According to CRI’s investigation, the major considerations that garment manufacturing enterprises should take when choosing locations include workers, raw materials, tariffs, supply chains, religions and political unrests. Vietnam has mature workers in efficiency and skills besides China, and it is one of the biggest beneficiaries of TPP. Textiles manufactured in Vietnam will be exported to the U.S.A. and other important markets in the world such as Japan being exempted from Customs tariffs after TPP officially goes into effect among all members. This will increase the demand for processing products and create numerous jobs in Vietnam.

Industries benefited most are garments, foot-wears and textiles, which accounted for about 25% in Vietnam’s total export value in 2015. Furthermore, Vietnam and other TPP members shall abide by the rules of origins in garment products. Namely, the raw materials such as cotton yarns shall be originated from domestic market or other member countries, which will benefit the upstream material suppliers of Vietnam garment products. Textile manufacturers will further expand their production in Vietnam and transfer their textile industry as the countermeasures of rising costs of workers and energy in their Chinese bases.

To summarize, Vietnam has a priority if manufacturers in China choose to transfer their bases.

According to CRI, Vietnam has about 6,000 textile and garment manufacturing enterprises with over two million employees and providing job opportunities for over one million workers in relevant industries.

Under the context of global gloomy economy in 2015, the export value of textiles and garments in Vietnam increased by 9.43% YOY being USD 27.2 billion, of which export towards the U.S.A. increased by 11.5% being USD 10.9 billion. The U.S.A. is the biggest export market of Vietnam textiles and garments with a proportion of 40.3% in the total export value. The second goes to Europe with that of 12.5%, Japan with that of 10.2% and South Korea with that of 7.8%.

However, according to CRI, about 50%-60% of the garment raw materials of Vietnam depend on import and are mainly imported from China, South Korea and Taiwan, of which over half are from China. For example, only 2%-3% of cotton demanded in Vietnam textile industry is from domestic market, and the output volume of cotton is unstable. Vietnam also lacks local garment design talents and famous garment brands, which have significant development potentials.

In 2016, the minimum wage of garment manufacturing industry in Vietnam is about USD 108 (2.4 million Vietnamese dong) per month. It is relatively low in the world though increases compared to 2015. Considering that the quality of human resources in Vietnam are universally higher than most countries in south-east Asia, the productivity is relatively higher. With regards to manufacturing enterprises of garment raw materials, product enterprises and brand enterprises, Vietnam is a rather good investment destination.

Through this report, the readers can acquire the following information:

-Definition and Classification of Garment

-Research Methods, Parameters and Assumptions

-Competition in Vietnam Garment Industry

-Analysis on Leading Enterprises of Vietnam Garment Industry

-Analysis on Vietnam Garment Market

-Analysis on Import & Export of Textile and Garment in Vietnam

-Development Opportunities and Driving Forces Faced by Vietnam Garment Industry

-Risks and Challenges in the Development of Vietnam Garment Industry

-Analysis on Prices of Raw Materials and Products of Vietnam Garment

The post Vietnam Garment Manufacturing Industry Overview, 2011-2020 first appeared on CRI Report.

In recent years, annual growth rate of investment in fixed assets in China has been in constant decline. In 2015, the cumulative growth rate of investment in fixed assets was 10%, down by 5.7 percentage points compared with that of 2014. Because the market demand for machine tools in China is mainly driven by investment, decrease in the growth of investment in fixed assets would directly lead to a constant drop in the growth of domestic market size of machine tools.

In 2015, sales revenue of machine tool industry in China exceeded CNY 800 billion. Although the output value of machine tool industry in China has been in the leading position globally, structural contradictions of the whole industry have become more acute. Sales revenue of machine tool industry in China is experiencing a rising trend. However, China still lags behind developed countries in terms of manufacturing technics, which is embodied in the technical level and operating speed of core operating components, consistency in product precision as well as reliability of machine tools. For example, core components still rely on import from other countries, which is the biggest obstacle in the development of China’s machine tool industry.

According to statistics from General Administration of Customs of China, the total import and export value of machine tool industry reached USD 24.336 billion in 2015, down by 13.49% compared with that of 2014. Import value stood at USD 14.113 billion, down by 18.18% year on year; export value reached USD 10.223 billion, down by 6.06% year on year. Trade deficit stood at USD 3.89 billion.

In recent years, the numerical control rate of Chinese machine tools has been improved. However, when compared with countries such as US and Japan, China still lags behind.

As the high speed stage of the development of heavy chemical industry in China is approaching the end, growth of investment in related fixed assets is constantly declining, which affects the sales of relevant machine tool products in this field. A typical example is from 2011 on, production and import of heavy machine tool products has witnessed a decline trend.

The driving force for Chinese economic development is shifting. Since 2011 consumption has been becoming the primary driving force for economic growth gradually exceeding investment. Affected by this, production and sales of machine tools for consumer goods manufacturing is better than that of heavy industry. It is worth noticing that industrial robot industry in China is emerging. It becomes a trend for machine tool enterprises to enter robot manufacture field with their manufacturing advantages.

In order to support the development of machine tool industry, in recent years Chinese government has successively released such policies and measures as Plan on Adjustment and Revitalization of Equipment Manufacturing Industry, Outline of the National Program for Medium- and Long-Term Scientific and Technological Development (2006-2020), Decision on Speeding up the Cultivating and Developing Strategic Emerging Industry Issued by the State Council and Made in China 2025. The policy supports from Chinese government is favorable to the sound and sustainable development of machine tool industry.

It is estimated that sales revenue and output volume of machine tool industry in China will witness sustained growth in the next few years, yet the annual growth rate is expected to exceed no more than 5%. The industrial upgrading and technical innovation of downstream industries will stimulate a large demand for machine tool products with an obvious trend toward high-end products. Import of high-end machine tools and moulds in China is expected to continue the upward trend although the overall import of machine tools suffers sluggish growth.

Through this report, the readers can acquire the following information:

-Government Policies for Machine Tool Industry in China

-Supply and Demand of Machine Tool Industry in China

-Factors Influencing the Development of Machine Tool Industry

-Import and Export of Machine Tools in China

-Major Machine Tool Manufacturers in China

-Competition Status of Machine Tool Market

-Forecast on Development of Machine Tool Industry

The following enterprises and people are proposed to purchase this report:

-Manufacturers and Trading Enterprises of Machine Tools

-Affiliated Enterprises to Industry Chain of Machine Tools

-Investors/Research Institutes Concerned About 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 Status of the Industry in Chinese Economy

2 Development Environment of Machine Tool Industry in China, 2011-2016

2.1 Economic Environment

2.1.1 Chinese Economy

2.1.2 Global Economy

2.2 Industry Policies

2.2.1 Summary of Major Policies

2.2.2 Development Trend of Policies

2.3 Technological Environment

2.3.1 Labor Productivity

2.3.2 Technological Development Trend

3 Supply and Demand Status of Machine Tool Industry in China, 2011-2015

3.1 Supply

3.1.1 Output Volume

3.1.2 Product Structure

3.2.2 Adjustment in Product Structure

3.2 Demand

3.2.1 Sales Revenue

3.2.2 Demand Structure

3.3 Price Analysis

3.3.1 Price Index

3.3.2 Forecast on Prices

4 Import and Export of Machine Tools in China, 2011-2015

4.1 Import

4.1.1 Import Overview

4.1.2 Structure of Imported Products

4.1.3 Major Sources of Import

4.2 Export

4.2.1 Export Overview

4.2.2 Major Export Destinations

5 Competition Status of Machine Tool Industry in China, 2011-2015

5.1 Barriers to Entry and Exit

5.2.2 Technological Barriers

5.1.2. Capital Barriers

5.1.3 Brands and Market Reputation

5.1.4 Barriers to Exit

5.2 Competition Structure of the Industry

5.2.1 Upstream Suppliers

5.2.2 Downstream Customers

5.2.3 Competition among Existing Enterprises

5.2.4 New Entrants

5.2.5 Substitutes

5.3 Life Cycle of Machine Tool Industry in China

6 Analysis of Sub-industries of Machine Tools in China, 2011-2015

6.1 Introduction of Sub-industries

6.2 Metal-cutting Machine Tool Manufacturing Industry

6.2.1 Industry Scale

6.2.2 Production

6.2.3 Demand

6.2.4 Price

6.2.5 Development Trend

6.3 Metal Forming Machine Tool Manufacturing Industry

6.3.1 Industry Scale

6.3.2 Production

6.3.3 Demand Status

6.3.4 Price

6.3.5 Development Trend

6.4 Founding Machinery Manufacturing Industry

6.4.1 Industry Scale

6.4.2 Production Status

6.4.3 Demand Status

6.4.4 Development Trend

7 Analysis of Machine Tool Industry by Region in China, 2011-2015

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

 (The structures of 7.3-7.8 are similar to that of 7.2)

7.3 Jiangsu

7.4 Shandong

7.5 Shanghai

7.6 Zhejiang

7.7 Guangdong

7.8 Hubei

8 Major Enterprises of Machine Tool Industry in China, 2011-2015

8.1 Shenyang Machine Tool Co., Ltd.

8.1.1 Enterprise Profile

8.1.2 Operation Status

8.2 Shaanxi Qinchuan Machinery Development Co., Ltd.

8.3 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 Industrial Co., Ltd.

9 Prospect of Machine Tool Industry in China, 2015-2019

9.1 Factors Influencing Development

9.1.1 Economic Environment

9.1.2 Policy Environment

9.1.3 Investment in Fixed Assets

9.1.4 Market Supply and Demand

9.2 Prediction of Supply and Demand on Machine Tool Industry in China

9.2.1 Supply

9.2.2 Demand

9.3 Trend of Industry Development

9.3.1 Market Competition

9.3.2 Development Pattern

9.3.3 Technological Level of the Industry

9.4 Prediction of Investment Opportunities on Machine Tool Industry in China

9.4.1 Investment Opportunities by Region

9.4.2 Investment Opportunities by Product

9.5 Recommendations on Investment and Development

Selected Charts

Chart Classification of Sub-industries of Machine Tool Industry in China

Chart Proportion of Total Industrial Output Value of China’s Machine Tool Industry in GDP of China, 2007-2015

Chart Major Industrial Policies for Machine Tool Industry in China, 2011-2015

Chart Annual Labor Productivity Per Capita of Machine Tool Industry in China, 2007-2015

Chart Output Volume of Numerically-controlled Machine Tools in China, 2011-2015

Chart Output Volume of Major Machine Tool Products in China, 2011-2015

Chart Sales Revenue of Machine Tool Industry in China, 2011-2015

Chart Development Stage of Machine Tool Industry in China

Chart Sales Revenue of Sub-industries of Machine Tool Industry in China, 2015

Chart Output Volume of Metal-cutting Machine Tools in China, 2011-2015

Chart Sales Revenue of Metal-cutting Machine Tool Manufacturing Industry in China, 2011-2015

Chart Number of Metal Forming Machine Tool Manufacturers in China, 2007-2015

Chart Output Volume of Metal Forming Machine Tools in China, 2011-2015

Chart Output Volume of Metal-cutting Machine Tools in Liaoning Province, 2011-2015

Chart Analysis on Competitiveness of Shenyang Machine Tool Co., Ltd.

Chart Prediction of Sales Revenue on Machine Tool Industry in China, 2016-2020

The post Research Report on Machine Tool Industry in China, 2011-2020 first appeared on CRI Report.