Analysis of the Current Situation and Market Development Prospects of the Mechanical Equipment Processing Industry 2023

What is the current situation and prospects of the mechanical equipment processing industry? The mechanical equipment processing industry is mainly used for the production of complex parts and complete assembly of finished products, including aviation, medical, automotive, consumer electronics, and other specific fields. Thanks to the demand support from these downstream fields, the global mechanical equipment processing market has remained stable. In the future development, China's mechanical manufacturing industry urgently needs transformation and upgrading, increasing investment in research and development innovation, improving technological process level, optimizing product structure, and improving the production capacity of core components and high-end products. In addition, in the context of the information age, the integration of Internet, big data, artificial intelligence, the Internet of Things and other technologies with the manufacturing industry is deepening, and the global manufacturing industry is developing in the direction of "4.0". China has proposed the strategy of "Made in China 2025". China's machinery manufacturing industry needs to seize the opportunity to improve in the direction of automation and intelligence.

Artificial board machinery belongs to woodworking machinery, but there are significant differences from general woodworking machinery. Generally, the manufacturing of various solid wood or wood products is mainly based on single piece or small batch production. Therefore, woodworking machines generally appear as small or medium-sized mechanical equipment with relatively single functions. For the production of specific types of solid wood or wood products, only a few necessary equipment needs to be selected according to their production process requirements. However, the production of artificial boards is more often presented as large-scale mass production, and the equipment composition generally exists in the form of production lines. Although the function of a certain equipment on the production line is also single, it needs to be strictly selected according to the production process requirements of artificial boards, the overall functional requirements of equipment, as well as the quality and output requirements of products. The system integration is high and the technical difficulty is high.

Data shows that the compound annual growth rate of the mechanical equipment processing market size is 1.5%; By 2020, the global mechanical equipment processing market has reached $214.5 billion, a year-on-year decrease of 4.8%.
China has become the world's largest consumer market for industrial robots for five consecutive years, and the industrial robot market in China is entering an accelerated growth stage. The International Federation of Robotics predicts that the sales of industrial robots in China will maintain a growth rate of about 20% in the future. At present, industrial robot technology is being developed in the direction of fuzzy control, intelligence, generalization, standardization, modularization, high-precision, networking, self-improvement, and repair capabilities. With the continuous development of high-tech technologies such as computer technology, fuzzy control technology, expert system technology, artificial neural network technology, and intelligent engineering technology, the working ability of industrial robots will be greatly improved and developed.

According to the comprehensive research report on market depth analysis and development planning consultation of the mechanical equipment processing industry from 2022 to 2027 published by the Zhongyan Puhua Industrial Research Institute, statistical analysis shows that:

Deep analysis of the market for mechanical equipment processing industry

China has become a major manufacturing country for mechanical equipment components with a complete range of industries, a large scale, a solid foundation, and strong competitiveness. There are over 3000 enterprises above designated size in the entire industry, including over 500 major backbone enterprises. The mechanical equipment processing industry has formed a complete industrial system for mechanical equipment components with certain international competitiveness, and many advantageous enterprises have gone abroad to invest and build factories overseas, Provide face-to-face services to downstream customers.

Machine tools are the basic production equipment in the manufacturing industry, also known as "industrial mother machines". In general machine manufacturing, the processing workload undertaken by machine tools accounts for 40% -60% of the total machine manufacturing work, hence they are also known as "industrial mother machines". Machine tools originated in Europe in the 15th century and were initially used for processing clocks, watches, and weapons. The Industrial Revolution of the 18th century promoted the development of machine tools. After 1920, hydraulic and electrical components were gradually applied in machine tools and other machinery, and machine tools entered a period of semi automation. After 1950, CNC machine tools began to emerge and entered the era of CNC machine tool development. After hundreds of years of development, machine tools have become the basic production equipment of the manufacturing industry and an important industry that reflects a country's manufacturing strength.

Metal cutting machine tools and metal forming machine tools are core machine tool products, and the CNC rate is continuously increasing. According to the data from the China Machine Tool Industry Association, machine tools can be divided into metal cutting machine tools, metal forming machine tools, woodworking machinery, casting machinery, etc. In 2021, the production of metal cutting machine tools in China was 602000, including 270000 CNC metal cutting machine tools and 210000 metal forming machine tools. Among them, 24000 CNC metal forming machine tools were produced. Metal cutting machine tools occupy a larger market and have a relatively higher growth rate. The growth rate of CNC metal cutting machine tools and CNC metal forming machine tools is higher than that of the industry, indicating that the trend of CNC machine tool development is continuing.

In recent years, global mechanical manufacturing technology has undergone rapid development, with continuous improvement in production efficiency and technical accuracy. Among them, the improvement of production efficiency mainly comes from the application and improvement of automation, while the improvement of technical accuracy comes from the transition from precision machining to ultra precision machining. At present, mechanical processing is mainly used for the production of complex parts and the complete assembly of finished products, including specific fields such as aviation, medical, automotive, consumer electronics, and others. Thanks to the demand support from these downstream fields, the global mechanical equipment processing market has remained stable.

According to data statistics, from 2011 to 2020, the compound annual growth rate of the global mechanical equipment processing market size was 1.5%; By 2020, the global machining market size reached $214.5 billion, a year-on-year decrease of 4.8%.

The global machine tool market has a scale of nearly 500 billion yuan, making it a huge market. According to VDW (German Machine Tool Manufacturers Association) statistics, the global machine tool industry has shown a fluctuating growth trend since 2009. In 2019 and 2020, due to the global outbreak of the epidemic and the tense global trade environment, the industry's output value has declined. In 2020, the global metal processing machine tool industry's output value was 465.45 billion yuan. According to Gardner data, the global consumption of machine tools in 2020 was approximately 69.8 billion US dollars (approximately 453.7 billion yuan), which is equivalent to the scale of production value.

China is the world's largest machine tool production base and consumer market, with a market size of approximately 200 billion yuan in 2021. According to the German Machine Tool Manufacturers Association, China accounts for 29% of the world's major machine tool production countries, Germany accounts for 15%, Japan accounts for 14%, Italy accounts for 8%, and the United States accounts for 7%. China is the world's largest manufacturing base. From the perspective of machine tool consumption, China's machine tool consumption accounts for 32% of the global market, indicating a high demand for mechanical processing in China. The domestic manufacturing industry is rapidly developing, and China has also become the world's largest machine tool market. According to data from the China Machine Tool Industry Association, the consumption of metal processing machine tools in China in 2020 was 21.31 billion US dollars, including 13.87 billion US dollars for metal cutting machine tools and 7.44 billion US dollars for metal forming machine tools. According to MIR Databank data, the market size of CNC metal cutting machine tools in China was approximately 49.2 billion yuan in 2020. In 2021, the Machine Tool Association did not release consumption data, but China's machine tool production increased by nearly 30%. Based on this, we estimate that the market size of China's metal processing machine tools is about 27.7 billion US dollars, about 192.7 billion yuan.

With the development of science and technology, the trend of intelligent mechanical equipment has become a key and difficult point for the future development of mechanical equipment enterprises. In recent years, more and more advanced technologies have been applied in mechanical equipment, and they are developing towards automation, informatization, intelligence, and precision; The requirements for products are becoming increasingly strict, requiring a variety of varieties, fast updates, high-end quality, convenient use, maintenance, reasonable prices, beautiful appearance, high degree of automation, and good after-sales service. Therefore, in order to meet the above requirements for the development of Shenzhen Metro, advanced mechanical equipment must be used.

Market Prospect Analysis of Mechanical Equipment Processing Industry

Japan and Germany are the main sources of imports for China, while Riga is the main type of imported machine tool. China's machine tool imports mainly come from Japan, Germany, Taiwan, China, South Korea, etc. The top four countries/regions account for 6.5% of China's total imports. China's machine tool exports are relatively scattered, with the main exporting countries including Vietnam, the United States, India, the Russian Federation, South Korea, etc., with Vietnam accounting for the highest proportion of about 8%. Imported machine tools are mainly machining centers, and the import proportion of special machining machines and grinders is also higher than 10%. Export machine tools are mainly special machining machines, and the proportion of machining centers is only 5.5%. For the segmented market of CNC machine tools, in 2018, among China's imported CNC machine tools, vertical machining centers held a dominant position in both quantity and amount, while metal forming machine tools were the main export machine tools.

With the continuous intensification of competition in the mechanical equipment processing industry, mergers and acquisitions integration and capital operation among large enterprises are becoming increasingly frequent. Excellent mechanical equipment processing enterprises at home and abroad are increasingly paying attention to analyzing and researching the industry market, especially in-depth research on the current market environment and changes in customer demand trends, in order to occupy the market in advance and obtain a first mover advantage. Because of this, a large number of excellent brands have rapidly risen and gradually become leaders in the industry. Zhongyan Puhua utilizes various innovative information processing technologies to collect, organize, process, analyze, and transmit massive data in the mechanical equipment processing industry market, providing customers with a package of information solutions and consulting services, minimizing customer investment risks and operating costs, seizing investment opportunities, and improving enterprise competitiveness.

This report utilizes first-hand market data collected by Zhongyan Puhua through long-term tracking of the mechanical equipment processing industry market. At the same time, based on a large amount of authoritative information provided by the National Bureau of Statistics, the Ministry of Commerce, the National Development and Reform Commission, the Development Research Center of the State Council, industry associations, China Industry Research Network, and national and overseas professional research institutions, a scientific analysis model synchronized with international standards is adopted, To comprehensively and accurately construct an analysis system for you from the overall perspective of the industry. Let you comprehensively and accurately grasp the market trend and development trend of the entire mechanical equipment processing industry.

What are the prospects and investment opportunities for future industry market development? To learn more about the specific details of the industry, please click to view the report "2022-2027 Comprehensive Research Report on Market Deep Analysis and Development Planning Consultation of the Mechanical Equipment Processing Industry" from China Research Puhua Industrial Research Institute. The report conducts specific investigations, research, and analysis on various factors related to the industry, gaining insights into the future development direction of the industry, the evolution trend of the industry's competitive landscape, as well as technical standards, market size, potential problems, and the crux of industry development. It evaluates the investment value and effectiveness of the industry, proposes constructive suggestions, and provides reference basis for industry investment decision-makers and business operators.