Market Research Logo

Machine Tools in China

Machine Tools in China

Demand in China to grow 9.2% yearly through 2017
Demand for machine tools in China is forecast to increase 9.2 percent per year to ¥600 billion 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 advances in value terms. Moreover, increasing regulations regarding energy conservation will lead to growth in demand for energy-efficient machine tools.

Shipments to slightly outpace domestic demand
Machine tool shipments in China are projected to slightly outpace demand through 2017, benefiting from sizable expansions in the domestic market as well as 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 through 2017, driven by improved product quality, especially in small CNC machine tools, while prices remain competitive. Government policies to subsidize the research and development of high precision, high speed, and relatively more sophisticated machine tools will also support product sales.

China will continue to see its trade deficit in machine tools expand for the foreseeable future. As imports rise through 2017, foreign suppliers will continue to benefit from growing demand for the precise and sophisticated machine tools needed to manufacture advanced machines. In addition, decreases in tariffs on imported machine tools will also drive sales of imported products through 2017.

Metal forming machine tools to be fastest growing
Metal cutting machine tools will continue to be the largest product segment in 2017, benefiting from their relatively wider range of applications in durable goods production and a comparatively greater variety of metal cutting product types. In addition, growing demand for highlyadvanced and comprehensive metal cutting machines -- especially for machining centers and multitasking machines -- will 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.

Gains 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 production, 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. Machine tool demand in the primary and fabricated metal market will be spurred by continued expenditures in construction projects.


  • INTRODUCTION
  • EXECUTIVE SUMMARY
    • Table MACHINE TOOL SUPPLY & DEMAND IN CHINA (billion yuan)
  • MARKET ENVIRONMENT
    • General
    • Economic Overview
      • Recent Economic Performance
      • Economic Outlook
        • Table GROSS DOMESTIC PRODUCT OF CHINA
    • Demographic Overview
      • Table POPULATION OF CHINA (million persons)
      • Table POPULATION OF CHINA BY AGE, 2002-2022 (million persons)
    • Currency Exchange Rates
      • Table CHINESE CURRENCY EXCHANGE RATES, 2002-2012 (Chinese yuan per foreign currency)
      • Table CHINESE CURRENCY EXCHANGE RATES, 2002-2012 (Chinese yuan per Foreign Currency)
    • Manufacturing Overview
      • Table MANUFACTURING VALUE ADDED IN CHINA (billion yuan)
    • Gross Fixed Capital Formation Outlook
      • Table GROSS FIXED CAPITAL FORMATION IN CHINA (billion yuan)
    • Pricing Patterns
      • Table SELECTED MACHINE TOOL PRICING PATTERNS IN CHINA (000 yuan per unit)
    • Technology
      • NC & CNC Machine Tools
      • Laser, EDM, &Other Advanced Systems
    • Legal & Regulatory Environment
    • The Twelfth Five-Year Plan
      • Five-Year Plan Overview
      • Twelfth Five-Year Plan's Provisions
    • International Environment
    • Foreign Trade
      • Table CHINESE FOREIGN TRADE IN MACHINE TOOLS (billion yuan)
  • PRODUCTS
    • Supply & Demand
      • Table MACHINE TOOL SUPPLY & DEMAND IN CHINA (million yuan)
      • Table MACHINE TOOL DEMAND IN CHINA BY PRODUCT, 2012 (¥386 billion)
    • Metal Cutting Machine Tools
      • Table METAL CUTTING MACHINE TOOL SUPPLY & DEMAND IN CHINA (million yuan)
      • Lathes, Milling, &Related Machines
        • Table LATHE, MILLING, &RELATED MACHINE SUPPLY & DEMAND IN CHINA (million yuan)
        • Table LATHE SUPPLY & DEMAND IN CHINA (million yuan)
        • Table MILLING MACHINE SUPPLY & DEMAND IN CHINA (million yuan)
        • Table BORING MACHINE SUPPLY & DEMAND IN CHINA (million yuan)
        • Table DRILLING MACHINE SUPPLY & DEMAND IN CHINA (million yuan)
      • Machining Centers & Related Machines
        • Table MACHINING CENTER & RELATED MACHINE SUPPLY & DEMAND IN CHINA (million yuan)
      • Grinding & Related Machines
        • Table GRINDING & RELATED MACHINE SUPPLY & DEMAND IN CHINA (million yuan)
        • Table GRINDING MACHINE SUPPLY & DEMAND IN CHINA (million yuan)
        • Table SHARPENING MACHINE SUPPLY & DEMAND IN CHINA (million yuan)
        • Table POLISHING MACHINE SUPPLY & DEMAND IN CHINA (million yuan)
      • Multitasking Machines
        • Table MULTITASKING MACHINE SUPPLY & DEMAND IN CHINA (million yuan)
      • Laser, EDM, &Related Machines
        • Table LASER, EDM, &RELATED MACHINE SUPPLY & DEMAND IN CHINA (million yuan)
      • Other Metal Cutting Machines
        • Table OTHER METAL CUTTING MACHINE SUPPLY & DEMAND IN CHINA (million yuan)
        • Table GEAR CUTTING MACHINE SUPPLY & DEMAND IN CHINA (million yuan)
        • Table SHAPING & RELATED MACHINE SUPPLY & DEMAND IN CHINA (million yuan)
        • Table ALL OTHER METAL CUTTING MACHINE SUPPLY & DEMAND IN CHINA (million yuan)
    • Metal Forming Machine Tools
      • Table METAL FORMING MACHINE TOOL SUPPLY & DEMAND IN CHINA (million yuan)
      • Presses & Other Forging Machines
        • Table PRESSES & OTHER FORGING MACHINE SUPPLY & DEMAND IN CHINA (million yuan)
      • Bending, Shearing, &Punching Machines
        • Table BENDING, SHEARING, &PUNCHING MACHINE SUPPLY & DEMAND IN CHINA (million yuan)
        • Table BENDING MACHINE SUPPLY & DEMAND IN CHINA (million yuan)
        • Table SHEARING & PUNCHING MACHINE SUPPLY & DEMAND IN CHINA (million yuan)
      • Other Metal Forming Machine Tools
        • Table OTHER METAL FORMING MACHINE SUPPLY & DEMAND IN CHINA (million yuan)
    • Machine Tool Accessories
      • Table MACHINE TOOL ACCESSORY SUPPLY & DEMAND IN CHINA (million yuan)
      • Cutting Tools
      • Tool Holders & Headings
      • Measuring Tools
  • MARKETS
    • General
      • Table MACHINE TOOL DEMAND IN CHINA BY MARKET (million yuan)
      • Table MACHINE TOOL DEMAND IN CHINA BY MARKET, 2012 (¥386 billion)
    • Industrial Machinery
      • Industrial Machinery Gross Fixed Capital Formation Outlook
        • Table INDUSTRIAL MACHINERY GROSS FIXED CAPITAL FORMATION IN CHINA (billion yuan)
      • Machine Tool Market
        • Table INDUSTRIAL MACHINERY MARKET FOR MACHINE TOOLS IN CHINA (million yuan)
    • Transportation Equipment
      • Transportation Equipment Gross Fixed Capital Formation Outlook
        • Table TRANSPORTATION EQUIPMENT GROSS FIXED CAPITAL FORMATION IN CHINA (billion yuan)
      • Machine Tool Market
        • Table TRANSPORTATION EQUIPMENT MARKET FOR MACHINE TOOLS IN CHINA (million yuan)
    • Electrical & Electronics
      • Electrical & Electronic Equipment Gross Fixed Capital Formation Outlook
        • Table ELECTRICAL & ELECTRONIC PRODUCT GROSS FIXED CAPITAL FORMATION IN CHINA (billion yuan)
      • Machine Tool Market
        • Table ELECTRICAL & ELECTRONIC PRODUCT MARKET FOR MACHINE TOOLS IN CHINA (million yuan)
    • Primary & Fabricated Metals
      • Primary & Fabricated Metals Gross Fixed Capital Formation Outlook
        • Table PRIMARY & FABRICATED METALS GROSS FIXED CAPITAL FORMATION IN CHINA (billion yuan)
      • Machine Tool Market
        • Table PRIMARY & FABRICATED METALS MARKET FOR MACHINE TOOLS IN CHINA (million yuan)
    • Other Markets
      • Table OTHER MARKETS FOR MACHINE TOOLS IN CHINA (million yuan)
  • REGIONAL TRENDS
    • General
    • Regional Demographic & Economic Trends
      • Population Patterns
        • Table POPULATION OF CHINA BY REGION (million persons)
      • Economic Outlook
        • Table GROSS DOMESTIC PRODUCT OF CHINA BY REGION (billion yuan)
    • Regional Manufacturing Value Added Outlook
      • Table MANUFACTURING VALUE ADDED IN CHINA BY REGION (billion yuan)
    • Regional Manufacturing Gross Fixed Capital Formation Outlook
      • Table MANUFACTURING GROSS FIXED CAPITAL FORMATION IN CHINA BY REGION (billion yuan)
    • Regional Machine Tool Demand
      • Table MACHINE TOOL DEMAND IN CHINA BY REGION (million yuan)
      • Table MACHINE TOOL DEMAND IN CHINA BY REGION, 2012 (¥386 billion)
      • Central-North
        • Table CENTRAL-NORTH REGION OF CHINA
        • Table CENTRAL-NORTH REGION OF CHINA: MACHINE TOOL DEMAND (million yuan)
      • Northeast
        • Table NORTHEAST REGION OF CHINA
        • Table NORTHEAST REGION OF CHINA: MACHINE TOOL DEMAND (million yuan)
      • Central-East
        • Table CENTRAL-EAST REGION OF CHINA
        • Table CENTRAL-EAST REGION OF CHINA: MACHINE TOOL DEMAND (million yuan)
      • Central-South
        • Table CENTRAL-SOUTH REGION OF CHINA
        • Table CENTRAL-SOUTH REGION OF CHINA: MACHINE TOOL DEMAND (million yuan)
      • Southwest
        • Table SOUTHWEST REGION OF CHINA
        • Table SOUTHWEST REGION OF CHINA: MACHINE TOOL DEMAND (million yuan)
      • Northwest
        • Table NORTHWEST REGION OF CHINA
        • Table NORTHWEST REGION OF CHINA: MACHINE TOOL DEMAND (million yuan)
  • INDUSTRY STRUCTURE
    • General
    • Industry Composition
      • Table SELECTED MACHINE TOOL SALES IN CHINA BY COMPANY, 2012 (million yuan)
    • Market Share
      • Table MACHINE TOOL MARKET SHARE IN CHINA BY COMPANY, 2012 (¥386 billion)
    • Product Development & Manufacturing
    • Marketing & Distribution
    • Financial Issues & Requirements
    • Mergers & Acquisitions
    • Foreign Participation in the Chinese Market
      • Table SELECTED COOPERATIVE AGREEMENTS
    • Company Profiles
      • Amada Company Limited
      • Beijing Jingcheng Machinery Electric Holding Company Limited
      • China General Technology Group Holding Company Limited
      • Chongqing Machinery & Electric Company Limited
      • Dalian Machine Tool Group Corporation
      • DMG MORI SEIKI AG
      • DMG MORI SEIKI Company Limited
      • Guangzhou Machine Tool Works Company Limited
      • Guilin Machine Tool Company Limited
      • Hangzhou Machine Tool Group Company Limited
      • Hanland Machine Tool Group Company Limited
      • Jack Holding Group Company Limited
      • Jiangsu Shinri Heavy Industrial Science & Technology Company Limited
      • Jiangsu Xuzhou Metalforming Machine Group Company Limited
      • Jiangsu Yangli Group Company Limited
      • Jiangsu Yawei Machine Tool Company Limited
      • Jier Machine-Tool Group Company Limited
      • Jinan First Machine Tool Company Limited
      • JTEKT Corporation
      • Komatsu Limited
      • MAG Europe GmbH
      • Okuma Corporation
      • Qinghai Huading Industrial Company Limited
      • Shaanxi Qinchuan Machine Tool & Tool Group Company Limited
      • Shandong Lunan Machine Tool Company Limited
      • Shanghai Electric Group Company Limited
      • Shenyang Machine Tool Group Company Limited
      • Sichuan Changzheng Machine Tool Group Company Limited
      • Suzhou Sanguang Science & Technology Company Limited
      • Tiangong International Company Limited
      • Tianjin BENEFO Machinery & Electric Holding Group Limited
      • 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
    • Other Companies Mentioned in Study

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report