Machine Tools in China

Machine tools demand in China will be spurred by strong growth in the industrial machinery and transportation equipment industries, as well as in the electrical and electronics market.

Demand to increase 9.2% per annum through 2017

Demand for machine tools in China is projected to increase 9.2 percent per year to 600 billion yuan in 2017. Gains will be stimulated by healthy growth in manufacturing production, especially in the industrial machinery and transportation equipment industries. In addition, a continuing shift in the product mix toward higher-value product types such as machining centers, CNC machine tools, and multitasking machine tools will help drive market gains in value terms. Moreover, increasing regulations regarding energy conservation will lead to growth in demand for energy-efficient machine tools.

Shipments to slightly outpace demand

Machine tool shipments in China are projected to slightly outpace demand through 2017, benefiting from sizable expansions in the domestic market plus rising demand for Chinese machine tools in a number of export markets as the quality of Chinese machine tools continues to improve. Exports of machine tools will rise at a strong annual rate through 2017, driven by improved product quality, especially in small CNC machine tools, while prices remain competitive.

China will continue to see its trade deficit in machine tools expand for the foreseeable future. As imports increase through 2017, foreign suppliers will continue to benefit from growing demand for the precise and sophisticated machine tools needed to manufacture advanced machines.

Metal cutting machine tools to remain largest segment

Metal cutting machine tools will continue to be the largest product segment in 2017, benefiting from a relatively wider range of applications in durable goods production and a comparatively greater variety of metal cutting product types. Growing demand for highly advanced and comprehensive metal cutting machines -- especially for machining centers and multitasking machines -- will also further boost product sales. Growth in demand for metal forming equipment is forecast to slightly outpace that of metal cutting machine tools through 2017, benefiting from strong growth anticipated in the motor vehicle, shipbuilding, aerospace, and power transmission and distribution industries.

Advances in key markets to track average industry pace

The industrial machinery and transportation equipment markets have the largest impact on overall machine tool sales, as they accounted for well over half of all demand in 2012. Gains in these two markets are forecast to be near the market average through 2017. Sustained plans to expand durable goods pro-duction, facility renovations, and new product innovation in all markets will continue to stimulate growth. Machine tool demand in the electrical and electronics market is also expected to expand near the average rate through 2017, benefiting from strong increases in fixed investment in the home appliance and power generating equipment industries.

Study Scope

This study analyzes the ¥386 billion machine tool industry in China. It presents historical demand data for 2002, 2007 and 2012, and forecasts for 2017 and 2022 by product (e.g., lathes, milling machines, machining centers, grinding machines, multitasking machines, laser machines, EDM, presses and forging machines, bending machines, shearing and punching machines, machine tool accessories), market (e.g., industrial machinery, transportation equipment, electrical and electronics, primary and fabricated metals) and geographic region.

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 38 industry participants, including Shenyang Machine Tool Group, Dalian Machine Tool Group and Beijing Jingcheng Machinery Electric.

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  1. Machine Tools in China

    $5,300.00

    1. 1 INTRODUCTION

      $244.00

    2. 2 EXECUTIVE SUMMARY

      $178.00

      1. Table | MACHINE TOOL SUPPLY & DEMAND IN CHINA (billion yuan)

    3. 3 MARKET ENVIRONMENT

      $2,148.00

      1. 3.1 General

        $82.00

      2. 3.2 Economic Overview

        $374.00

        1. 3.2.1 Recent Economic Performance

          $126.00

        2. 3.2.2 Economic Outlook

          $206.00

          1. Table | GROSS DOMESTIC PRODUCT OF CHINA

      3. 3.3 Demographic Overview

        $144.00

        1. Table | POPULATION OF CHINA (million persons)

        2. Table | POPULATION OF CHINA BY AGE, 2002-2022 (million persons)

      4. 3.4 Currency Exchange Rates

        $145.00

        1. Table | CHINESE CURRENCY EXCHANGE RATES, 2002-2012 (Chinese yuan per foreign currency)

        2. Table | CHINESE CURRENCY EXCHANGE RATES, 2002-2012 (Chinese yuan per Foreign Currency)

      5. 3.5 Manufacturing Overview

        $164.00

        1. Table | MANUFACTURING VALUE ADDED IN CHINA (billion yuan)

      6. 3.6 Gross Fixed Capital Formation Outlook

        $157.00

        1. Table | GROSS FIXED CAPITAL FORMATION IN CHINA (billion yuan)

      7. 3.7 Pricing Patterns

        $132.00

        1. Table | SELECTED MACHINE TOOL PRICING PATTERNS IN CHINA (000 yuan per unit)

      8. 3.8 Technology

        $225.00

        1. 3.8.1 NC & CNC Machine Tools

          $82.00

        2. 3.8.2 Laser, EDM, &Other Advanced Systems

          $82.00

      9. 3.9 Legal & Regulatory Environment

        $249.00

      10. 3.10 The Twelfth Five-Year Plan

        $189.00

        1. 3.10.1 Five-Year Plan Overview

          $82.00

        2. 3.10.2 Twelfth Five-Year Plan's Provisions

          $121.00

      11. 3.11 International Environment

        $141.00

      12. 3.12 Foreign Trade

        $153.00

        1. Table | CHINESE FOREIGN TRADE IN MACHINE TOOLS (billion yuan)

    4. 4 PRODUCTS

      $3,257.00

      1. 4.1 Supply & Demand

        $158.00

        1. Table | MACHINE TOOL SUPPLY & DEMAND IN CHINA (million yuan)

        2. Table | MACHINE TOOL DEMAND IN CHINA BY PRODUCT, 2012 (¥386 billion)

      2. 4.2 Metal Cutting Machine Tools

        $2,118.00

        1. Table | METAL CUTTING MACHINE TOOL SUPPLY & DEMAND IN CHINA (million yuan)

        2. 4.2.1 Lathes, Milling, &Related Machines

          $595.00

          1. Table | LATHE, MILLING, &RELATED MACHINE SUPPLY & DEMAND IN CHINA (million yuan)

          2. Table | LATHE SUPPLY & DEMAND IN CHINA (million yuan)

          3. Table | MILLING MACHINE SUPPLY & DEMAND IN CHINA (million yuan)

          4. Table | BORING MACHINE SUPPLY & DEMAND IN CHINA (million yuan)

          5. Table | DRILLING MACHINE SUPPLY & DEMAND IN CHINA (million yuan)

        3. 4.2.2 Machining Centers & Related Machines

          $330.00

          1. Table | MACHINING CENTER & RELATED MACHINE SUPPLY & DEMAND IN CHINA (million yuan)

        4. 4.2.3 Grinding & Related Machines

          $349.00

          1. Table | GRINDING & RELATED MACHINE SUPPLY & DEMAND IN CHINA (million yuan)

          2. Table | GRINDING MACHINE SUPPLY & DEMAND IN CHINA (million yuan)

          3. Table | SHARPENING MACHINE SUPPLY & DEMAND IN CHINA (million yuan)

          4. Table | POLISHING MACHINE SUPPLY & DEMAND IN CHINA (million yuan)

        5. 4.2.4 Multitasking Machines

          $95.00

          1. Table | MULTITASKING MACHINE SUPPLY & DEMAND IN CHINA (million yuan)

        6. 4.2.5 Laser, EDM, &Related Machines

          $343.00

          1. Table | LASER, EDM, &RELATED MACHINE SUPPLY & DEMAND IN CHINA (million yuan)

        7. 4.2.6 Other Metal Cutting Machines

          $245.00

          1. Table | OTHER METAL CUTTING MACHINE SUPPLY & DEMAND IN CHINA (million yuan)

          2. Table | GEAR CUTTING MACHINE SUPPLY & DEMAND IN CHINA (million yuan)

          3. Table | SHAPING & RELATED MACHINE SUPPLY & DEMAND IN CHINA (million yuan)

          4. Table | ALL OTHER METAL CUTTING MACHINE SUPPLY & DEMAND IN CHINA (million yuan)

      3. 4.3 Metal Forming Machine Tools

        $769.00

        1. Table | METAL FORMING MACHINE TOOL SUPPLY & DEMAND IN CHINA (million yuan)

        2. 4.3.1 Presses & Other Forging Machines

          $242.00

          1. Table | PRESSES & OTHER FORGING MACHINE SUPPLY & DEMAND IN CHINA (million yuan)

        3. 4.3.2 Bending, Shearing, &Punching Machines

          $295.00

          1. Table | BENDING, SHEARING, &PUNCHING MACHINE SUPPLY & DEMAND IN CHINA (million yuan)

          2. Table | BENDING MACHINE SUPPLY & DEMAND IN CHINA (million yuan)

          3. Table | SHEARING & PUNCHING MACHINE SUPPLY & DEMAND IN CHINA (million yuan)

        4. 4.3.3 Other Metal Forming Machine Tools

          $111.00

          1. Table | OTHER METAL FORMING MACHINE SUPPLY & DEMAND IN CHINA (million yuan)

      4. 4.4 Machine Tool Accessories

        $212.00

        1. Table | MACHINE TOOL ACCESSORY SUPPLY & DEMAND IN CHINA (million yuan)

        2. 4.4.1 Cutting Tools

          $82.00

        3. 4.4.2 Tool Holders & Headings

          $82.00

        4. 4.4.3 Measuring Tools

          $82.00

    5. 5 MARKETS

      $1,473.00

      1. 5.1 General

        $121.00

        1. Table | MACHINE TOOL DEMAND IN CHINA BY MARKET (million yuan)

        2. Table | MACHINE TOOL DEMAND IN CHINA BY MARKET, 2012 (¥386 billion)

      2. 5.2 Industrial Machinery

        $317.00

        1. 5.2.1 Industrial Machinery Gross Fixed Capital Formation Outlook

          $137.00

          1. Table | INDUSTRIAL MACHINERY GROSS FIXED CAPITAL FORMATION IN CHINA (billion yuan)

        2. 5.2.2 Machine Tool Market

          $118.00

          1. Table | INDUSTRIAL MACHINERY MARKET FOR MACHINE TOOLS IN CHINA (million yuan)

      3. 5.3 Transportation Equipment

        $410.00

        1. 5.3.1 Transportation Equipment Gross Fixed Capital Formation Outlook

          $154.00

          1. Table | TRANSPORTATION EQUIPMENT GROSS FIXED CAPITAL FORMATION IN CHINA (billion yuan)

        2. 5.3.2 Machine Tool Market

          $199.00

          1. Table | TRANSPORTATION EQUIPMENT MARKET FOR MACHINE TOOLS IN CHINA (million yuan)

      4. 5.4 Electrical & Electronics

        $284.00

        1. 5.4.1 Electrical & Electronic Equipment Gross Fixed Capital Formation Outlook

          $100.00

          1. Table | ELECTRICAL & ELECTRONIC PRODUCT GROSS FIXED CAPITAL FORMATION IN CHINA (billion yuan)

        2. 5.4.2 Machine Tool Market

          $131.00

          1. Table | ELECTRICAL & ELECTRONIC PRODUCT MARKET FOR MACHINE TOOLS IN CHINA (million yuan)

      5. 5.5 Primary & Fabricated Metals

        $261.00

        1. 5.5.1 Primary & Fabricated Metals Gross Fixed Capital Formation Outlook

          $110.00

          1. Table | PRIMARY & FABRICATED METALS GROSS FIXED CAPITAL FORMATION IN CHINA (billion yuan)

        2. 5.5.2 Machine Tool Market

          $96.00

          1. Table | PRIMARY & FABRICATED METALS MARKET FOR MACHINE TOOLS IN CHINA (million yuan)

      6. 5.6 Other Markets

        $82.00

        1. Table | OTHER MARKETS FOR MACHINE TOOLS IN CHINA (million yuan)

    6. 6 REGIONAL TRENDS

      $2,145.00

      1. 6.1 General

        $168.00

      2. 6.2 Regional Demographic & Economic Trends

        $220.00

        1. 6.2.1 Population Patterns

          $90.00

          1. Table | POPULATION OF CHINA BY REGION (million persons)

        2. 6.2.2 Economic Outlook

          $82.00

          1. Table | GROSS DOMESTIC PRODUCT OF CHINA BY REGION (billion yuan)

      3. 6.3 Regional Manufacturing Value Added Outlook

        $82.00

        1. Table | MANUFACTURING VALUE ADDED IN CHINA BY REGION (billion yuan)

      4. 6.4 Regional Manufacturing Gross Fixed Capital Formation Outlook

        $101.00

        1. Table | MANUFACTURING GROSS FIXED CAPITAL FORMATION IN CHINA BY REGION (billion yuan)

      5. 6.5 Regional Machine Tool Demand

        $1,574.00

        1. Table | MACHINE TOOL DEMAND IN CHINA BY REGION (million yuan)

        2. Table | MACHINE TOOL DEMAND IN CHINA BY REGION, 2012 (¥386 billion)

        3. 6.5.1 Central-North

          $274.00

          1. Table | CENTRAL-NORTH REGION OF CHINA

          2. Table | CENTRAL-NORTH REGION OF CHINA: MACHINE TOOL DEMAND (million yuan)

        4. 6.5.2 Northeast

          $271.00

          1. Table | NORTHEAST REGION OF CHINA

          2. Table | NORTHEAST REGION OF CHINA: MACHINE TOOL DEMAND (million yuan)

        5. 6.5.3 Central-East

          $252.00

          1. Table | CENTRAL-EAST REGION OF CHINA

          2. Table | CENTRAL-EAST REGION OF CHINA: MACHINE TOOL DEMAND (million yuan)

        6. 6.5.4 Central-South

          $226.00

          1. Table | CENTRAL-SOUTH REGION OF CHINA

          2. Table | CENTRAL-SOUTH REGION OF CHINA: MACHINE TOOL DEMAND (million yuan)

        7. 6.5.5 Southwest

          $217.00

          1. Table | SOUTHWEST REGION OF CHINA

          2. Table | SOUTHWEST REGION OF CHINA: MACHINE TOOL DEMAND (million yuan)

        8. 6.5.6 Northwest

          $181.00

          1. Table | NORTHWEST REGION OF CHINA

          2. Table | NORTHWEST REGION OF CHINA: MACHINE TOOL DEMAND (million yuan)

    7. 7 INDUSTRY STRUCTURE

      $5,333.00

      1. 7.1 General

        $82.00

      2. 7.2 Industry Composition

        $150.00

        1. Table | SELECTED MACHINE TOOL SALES IN CHINA BY COMPANY, 2012 (million yuan)

      3. 7.3 Market Share

        $190.00

        1. Table | MACHINE TOOL MARKET SHARE IN CHINA BY COMPANY, 2012 (¥386 billion)

      4. 7.4 Product Development & Manufacturing

        $83.00

      5. 7.5 Marketing & Distribution

        $161.00

      6. 7.6 Financial Issues & Requirements

        $128.00

      7. 7.7 Mergers & Acquisitions

        $84.00

      8. 7.8 Foreign Participation in the Chinese Market

        $229.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      9. 7.9 Company Profiles

        $4,237.00

        1. 7.9.1 Amada Company Limited

          $192.00

        2. 7.9.2 Beijing Jingcheng Machinery Electric Holding Company Limited

          $157.00

        3. 7.9.3 China General Technology Group Holding Company Limited

          $128.00

        4. 7.9.4 Chongqing Machinery & Electric Company Limited

          $88.00

        5. 7.9.5 Dalian Machine Tool Group Corporation

          $180.00

        6. 7.9.6 DMG MORI SEIKI AG

          $134.00

        7. 7.9.7 DMG MORI SEIKI Company Limited

          $221.00

        8. 7.9.8 Guangzhou Machine Tool Works Company Limited

          $82.00

        9. 7.9.9 Guilin Machine Tool Company Limited

          $82.00

        10. 7.9.10 Hangzhou Machine Tool Group Company Limited

          $104.00

        11. 7.9.11 Hanland Machine Tool Group Company Limited

          $117.00

        12. 7.9.12 Jack Holding Group Company Limited

          $82.00

        13. 7.9.13 Jiangsu Shinri Heavy Industrial Science & Technology Company Limited

          $96.00

        14. 7.9.14 Jiangsu Xuzhou Metalforming Machine Group Company Limited

          $82.00

        15. 7.9.15 Jiangsu Yangli Group Company Limited

          $91.00

        16. 7.9.16 Jiangsu Yawei Machine Tool Company Limited

          $114.00

        17. 7.9.17 Jier Machine-Tool Group Company Limited

          $93.00

        18. 7.9.18 Jinan First Machine Tool Company Limited

          $82.00

        19. 7.9.19 JTEKT Corporation

          $125.00

        20. 7.9.20 Komatsu Limited

          $158.00

        21. 7.9.21 MAG Europe GmbH

          $173.00

        22. 7.9.22 Okuma Corporation

          $132.00

        23. 7.9.23 Qinghai Huading Industrial Company Limited

          $83.00

        24. 7.9.24 Shaanxi Qinchuan Machine Tool & Tool Group Company Limited

          $253.00

        25. 7.9.25 Shandong Lunan Machine Tool Company Limited

          $82.00

        26. 7.9.26 Shanghai Electric Group Company Limited

          $86.00

        27. 7.9.27 Shenyang Machine Tool Group Company Limited

          $296.00

        28. 7.9.28 Sichuan Changzheng Machine Tool Group Company Limited

          $82.00

        29. 7.9.29 Suzhou Sanguang Science & Technology Company Limited

          $82.00

        30. 7.9.30 Tiangong International Company Limited

          $82.00

        31. 7.9.31 Tianjin BENEFO Machinery & Electric Holding Group Limited

          $131.00

        32. 7.9.32 Tianshui Spark Machine Tool Company Limited

          $82.00

        33. 7.9.33 TONTEC Technology Investment Group Company Limited

          $82.00

        34. 7.9.34 TRUMPF Group

          $128.00

        35. 7.9.35 Weihai Huadong Automation Company Limited

          $82.00

        36. 7.9.36 Wuhan Heavy Duty Machine Tool Group Company Limited

          $82.00

        37. 7.9.37 Yamazaki Mazak Corporation

          $139.00

        38. 7.9.38 Zhejiang Kaida Machine Tool Group Limited

          $82.00

      10. 7.10 Other Companies Mentioned in Study

        $82.00

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