Machine Tools in China to 2017

Publisher Name :
Date: 9-Dec-2013
No. of pages: 253

Demand for machine tools in China is forecast to increase 9.2 percent per annum to ¥600 billion in 2017. Both metal cutting and forming machine tools and machine tool accessories will grow at a similarly strong pace. Transportation equipment and electrical/electronic equipment manufacturing will be the fastest growing markets.

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.

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.

Company Profiles

Profiles of 38 firms competing in the Chinese Industry

Additional Information

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

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 for 2002, 2007, and 2012 and forecasts for 2017 and 2022 are provided in current yuan for machine tool demand, shipments, imports, and 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.

Machine Tools in China to 2017

Table Of Contents

Introduction XI

I.Executive Summary  1

II.Market Environment  4
General  4
Economic Overview  5
Recent Economic Performance  6
Economic Outlook  7
Demographic Overview 10
Currency Exchange Rates 13
Manufacturing Overview 16
Gross Fixed Capital Formation Outlook 19
Pricing Patterns 22
Technology 25
NC & CNC Machine Tools 26
Laser, EDM, & Other Advanced Systems 27
Legal & Regulatory Environment 28
The Twelfth Five Year Plan 31
Five-Year Plan Overview 31
Twelfth Five-Year Plan’s Provisions 32
International Environment 34
Foreign Trade 36

III.Products 39
Supply & Demand 39
Metal Cutting Machine Tools 42
Lathes, Milling, & Related Machines 45
Lathes 47
Milling Machines 50
Boring Machines 52
Drilling Machines 53
Machining Centers & Related Machines 55
Vertical 59
Horizontal 59
Plano 60
Other 60
Grinding & Related Machines 60
Grinding Machines 62
Sharpening Machines 64
Polishing Machines 66
Multitasking Machines 67
Laser, EDM, & Related Machines 69
Laser Machines 72
EDM 73
Other Special Processing Machines 74
Other Metal Cutting Machines 75
Gear Cutting Machines 76
Shaping & Related Machines 77
All Other Metal Cutting Machines 79
Metal Forming Machine Tools 80
Presses & Other Forging Machines 82
Mechanical Presses 85
Hydraulic Presses 85
Other Forging Machines 86
Bending, Shearing, & Punching Machines 86
Bending Machines 88
Shearing & Punching Machines 90
Other Metal Forming Machine Tools 92
Machine Tool Accessories 94
Cutting Tools 96
Tool Holders & Headings 97
Measuring Tools 97

IV.Markets 99
General 99
Industrial Machinery  101
Industrial Machinery Gross Fixed Capital Formation Outlook  102
Machine Tool Market  104
Transportation Equipment  106
Transportation Equipment Gross Fixed Capital Formation Outlook  107
Machine Tool Market  110
Electrical & Electronics  113
Electrical & Electronic Equipment Gross Fixed Capital Formation Outlook  114
Machine Tool Market  116
Primary & Fabricated Metals  118
Primary & Fabricated Metals Gross Fixed Capital Formation Outlook  119
Machine Tool Market  121
Other Markets  123

V.Regional Trends  125
General  125
Regional Demographic & Economic Trends  127
Population Patterns  128
Economic Outlook  130
Regional Manufacturing Value Added Outlook  131
Regional Manufacturing Gross Fixed Capital Formation Outlook  133
Regional Machine Tool Demand  134
Central-North  138
Overview  138
Machine Tool Demand  140
Northeast  143
Overview  143
Machine Tool Demand  145
Central-East  148
Overview  148
Machine Tool Demand  150
Central-South  153
Overview  153
Machine Tool Demand  155
Southwest  158
Overview  158
Machine Tool Demand  160
Northwest  162
Overview  162
Machine Tool Demand  164

VI.Industry Structure  167
General  167
Industry Composition  168
Market Share  171
Product Development & Manufacturing  174
Marketing & Distribution  175
Financial Issues & Requirements  177
Mergers & Acquisitions  179
Foreign Participation in the Chinese Market  180
Company Profiles  185
Amada Company Limited  186
Baoji Machine Tool Group, see Shaanxi Qinchuan Machine Tool & Tool Group Beijing Jingcheng Machinery Electric Holding Company Limited  189
BYJC-Okuma Beijing Machine Tool, see Beijing Jingcheng Machinery Electric Holding and Okuma China General Technology Group Holding Company Limited  191
Chongqing Machinery & Electric Company Limited  193
Dalian Machine Tool Group Corporation  194
DMG MORI SEIKI AG  197
DMG MORI SEIKI Company Limited  199
Gildemeister, see  DMG MORI SEIKI AG Guangzhou Machine Tool Works Company Limited  202
Guilin Machine Tool Company Limited  203
Hangzhou Machine Tool Group Company Limited  204
Hanland Machine Tool Group Company Limited  205
Harbin Measuring and Cutting Tool Group, see China General Technology Group Holding Jack Holding Group Company Limited  207
Jiangsu Shinri Heavy Industrial Science & Technology Company Limited  208
Jiangsu Xuzhou Metalforming Machine Group Company Limited  209
Jiangsu Yangli Group Company Limited  210
Jiangsu Yawei Machine Tool Company Limited  212
Jier Machine-Tool Group Company Limited  214
Jinan First Machine Tool Company Limited  215
JTEKT Corporation  216
Komatsu Limited  218
MAG Europe GmbH  220
Mori Seiki, see DMG MORI SEIKI Company Limited Okuma Corporation  223
Qier Machine Tool Group, see China General Technology Group Holding Qinghai Huading Industrial Company Limited  225
SCHIESS, see Shenyang Machine Tool Group Shaanxi Hanjiang Machine Tool, see Shaanxi Qinchuan Machine Tool & Tool Group Shaanxi Qinchuan Machine Tool & Tool Group Company Limited  226
Shandong Lunan Machine Tool Company Limited  229
Shanghai Electric Group Company Limited  230
Shenji Group Kunming Machine Tool, see Shenyang Machine Tool Group Shenyang Machine Tool Group Company Limited  232
Sichuan Changzheng Machine Tool Group Company Limited  236
Suzhou Sanguang Science & Technology Company Limited  237
Tiangong International Company Limited  238
Tianjin BENEFO Machinery & Electric Holding Group Limited  239
Tianshui Spark Machine Tool Company Limited  241
TONTEC Technology Investment Group Company Limited  242
TRUMPF Group  243
Weihai Huadong Automation Company Limited  245
Wuhan Heavy Duty Machine Tool Group Company Limited  246
Yamazaki Mazak Corporation  247
Yunnan CY Group, see Shenyang Machine Tool Group Zhejiang Kaida Machine Tool Group Limited  249
Other Companies Mentioned in Study  250

List Of Tables

Section I -- Executive Summary
Summary Table  3

Section II -- Market Environment
1 Gross Domestic Product of China 10
2 Population of China 12
3 Chinese Currency Exchange Rates, 2002-2012 15
4 Manufacturing Value Added in China 19
5 Gross Fixed Capital Formation in China 22
6 Selected Machine Tool Pricing Patterns in China 24
7 Chinese Foreign Trade in Machine Tools 38

Section III -- Products
1 Machine Tool Supply & Demand in China 41
2 Metal Cutting Machine Tool Supply & Demand in China 44
3 Lathe, Milling, & Related Machine Supply & Demand in China 47
4 Lathe Supply & Demand in China 49
5 Milling Machine Supply & Demand in China 52
6 Boring Machine Supply & Demand in China 53
7 Drilling Machine Supply & Demand in China 55
8 Machining Center & Related Machine Supply & Demand in China 58
9 Grinding & Related Machine Supply & Demand in China 62
10 Grinding Machine Supply & Demand in China 64
11 Sharpening Machine Supply & Demand in China 66
12 Polishing Machine Supply & Demand in China 67
13 Multitasking Machine Supply & Demand in China 69
14 Laser, EDM, & Related Machine Supply & Demand in China 72
15 Other Metal Cutting Machine Supply & Demand in China 76
16 Gear Cutting Machine Supply & Demand in China 77
17 Shaping & Related Machine Supply & Demand in China 78
18 All Other Metal Cutting Machine Supply & Demand in China 79
19 Metal Forming Machine Tool Supply & Demand in China 82
20 Presses & Other Forging Machine Supply & Demand in China 84
21 Bending, Shearing, & Punching Machine Supply & Demand in China 88
22 Bending Machine Supply & Demand in China 90
23 Shearing & Punching Machine Supply & Demand in China 92
24 Other Metal Forming Machine Supply & Demand in China 94
25 Machine Tool Accessory Supply & Demand in China 96

Section IV -- Markets
1 Machine Tool Demand in China by Market  100
2 Industrial Machinery Gross Fixed Capital Formation in China  104
3 Industrial Machinery Market for Machine Tools in China  106
4 Transportation Equipment Gross Fixed Capital Formation in China  110
5 Transportation Equipment Market for Machine Tools in China  113
6 Electrical & Electronic Product Gross Fixed Capital Formation in China  116
7 Electrical & Electronic Product Market for Machine Tools in China  118
8 Primary & Fabricated Metals Gross Fixed Capital Formation in China  121
9 Primary & Fabricated Metals Market for Machine Tools in China  123
10 Other Markets for Machine Tools in China  124

Section V -- Regional Trends
1 Population of China by Region  129
2 Gross Domestic Product of China by Region  131
3 Manufacturing Value Added in China by Region  132
4 Manufacturing Gross Fixed Capital Formation in China by Region  134
5 Machine Tool Demand in China by Region  137
6 Central-North Region of China: Machine Tool Demand  143
7 Northeast Region of China: Machine Tool Demand  148
8 Central-East Region of China: Machine Tool Demand  153
9 Central-South Region of China: Machine Tool Demand  158
10 Southwest Region of China: Machine Tool Demand  162
11 Northwest Region of China: Machine Tool Demand  166

Section VI -- Industry Structure
1 Selected Machine Tool Sales in China by Company, 2012  170
2 Selected Cooperative Agreements  182

List Of Charts

Section II -- Market Environment
1 Population of China by Age, 2002-2022 13
2 Chinese Currency Exchange Rates, 2002-2012 16

Section III -- Products
1 Machine Tool Demand in China by Product, 2012 42

Section IV -- Markets
1 Machine Tool Demand in China by Market, 2012  101

Section V -- Regional Trends
1 Machine Tool Demand in China by Region, 2012  138
2 Central-North Region of China  140
3 Northeast Region of China  145
4 Central-East Region of China  150
5 Central-South Region of China  155
6 Southwest Region of China  160
7 Northwest Region of China  164

Section VI -- Industry Structure
1 Machine Tool Market Share in China by Company, 2012  171

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