REPORT HIGHLIGHTS

• Chinese machine builders are enhancing their international participation through larger exports as well as a higher degree of internationalization. At an average annual growth rate (AAGR) of 12.0%, in 2010 consumption is estimated to reach $910.14 billion.
• Sectors with the largest growth in gross industrial output were: heavy machinery (31.5%), basic mechanical parts (29.51%) and electrical equipment (29.46%).
• The value of China's Heavy machinery reached $25.5 billion in 2005 and is projected to grow at an average annual of 16.4% to reach $54.5 billion by 2010.
• The value of China's Electrical equipment reached $120.59 billion in 2005 and is projected to grow at an average annual of 15.5 % to reach $247.93 billion by 2010.

REPORT SCOPE

INTRODUCTION

The machinery industry has a major bearing on China's manufacturing industry. In 2004, China's machinery industry accounted for 17.0% and 10.6% respectively of national sales and exports. Rapid economic development in China has led to a corresponding increase in industrial machinery. Almost all leading international players have formed joint ventures in China including John-Deere, Daewoo, Hitachi, Parker, Sanyo, ABB, Emerson, Siemens and Volvo. In the near future, China will be an important player in the global industrial machinery marketplace.

BCC's goal in conducting this study was to determine the current status of China's machinery industry and to assess its growth potential over a 5-year period from 2005 to 2010.

SCOPE OF STUDY

This report contains:

• An overview that describes the industry, its importance, historical developments and important regulations.
• Nine chapters covering: Agricultural Machinery, Construction Machinery, Machine Tools, Mechanical Basic Parts, Petrochemical and General Machinery, Heavy Machinery, Automotive Electrical Equipment and Instruments and Meters.
• Analyses of the Chinese market by production, importing, exporting, consumption, participants and technology.
• Major market players, their profiles and market shares.
• Market forecasts through 2010.

METHODOLOGY AND INFORMATION SOURCES

The material presented is based on extensive reviews of secondary sources such as technical papers, industry conferences, trade publications, industry associations, company literature, and government data-customs statistics and the Machinery Industry Yearbook.

Our final analyses and projections are based on a consensus among the secondary sources combined with our understanding of the impact of trends from a historical perspective.

All dollar data presented in this report are based on the exchange rate: U.S. $1 =RMB 8.08.

RELATED REPORTS

• IFT051A Intelligent Building Networks
• MFG016D Nondestructive Testing
• MFG012H The Competitive Pipe Industry

REPORT TOC