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Machine Tools in China
Industry forecasts for 2014 & 2019

  • Publication Date:August 2011
  • Publisher:Freedonia Group
  • Product Type: Report
  • Pages:246

Machine Tools in China Industry forecasts for 2014 & 2019

Economic plans such as the Strategic Emerging Industries (SEIs), which targets "indigenous innovation" for beneficial government treatment, will be especially salient to the machine tool industry

Demand in China to grow 14.2% yearly through 2014

Demand for machine tools in China is projected to grow 14.2 percent annually to ¥389 billion in 2014. This strong growth will bolster China's current position as the world's leading consumer and producer of machine tools. Both supply and demand will benefit from a number of government policies set forth in the Twelfth Five-Year Plan. Economic goals in the Plan that are especially salient to the machine tool industry are the development of Strategic Emerging Industries (SEIs), which will receive beneficial government treatment and the push for "Indigenous Innovation."

Advanced machine tools to be subsidized

High-end equipment manufacturing is designated as one of the SEIs and will be extensively promoted by the Chinese government. Advanced machine tool manufacturing is an important segment of high-end equipment manufacturing, and as such, the industry will benefit from subsidies offered by both the central and local governments for research and development. Sales of high-end machine tools will also benefit from favorable tariff policies that will promote the sales of domestic products.

China plans to be an innovation-oriented society by 2020 and a variety of megaprojects have been introduced to achieve the goal, including the development of computerized numerical controlled (CNC) machine tools that will focus on serving key industries, such as aviation equipment, ship building, motor vehicles and generating equipment.

Research and innovation in the advanced machine tool industry will be supported by government initiatives so that domestic producers can become more competitive in terms of technology, thus increasing their share of the domestic market.

The major markets for machine tools in China are industrial machinery and equipment, transportation equipment, primary and fabricated metals, and electrical and electronic equipment.

Industrial machinery is the largest market for machine tools due to the extensive use of various machine tools in numerous segments of the industry.

Transportation equipment manufacturing, the second largest market, has been supported by the explosive development of the automobile industry in China over the past decade.

Machine tool accessories to be fastest growing segment

Metal cutting machine tools form the largest product segment, which is about three times larger than the metal forming segment. Demand for machine tool accessories is projected to increase at an annual rate of 16.1 percent to 2014, faster than both metal cutting and metal forming machine tools

INTRODUCTION

The Freedonia Group Incorporated is a leading international industry study/database company. Founded in 1985, Freedonia publishes more than 125 studies each year, covering such areas as building materials, chemicals, health care, packaging, pharmaceuticals, plastics, security and many other industries.

Studies cover entire industry sectors as well as key niche markets. Each study includes such valuable intelligence as growth markets and products, market share, product analyses and forecasts, market analyses and forecasts, and company profiles. Studies specific to China also place the industry into its international context.

This study analyzes machine tool supply and demand in China. The following types of products are covered: metal cutting (such as lathes, machining centers, grinding machines, electrical discharge machines and other), metal forming (pressing and forging machines, bending and shearing machines, and other) and machine tool accessories (measuring tools, cutting tools, and tool holders and headings). The major markets for machine tools are industrial machinery and equipment, transportation equipment, primary and fabricated metals, electrical and electronic products, and other applications.

Excluded from the scope of the study are tools designed for wood processing or home use, as well as industrial pattern, welding apparatus and other types of metalworking machinery. Also excluded are hand-held, manual and portable power tools. The Special Administrative Regions of Hong Kong and Macau are excluded from the scope of this study. Both Hong Kong and Macau remain, to a great extent, economically independent from the rest of the country, even though they returned to the People's Republic of China in the late 1990s. Taiwan, which is economically independent from the rest of China and not under the administration of the central government, is also excluded from the scope of this study.

Historical data (1999, 2004 and 2009) and forecasts for 2014 and 2019 are provided in current yuan for machine tool demand, shipments and net exports, as well as for all major machine tool markets. Historical data and forecasts for demand by detailed product classifications and regional market are also in current yuan. The term ""demand"" -- used interchangeably with ""market,"" ""sales"" and ""consumption"" -- is defined as all shipments from Chinese plants, plus imports, minus exports. The renminbi (or RMB) is the official currency of the People's Republic of China, and the base unit of the renminbi is the yuan. The term ""yuan"" is used throughout this report when referring to currency amounts.

In addition, major machine tool manufacturers active in China are identified and profiled, and the key competitive variables are discussed. The entire report is framed within the Chinese machine tool industry's economic and market environments, and variables affecting machine tool supply and demand in the country (such as government plans and regulations, inflation and interest rates, manufacturing production, gross fixed capital formation, population trends and overall economic performance) are emphasized. Machine tool market share data by enterprise presented in the ""Industry Structure"" section is estimated based on consultations with multiple sources. Tabular details may not always add to totals due to rounding.

Economic and demographic indicators presented in this study were obtained from The Freedonia Group Consensus Forecasts dated June 2010. A wide variety of primary and secondary sources were used in the compilation of this report. These include the China Industrial Machinery Association, the China Machine Tool & Tool Builders' Association, the China Machinery Industry Federation, and the Chinese Mechanical Engineering Society. Also used were data from Chinese government statistical agencies (principally China's National Bureau of Statistics), as well as other governmental bodies such as the Ministry of Commerce and the Ministry of Industry and Information Technology.

In addition, data and background information were obtained from various news and trade publications, including China Automotive News, China Daily, China Industry News, Machine Tool Electric Apparatus and Manufacturing Technology & Machine Tool. Corporate annual reports, product literature and unpublished data obtained through personal contacts were also used in framing the industry and market environments and as input for market size assessments.

Statistics from various sources were carefully examined during the preparation of this study, and contradictions and discrepancies among data sources were noted. The accuracy and reliability of figures from each source were evaluated, and adjustments were made where deemed necessary. This was done in order to arrive at a consistent set of machine tool industry statistics, which are based on the best available information at the time of publication. As a result, the data presented here may differ, sometimes substantially, from figures issued by official governmental sources.

  • Introduction
  • I. Executive Summary
  • II. Market Environment
    • General
    • Economic Overview
    • Recent Economic Performance
    • Economic Outlook
    • Demographic Overview
    • Currency Exchange Rates
    • Manufacturing Overview
    • Gross Fixed Capital Formation Outlook
    • Pricing Patterns
    • Technology
    • Legal & Regulatory Environment
    • The Twelfth Five-Year Plan
    • Five-Year Plan Overview
    • Twelfth Five-Year Plan's Provisions
    • International Environment
    • Foreign Trade
  • III. Products
    • Supply & Demand
    • Metal Cutting Machine Tools
    • Lathes, Milling & Related Machines
    • Lathes
    • Milling Machines
    • Drilling Machines
    • Boring Machines
    • Machining Centers & Related Machines
    • Vertical
    • Horizontal
    • Plano
    • Other
    • Grinding & Related Machines
    • Grinding Machines
    • Sharpening Machines
    • Polishing Machines
    • Edm, Laser & Related Machines
    • Edm
    • Laser Machines
    • Other Special Processing Machines
    • Gear Cutting, Shaping & Other Metal Cutting Machines
    • Gear Cutting Machines
    • Shaping & Related Machines
    • Other Metal Cutting Machines
    • Metal Forming Machine Tools
    • Presses & Other Forging Machines
    • Mechanical Presses
    • Hydraulic Presses
    • Other Forging Machines
    • Bending, Shearing & Punching Machines
    • Bending Machines
    • Shearing & Punching Machines
    • Other Metal Forming Machines
    • Wire Forming Machines
    • All Other Metal Forming Machines
    • Machine Tool Accessories
    • Measuring Tools
    • Cutting Tools
    • Tool Holders & Headings
  • IV. Markets
    • General
    • Industrial Machinery
    • Industrial Machinery Capital Formation Outlook
    • Machine Tool Market
    • Transportation Equipment
    • Transportation Equipment Fixed Capital Formation
    • Outlook
    • Machine Tool Market
    • Primary & Fabricated Metal
    • Metal Fixed Capital Formation Outlook
    • Machine Tool Market
    • Electrical & Electronic
    • Electrical & Electronic Equipment 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
    • Mergers & Acquisitions
    • Foreign Participation in The Chinese Market
    • Legal & Regulatory Issues
    • Joint Ventures
    • Wholly Owned Foreign Enterprises
    • Representative Offices
    • Company Profiles
    • Amada Company Limited
    • Baoji Machine Tool Group, See Qinchuan Machine Tool
    • Group
    • Beijing No. 1 Machine Tool Plant
    • Byjc-Okuma Beijing Machine Tool, See Beijing No
    • Machine Tool Plant and Okuma
    • China General Technology Group Holding Company
    • Limited
    • Chongqing Machinery & Electric Company Limited
    • Dalian Machine Tool Group Corporation
    • Gildemeister Ag
    • Guangzhou Machine Tool Works Company Limited
    • Guilin Machine Tool Company Limited
    • Hangzhou Machine Tool Group Company Limited
    • Hanland Machine Tool Group Company Limited
    • Harbin Measuring and Cutting Tool Group, See China
    • General Technology Group Holding
    • Index-Werke Gmbh & Company Kg Hahn & Tessky
    • Jack Holding Group Company Limited
    • Jiangsu Shinri Machine Tool Group Company Limited
    • Jiangsu Xuzhou Metalforming Machine Group Company Limited
    • Jiangsu Yangli Group
    • Jiangsu Yawei Machine Tool Company Limited
    • Jier Machine-Tool Group Company Limited
    • Mag Ias Holdings Incorporated
    • Mori Seiki Company Limited
    • Ningxia Little Giant Machine Tool, See Yamazaki Mazak
    • Okuma Corporation
    • Qier Machine Tool Group, See China General Technology
    • Group Holding
    • Qinchuan Machine Tool Group Company Limited
    • Qinghai Huading Industrial Company Limited
    • Qiqihar Heavy Cnc Equipment, See Zhejiang Tianma
    • Bearing
    • Shandong Lunan Machine Tool Company Limited
    • Shanghai Electric Group Company Limited
    • Shenyang Machine Tool Group Company Limited
    • Sichuan Changzheng Machine Tool Company Limited
    • Suzhou Sanguang Science & Technology Company Limited
    • Tiangong International Company Limited
    • Tianjin No. 1 Machine Tool Works
    • Tianshui Spark Machine Tool Company Limited
    • Tontec Technology Investment Group Company Limited
    • Trumpf Group
    • Weihai Huadong Automation Company Limited
    • Wuhan Heavy Duty Machine Tool Group Company Limited
    • Yamazaki Mazak Corporation
    • Zhejiang Kaida Machine Tool Group Limited
    • Zhejiang Tianma Bearing Company 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, 1999-2009
    • 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 Machine Supply & Demand in China
    • 4 Lathe Supply & Demand in China
    • 5 Milling Machine Supply & Demand in China
    • 6 Drilling Machine Supply & Demand in China
    • 7 Boring Machine Supply & Demand in China
    • 8 Machining Center & Related Machine Supply & Demand in China
    • 9 Grinding & Related Machine Supply & Demand in China
    • 10 Grinding Machine Supply & Demand in China
    • 11 Sharpening Machine Supply & Demand in China
    • 12 Polishing Machine Supply & Demand in China
    • 13 Edm, Laser & Related Machine Supply & Demand in China
    • 14 Gear Cutting, Shaping & Other Machine Supply & Demand in China
    • 15 Gear Cutting Machine Supply & Demand in China
    • 16 Shaping & Related Machine Supply & Demand in China
    • 17 Other Metal Cutting Machine Supply & Demand in China
    • 18 Metal Forming Machine Tool Supply & Demand in China
    • 19 Presses & Other Forging Machine Supply & Demand in China
    • 20 Bending, Shearing & Punching Machine Supply & Demand in China
    • 21 Bending Machine Supply & Demand in China
    • 22 Shearing & Punching Machine Supply & Demand in China
    • 23 Other Metal Forming Machine Supply & Demand in China
    • 24 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 Metals Fixed Capital Formation in China
    • 7 Primary & Fabricated Metals 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, 2009
    • 2 Selected Acquisitions & Divestitures
    • 3 Selected Joint Ventures
  • List of Charts
  • Section Ii -- Market Environment
    • 1 Population of China by Age, 1999-2019
    • 2 Chinese Currency Exchange Rates, 1999-2009
  • Section Iii -- Products
    • 1 Machine Tool Demand in China by Product, 2009
  • Section Iv -- Markets
    • 1 Machine Tool Demand in China by Market, 2009
  • Section V -- Regional Trends
    • 1 Machine Tool Demand in China by Region, 2009
    • 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, 2009
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