Global Market Analysis for Machine Tool Production and Utilization Size, Growth, Sales, Status and Forecast Till the End of 2028

Fact.MR Pvt. Ltd. has released a new study on Standard Parts for Tool Making market in China, extracting crucial market insights for the next ten year forecast period, unique strategies adopted by the players in terms of product differentiation and potential market hotspots, in-depth industry analysis on the same and opportunities for the market to grow. The revenue generated from the consumption of standard parts for tool making in China is estimated to be valued at US$ 471.0 Mn by the end of 2018 reaching US$ 703.5 Mn till the end of forecast period registering a CAGR of 4.1% (2018-2028).

Market Dynamics

From a global perspective, China is among the largest consumers of machine tools, including both metal cutting and metal forming tools. This is due to the fact that the manufacturing industry as a whole has been thriving positively in the country post the recession of 2009. Some of the important drivers contributing the growth of standard parts for tool making in China include dual growth of automotive & auto parts industry, initiation & rise of aircraft production in the country, improvements in foreign direct investments (FDI) & foreign invested enterprises (FIE) inflows, growth in fixed asset investment and others. Some of the opportunities for the manufacturers of standard parts to tap onto in order to increase the revenue returns include development new schemes such as China Manufacturing 2025 (CM2025) Initiative to increase manufacturing activities in the country. The market of standard parts in China faces competition from both developed and emerging economies which can attributed to customers preference towards quality parts that are available outside China, as well as increasing labor costs in the country can influence shifting of parts manufacturing outside China.

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Market Segmentation

Standard parts for machine tools in China is segmented on the basis of component type, application, end use industry and sales channel. Looking at the component type segmentation, it is clear that among all the components taken into consideration, the segment that takes up the majority of market share in terms of value are punches & dies. This is due to the fact that these parts are used the most in metal forming tools in addition to incurring the highest price point which can also vary based the size of the component thereby taking up nearly 41% of the total value share in 2017.

The largest users of metal forming tools are the automotive industry including third party workshops that provides parts to the same, hence in the end use industry segment, automotive industry in 2017 takes up nearly 48% and is expected to increase its market share by the end of 2028 with a value CAGR growth of 4.5%.

If we look into the sales channel segment, direct sales segment takes up more than half of the market share is expected to dominate throughout the forecast period registering a CAGR of 4.1%. However, the fastest growing segment among all in this category is taken up by online sales segment with an expected CAGR of 4.6% in terms of value from 2018 to 2028.

Market Participants

Some of the key players covered in standard parts for tool making market operating in China include MISUMI Group Inc., Barnes Group Inc., Erwin Halder KG, Meusburger Georg GmbH & Co KG, Läpple AG, Hong Yue Mold Fittings Ltd., Shenzhen QH Industrial Co., Ltd., Hongkai Precision Metal Stamping Tool And Product Co., Ltd., Agathon AG, STRACK NORMA GmbH & Co. KG., Changsha Borun Mould Co., Ltd., NITROGAS, S.A.U., DADCO, Inc., Jiashan Honglida Sliding Bearing Co., Ltd. among others.

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Standard parts are secondary components utilized in presses or similar metal forming tools in conjunction with main punch & die combination. Owing to growth witnessed in production of machine tools and replacement of standard parts in the same, the demand for standard parts is expected to increase in the country in upcoming years. It is a well-known fact that China has been at the forefront it comes to manufacturing of any industrial parts or system, automobiles among others. This rise in production of such parts & components leads to growth in various end use industries which further influences demand for machine tools biding well for the growth of standard parts. Relaxation of trade duties, widening foreign direct investments and fixed asset investments positively effects manufacturing scene of the country further improving the growth of standard parts market in China, However, it must be also taken into consideration that no market is without its restraints. Hence, some of the roadblocks that can dent the growth of the market in the upcoming years include high product competition from both developed and developing countries and less penetration of automation in manufacturing among others. Some of the initiatives that can put the manufacturing activities of the country to a next level include improved investments in all segment of product delivery as well as China Manufacturing 2025 (CM2025) Initiative.

Table of content:

Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. Fact.MR Analysis and Recommendations
1.4. Wheel of Fortune
Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
China Standard Parts for Tool Making Market Analysis Scenario
3.1. Introduction
3.1.1. Market Volume Projections
3.1.2. Market Size and Y-o-Y Growth
3.1.3. Absolute $ Opportunity
3.2. Pricing Analysis, 2017
3.3. Macro-Economic Factors
3.4. Global Machine Tool Outlook
3.5. China Machine Tool Outlook
3.6. China Manufacturing PMI 2012-2018
3.7. Import-Export Scenario of General Machinery
3.8. What Market Participants are saying?
3.9. Key Strategies for Growth
3.10. Value Chain Analysis
3.11. Market Dynamics
3.11.1. Drivers
3.11.2. Restraints
3.11.3. Opportunities
3.12. Porters’ Five Forces Analysis
3.13. PESTEL Analysis
3.14. Forecast Factors: Relevance and Impact
China Standard Parts for Tool Making Market Analysis 2013–2017 and Forecast 2018–2028, By Component Type
4.1. Introduction / Key Findings
4.2. Historical Market Size (US$ Mn) and Volume (‘000 Units) Trend Analysis By Component Type, 2013–2017
4.3. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Component Type, 2018–2028
4.3.1. Guide Pillars
4.3.2. Bushes & Cages
4.3.3. Die & Gas Springs
4.3.4. Punches & Dies
4.3.5. Pillar & Bush Blocks
4.3.6. Dowel Pins (Set of 100)
4.3.7. Steel Plates
4.3.8. Others (Set of 100)
4.4. Market Attractiveness Analysis By Component Type
4.5. Section Summary
Continued……………

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This release was published on openPR.