Research Report on China Machine Tool Industry, 2010-2019

In recent years, the growth rate of fixed asset investment has kept dropping in China, reporting 15.7% in 2014 which decreased 8.8% compared with 2010. As the demand for …
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General

Publisher:
CRI
Geography Covered
China
Publication Date
7/24/2015
Pages
60
Version:
2010
Charts:
50
Language
  • English
  • Chinese
Format
License

Description

In recent years, the growth rate of fixed asset investment has kept dropping in China, reporting 15.7% in 2014 which decreased 8.8% compared with 2010. As the demand for machine tool is mainly driven by investment, the decrease mentioned above directly leads to the continuous decrease in the growth of the market size of machine tool.
In 2014, machine tool industry in China brought in sales revenue of CNY 819 billion which increased 2% year on year. Although its output holds a leading position in the world, there are increasingly serious structural problems in the whole industry. China’s machine tool still lags behind its counterpart in developed countries in terms of manufacturing process, which results in the obvious deficiencies in the technical level and operating speed of core components, accuracy preservation as well as the reliability of machine tool despite its rising sales revenue. If core component can’t be localized, it will constitute a huge obstacle to machine tool industry in China.
The numerical control rate of machine tool in China is lower than that in other countries like the US and Japan with despite its increase in recent years. For example, the numerical control rate of metal-cutting machine tool is about 30% and that of metal-forming machine tool is less than 10%.
In 2014, machine tool industry in China reported an export value of USD 11.63 billion with a year-on-year increase of 22.1%, among which USD 3.40 billion with a year-on-year increase of 18.8% came from metal-working machine tools, USD 2.27 billion with a year-on-year increase of 20.6% from metal-cutting machine tools and USD 1.12 billion from metal-forming machine tools, increasing 15.3% year on year. The Top 3 exports are cutting tool (USD 2.62 billion), metal-cutting machine tool (USD 2.27 billion) as well as abrasive and grinding tool (USD 2.18 billion).
In 2014, machine tool industry in China reported an import value of USD 17.78 billion with a year-on-year increase of 10.8%, among which USD 10.83 billion with a year-on-year increase of 7.6% came from metal-working machine tools, USD 8.84 billion with a year-on-year increase of 11.1% from metal-cutting machine tools and USD 1.99 billion from metal-forming machine tools, decreasing 5.8% year on year. The Top 3 imports are metal-cutting machine tool (USD 8.84 billion), metal-forming machine tool (USD 1.99 billion) as well as CNC device (USD 1.65 billion).
Among the sources of import, Japan ranks first with USD 5.16 billion which increases 23.6% year on year, Germany comes next with USD 4.29 billion which decreases 0.8% year on year and Taiwan ranks third with USD 2.31 billion, increasing 18.0% year on year.
The rapid development of heavy chemical industry is going to end and the growth in fixed asset investment keeps dropping, which has influenced the sales of machine tools oriented towards this area. A good case in point is the drop in the production and import of heavy machine tool since 2011. In 2014, the average production and sales of heavy machine tool manufacturers in China was only 51.0% of that in 2011 and the import value of heavy machine tool in 2014 equaled 75.0% of that in 2011.
As the driving force of Chinese economy has changed from investment to consumption since 2011, machine tool oriented towards commodity manufacturing reports a better production and consumption than that related with investment. For instance, the consumption of metal-cutting machine tool has decreased while that of metal-forming machine tool keeps growing. Besides, the import and domestic output of vertical machining center which serves the manufacturing of such consumer electronics as smart phone and pad grew fast in 2014, respectively increasing 141.0% and 37.3% year on year. The rise of industrial robot industry is worthy of attention because it has become popular now for machine tool enterprises to enter the field of robot manufacturing.
The sales revenue of machine tool industry in China is expected to keep growing in the next few years with a rate not exceeding 5%. Besides, due to the industrial upgrading and technical transformation of downstream industry, there will be a large demand for high-end machine tools whose import will increase despite the weak growth in overall import of machine tools.

Readers can get at least the following information through this report:
-government policy for machine tool industry in China
-supply and demand of machine tool industry in China
-factors affecting the development of machine tool industry
- import and export of machine tool in China
-competition in machine tool market
-development forecast of machine tool industry

The author suggests the following groups of people purchase this report:
-enterprises engaged in machine tool manufacturing and trade
-relevant enterprises in industrial chain of machine tool industry
-investors/research institutions interested in machine tool industry in China
Table of Contents

1 Basic Concepts of Machine Tool Industry
1.1 Definition and Classification
1.1.1 Definition
1.1.2 Classification
1.2 Role of the Industry in Chinese Economy

2 Development Environment of Machine Tool Industry in China, 2010-2015
2.1 Economic Environment
2.1.1 Chinese Economy
2.1.2 Global Economy
2.2 Industrial Policy
2.2.1 Summary of Principal Policies
2.2.2 Development Trend of Policy
2.3 Technical Environment
2.3.1 Labor Productivity
2.3.2 Development Trend of Technology

3 Supply and Demand of Machine Tool Industry in China, 2010-2014
3.1 Supply
3.1.1 Production
3.1.2 Product Structure
3.2.2 Structural Adjustment
3.2 Demand
3.2.1 Sales Revenue
3.1.2 Demand Structure
3.3 Price Analysis
3.3.1 Price Index
3.3.2 Price Forecast

4 Import and Export of Machine Tool in China, 2010-2014
4.1 Import
4.1.1 Import Overview
4.1.2 Import Structure
4.1.3 Major Sources of Import
4.2 Export
4.2.1 Export Overview
4.2.2 Major Export Destinations

5 Competition in Machine Tool Industry in China, 2011-2015
5.1 Barriers to Entry and Exit
5.1.1Technical Barrier
5.1.2 Capital Barrier
5.1.3 Brand and Market Reputation
5.1.4 Entry to Exit
5.2 Competitive Structure of the Industry
5.2.1 Upstream Supplier
5.2.2 Downstream Customer
5.2.3 Competition among Existing Enterprises
5.2.4 Newcomers
5.2.5 Alternatives
5.3 Life Cycle of Machine Tool Industry in China

6 Analysis of Machine Tool Sub-industries in China, 2010-2014
6.1 Introduction to Sub-industries
6.2 Metal-cutting Machine Tool Manufacturing
6.2.1 Industrial size
6.2.2 Production
6.2.3 Demand
6.2.4 Price
6.2.5 Development Trend
6.3 Metal-forming Machine Tool Manufacturing
6.3.1 Industrial Size
6.3.2 Production
6.3.3 Demand
6.3.4 Price
6.3.5 Development Trend
6.4 Foundry Machinery Manufacturing
6.4.1 Industrial Size
6.4.2 Production
6.4.3 Demand
6.4.4 Development Trend

7 Analysis of Machine Tool Industry by Regions in China, 2010-2014
7.1 Overview of Regional Distribution of Machine Tool Industry
7.2 Liaoning
7.2.1 Overview of Machine Tool Industry
7.2.2 Development Trend
(7.3-7.8 are Structured the Same as 7.2)
7.3 Jiangsu
7.4 Shandong
7.5 Shanghai
7.6 Zhejiang
7.7 Guangdong
7.8 Hubei

8 Key Enterprises in Machine Tool Industry in China, 2011-2015
8.1 Shenyang Machine Tools Co., Ltd
8.1.1 Company Profile
8.1.2 Operation Status
8.2 Qinchuan Machinery Development Co., Ltd
8.3 Shenji Group Kunming Machine Tool Co., Ltd
8.4 Tontec Technology Investment Group Co., Ltd
8.5 Weihai Huadong Automation Co., Ltd
8.6 Shandong Fin Cnc Machine Co., Ltd
8.7 Wuhan Huazhong Numerical Control Co., Ltd
8.8 Jiangsu Yawei Machine Tool Co., Ltd
8.9 Rifa Precision Machinery Co., Ltd
8.10 Qinghai Huading Industries Co., Ltd

9 Expectation to Machine Tool Industry in China, 2015-2019
9.1 Factors Affecting Develoment
9.1.1 Economic Environment
9.1.2 Policy Environment
9.1.3 Fixed Asset Investment
9.1.4 Market Supply and Demand
9.2 Supply and Demand Forecast of Machine Tool Industry in China
9.2.1 Supply
9.2.2 Demand
9.3 Development Trend of the Industry
9.3.1 Market Competition
9.3.2 Development Mode
9.3.3 Technical Level of the Industry
9.4 Forecast of Investment Opportunity in Machine Tool Industry
9.4.1 Investment Opportunity by Regions
9.4.2 Investment Opportunity by Products
9.5 Advice on Investment and Development

Table of Selected Charts

Chart Classification of Machine Tool Sub-industries in China
Chart Proportion of Machine Tool Industry’s Total Output to GDP in China, 2007-2014
Chart Major Industrial Policies for Machine Tool Industry in China, 2011-2014
Chart Annual Labor Productivity per Capita in Machine Tool Industry in China, 2007-2014
Chart Output of CNC Machine Tool in China, 2010-2014
Chart Major Machine Tools’ Output in China, 2010-2014
Chart Sales Revenue of Machine Tool Industry in China, 2010-2014
Chart Development Phase of Machine Tool Industry in China
Chart Sales Revenue of Machine Tool Sub-industries in China in 2014
Chart the Number of Metal-cutting Machine Tool Manufacturers in China, 2010-2014
Chart Sales Revenue of Metal-cutting Machine Tool Manufacturing in China, 2010-2014
Chart the Number of Metal-forming Machine Tool Manufacturers in China, 2007-2014
Chart Output of Metal-forming Machine Tool Manufacturing in China, 2010-2014
Chart Output of Metal-cutting Machine Tool in Liaoning, 2010-2014
Chart Competitiveness Analysis of Shenyang Machine Tools Co., Ltd
Chart Sales Revenue Forecast of Machine Tool Industry in China, 2015-2019
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