Machine Tools Market in China
Demand for machine tools in China to increase 13% annually through 2012
Chinese demand for machine tools is projected to see annual gains of 13 percent through 2012 to ¥606 billion, supported by rapid growth in durable goods production, especially for industrial machinery, transportation equipment, primary and fabricated metals, and electrical and electronic goods. In addition, the expansion and modernization of China’s infrastructure will result in gains in ceramic, glass, stone and wood products demand, which will stimulate machine tool demand. Moreover, a rise in demand for higher-value computerized numerical control machine (CNC) tools will boost overall market value.
Metal cutting machine tools to post healthy gains
Metal cutting machine tools will be the fastest growing product category through 2012, benefiting from strong growth in investment by the manufacturing sector and improving technological capabilities in CNC technology, which is mostly employed in metal cutting machine tools such as machining centers. Sales of machine tool accessories will also climb at an above-average rate, driven by fast growth in metal cutting, metal forming and nonmetal machine tool production in China. Sales of metal forming machine tools will grow at a healthy pace, fueled by continued growth in manufacturing sector output and further gains in fixed investment spending by both domestic and foreign-owned enterprises. In addition, demand for nonmetal machine tools is projected to grow at a respectable rate, driven by growth in wood, stone, glass and other nonmetal durable goods production.
- INTRODUCTION
- I. EXECUTIVE SUMMARY
- II. MARKET ENVIRONMENT
- General
- Economic Overview
- Recent Economic Performance
- Economic Outlook
- Demographic Overview
- Currency Exchange Rates
- Manufacturing Overview
- Fixed Capital Investment Outlook
- Pricing Patterns
- Technology
- Legal & Regulatory Environment
- The Eleventh Five Year Plan
- International Environment
- Foreign Trade
- III. PRODUCTS
- Supply & Demand
- Metal Cutting Machine Tools
- Lathes, Milling & Related
- CNC
- Non-CNC
- Machining Centers & Related
- Vertical
- Horizontal
- Plano
- Other
- Grinding & Polishing Machines
- CNC
- Non-CNC
- Laser, EDM & Related
- EDM
- Laser
- Other
- Other Metal Cutting Machines
- CNC
- Non-CNC
- Metal Forming Machine Tools
- Forging Machines
- CNC
- Non-CNC
- Bending & Shearing Machines
- CNC
- Non-CNC
- Other Metal Forming Machines
- Foundry Machines
- Thread Rolling Machines
- Other
- Nonmetal Machine Tools
- Wood & Related
- Other
- Machine Tool Accessories
- Measuring & Cutting Tools
- Electrical Equipment
- Tool Holders & Headings
- Other
- IV. MARKETS
- General
- Industrial Machinery
- Industrial Machinery Fixed Capital Formation Outlook
- Machine Tool Market
- Transportation Equipment
- Transportation Equipment Fixed Capital Formation
- Outlook
- Machine Tool Market
- Primary & Fabricated Metal
- Primary & Fabricated Metal Fixed Capital Formation
- Outlook
- Machine Tool Market
- Electrical & Electronic
- Electrical & Electronic Industry Fixed Capital Formation
- Outlook
- Machine Tool Market
- Other Markets
- V. REGIONAL TRENDS
- General
- Regional Demographic & Economic Trends
- Population Patterns
- Economic Outlook
- Regional Manufacturing Value Added Outlook
- Regional Fixed Capital Formation Outlook
- Regional Machine Tool Demand
- Central-North
- Overview
- Machine Tool Demand
- Northeast
- Overview
- Machine Tool Demand
- Central-East
- Overview
- Machine Tool Demand
- Central-South
- Overview
- Machine Tool Demand
- Southwest
- Overview
- Machine Tool Demand
- Northwest
- Overview
- Machine Tool Demand
- VI. INDUSTRY STRUCTURE
- General
- Industry Composition
- Market Share
- Product Development & Manufacturing
- Marketing & Distribution
- Financial Issues & Requirements
- Merger & Acquisition
- Cooperative Agreements
- Foreign Participation in the Chinese Market
- Legal & Regulatory Issues
- Joint Ventures
- Wholly Owned Foreign Enterprises
- Representative Offices
- Company Profiles
- Amada Company Limited
- AMADA Shanghai Punch & Shear, see Shanghai Punching & Shearing Machine Works
- Beijing No. 1 Machine Tool Plant
- Bochi Machine Tool Group Company Limited
- Chongqing Machine Tool Group Company Limited
- Dalian Machine Tool Group Corporation
- DECKEL MAHO GILDEMEISTER Shanghai Machine Tools, see Gildemeister
- Doosan Infracore Company Limited
- FANUC Limited
- Gildemeister AG
- Guangzhou Machine Tool Company Limited
- Guilin Machine Tool Company Limited
- Hangzhou Machine Tool Group Company Limited
- Hanland Machine Tool Group Company Limited
- Hardinge Incorporated
- Jiangsu Yangli Group
- Jiangsu Xuzhou Metalforming Machine Group Company Limited
- Jiangsu Yawei Machine Tool Company Limited
- Jier Machine-Tool Group Company Limited
- Jinan First Machine Tool Company Limited
- Makino Milling Machine Company Limited
- Okuma Corporation
- OKUMA-BYJC Beijing Machine Tool, see Beijing No. 1 Machine Tool Plant
- Qier Machine Tool Group Company Limited
- Qinchuan Machine Tool Group Company Limited
- Qinghai Huading Industrial Company Limited
- Sandvik AB
- Shandong Lunan Machine Tool Company Limited
- Shanghai Electric Group Company Limited
- Shanghai Punching & Shearing Machine Works
- Shenyang Machine Tool Group Company Limited
- Suzhou Sanguang Science & Technology Company Limited
- Tiangong International Company Limited
- Tianjin No. 1 Machine Tool Works
- Tianshui Spark Machine Tool Company Limited
- Tonmac International, see TONTEC Technology Investment Group
- TONTEC Technology Investment Group Company Limited
- TRUMPF Group
- Wuhan Heavy Duty Machine Tool Group Company Limited
- Yamazaki Mazak Corporation
- Zhejiang Kaida Machine Tool Group Limited
- Other Companies Mentioned in the Study
- LIST OF TABLES
- SECTION I -- EXECUTIVE SUMMARY
- Summary Table
- SECTION II -- MARKET ENVIRONMENT
- 1 Gross Domestic Product of China
- 2 Population of China
- 3 Chinese Currency Exchange Rates, 1997-2007
- 4 Manufacturing Value Added
- 5 Gross Fixed Capital Formation in China
- 6 Selected Machine Tool Pricing Patterns in China
- 7 Chinese Foreign Trade in Machine Tools
- SECTION III -- PRODUCTS
- 1 Machine Tool Supply & Demand in China
- 2 Metal Cutting Machine Tool Supply & Demand in China
- 3 Lathe, Milling & Related Metal Cutting Machine Tool Supply & Demand in China
- 4 Machining Centers & Related Metal Cutting Machine Tool Supply & Demand in China
- 5 Grinding & Polishing Metal Cutting Machine Tool Supply & Demand in China
- 6 Laser, EDM & Related Metal Cutting Machine Tool Supply & Demand in China
- 7 Other Metal Cutting Machine Tool Supply & Demand in China
- 8 Metal Forming Machine Tool Supply & Demand in China
- 9 Forging Metal Forming Machine Tool Supply & Demand in China
- 10 Bending & Shearing Metal Forming Machine Tool Supply & Demand in China
- 11 Other Metal Forming Machine Tool Supply & Demand in China
- 12 Nonmetal Machine Tool Supply & Demand in China
- 13 Machine Tool Accessory Supply & Demand in China
- SECTION IV -- MARKETS
- 1 Machine Tool Demand in China by Market
- 2 Industrial Machinery Fixed Capital Formation in China
- 3 Industrial Machinery Machine Tool Demand in China
- 4 Transportation Equipment Fixed Capital Formation in China
- 5 Transportation Equipment Machine Tool Demand in China
- 6 Primary & Fabricated Metal Fixed Capital Formation in China
- 7 Primary & Fabricated Metal Machine Tool Demand in China
- 8 Electrical & Electronic Product Fixed Capital Formation in China
- 9 Electrical & Electronic Product Machine Tool Demand in China
- 10 Other Markets Machine Tool Demand in China
- SECTION V -- REGIONAL TRENDS
- 1 Population of China by Region
- 2 Gross Domestic Product of China by Region
- 3 Manufacturing Value Added in China by Region
- 4 Gross Fixed Capital Formation in China by Region
- 5 Machine Tool Demand in China by Region
- 6 Central-North Region of China: Machine Tool Demand
- 7 Northeast Region of China: Machine Tool Demand
- 8 Central-East Region of China: Machine Tool Demand
- 9 Central-South Region of China: Machine Tool Demand
- 10 Southwest Region of China: Machine Tool Demand
- 11 Northwest Region of China: Machine Tool Demand
- SECTION VI -- INDUSTRY STRUCTURE
- 1 Revenue Data: Selected Machine Tool Companies, 2007
- 2 Selected Acquisitions & Divestitures
- 3 Selected Cooperative Agreements
- LIST OF CHARTS
- SECTION II -- MARKET ENVIRONMENT
- 1 Population of China by Age, 1997-2017
- 2 Chinese Currency Exchange Rates, 1997-2007
- SECTION III -- PRODUCTS
- 1 Machine Tool Demand in China by Product, 2007
- SECTION IV -- MARKETS
- 1 Machine Tool Demand in China by Market, 2007
- SECTION V -- REGIONAL TRENDS
- 1 Machine Tool Demand in China by Region, 2007
- 2 Central-North Region of China
- 3 Northeast Region of China
- 4 Central-East Region of China
- 5 Central-South Region of China
- 6 Southwest Region of China
- 7 Northwest Region of China
- SECTION VI -- INDUSTRY STRUCTURE
- 1 Machine Tool Market Share in China by Company, 2007
More DetailsIndustrial machinery market to remain dominantManufacturing of industrial machinery in China is expected to remain the largest source for machine tool demand due to the wide range of applications and signifi- cant machine tool requirements in many of these industries. The fastest growth by far is expected in the electrical and electronic segment, which in many cases requires high-precision, high-end tools to meet the stringent tolerances involved in electronic product manufacturing. Transportation will maintain the second largest machine tool market for the foreseeable future, supported by continuing foreign investment in the Chinese automotive industry, and fast growth in automotive parts production.
Imports to maintain a sizeable share of demandChina’s imports of machine tools are expected to rise 12.2 percent annually, and account for almost 30 percent of total product demand in 2012. Import gains will be supported by domestic industrial manufacturers’ demand for CNC machine tools as well as continuous foreign invested manufacturers’ demand for imported machine tools. Despite recent advances in machine tool manufacturing technologies, technical standards of machine tools made by domestic manufacturers remain behind requirements in more sophisticated high-end product categories, which will continue to support import growth for the foreseeable future. On the other hand, exports are projected to climb at a faster pace, driven by improved production standards, especially in CNC machine tools and by increasing machine tool demand in other developing countries such as India and some southeast Asian countries.
Study coverageThese and other findings are detailed in a new Freedonia industry study, Machine Tools in China, available for $5100. It presents historical demand data (1997, 2002 and 2007) plus forecasts for 2012 and 2017 by product, market, and region of China. In addition, the study assesses market environment factors, evaluates company market shares and profiles 30 leading competitors.
