 2025, up 14.21% year-on-year [9] - Guojijiang Precision Engineering, part of the China National Machinery Industry Corporation, reported a revenue of 1.608 billion yuan in the first half of 2025, marking a 25.14% increase year-on-year [10] Industry Development Trends 1. **Accelerated Technological Iteration**: The industry is experiencing rapid technological advancements, enhancing product performance through new materials and smart technologies [11] 2. **Expansion of Application Fields**: The demand for electric spindles is growing in traditional sectors and emerging fields such as new energy vehicles and semiconductor equipment, creating new market opportunities [12] 3. **Integration of the Supply Chain**: The industry is moving towards deeper domestic substitution and integration, with leading companies enhancing their market positions through mergers and acquisitions [12]