China Packaging Machinery Industry Size 2014 Market Analysis, Growth, Trends and Forecast 2017: MarketResearchReports.Biz
Albany, NY (PRWEB) September 16, 2014 -- In 2013, China manufactured 109,800 sets of packaging equipment, up 13.46% year on year, generating total revenue of RMB27.095 billion, a jump of 7.75% from a year earlier. The industry’s total revenue presented a CAGR of 16.38% during 2007-2013. The development of industries like food packaging, pharmaceutical packing and household chemicals packaging will conduce to strong growth momentum of packaging machinery industry.
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In 2013, sales of RMB1.988 billion were achieved in the Chinese packaging machinery automation market, of which low-voltage motor, low-voltage converter and servo were top three best-selling products, separately accounting for 25.8%, 21.2% and 19.1% of packaging machinery automation market. Servo, as an important component for automatic packaging machinery, has significant pulling effect on packaging machinery automation market and will usher in a stage of rapid development in the future.
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Affected by a combination of multiple factors, such as capital, technology, talent and experience, most of domestic packaging equipment manufacturers in China operate in small scale, resulting in a low market concentration. However, the industry is becoming increasingly concentrated, with five large companies holding a combined 10.38% market share in 2013, up 1.25 percentage points against 2012 and expected to further improve in the future.
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As the first listed company in China beverage packaging machinery industry, Guangzhou Tech-Long Packaging Machinery Co., Ltd. (Tech-Long) has a 140,000 m2 beverage packaging machinery plant, and it has been the largest beverage packaging equipment manufacturing base in Asia. In 2013, Tech-Long manufactured 415 sets of liquid packaging machinery, soaring by 221.7% from the previous year, and sold 422 sets, rising by 34.39% on a year-on-year basis.
J.S. Corrugating Machinery Co., Ltd (J.S. Machine) is the first listed paper product packaging machinery manufacturer in China, the largest base for R&D, manufacture and export of paper product packaging machinery in the country, and the world’s largest producer of corrugated mechanical equipment and follow-up processing equipment. In 2013, the company earned revenue of RMB470 million from packaging machinery, a 48.62% rise from the prior year, making up 1.73% of the market, up 0.47 percentage points from the year before.
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China Power Tool Industry Report, 2014-2017
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According to China Power Tool Industry Report, 2014-2017 made by Sino Market Insight, China’s output of power tools will present a CAGR of 7% during 2014-2017, and the figure is expected to be up to 314 million units in 2017. China is a large exporter of power tools, with more than 80% of products for export. In 2013, China exported a total of 201 million units of sundry power tool, up 2.06% year on year; later in the first half year of 2014 the export volume reached 104 million units with a year-on-year rise of 3.5%, of which the export volume of electric drill and scrubbing tool reached 31.22 million units and 23.74 million units separately and swept the largest shares, 30% and 22.8% respectively.
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Power tools, as a whole, can be divided into industrial grade, professional grade and household grade, among which household power tool has not a high threshold for market access, typically characteristic of decentralized operation. Currently, the top five producer of household power tool in China hold a total market share of less than 10%, and most small-sized firms have gross margin of below 10% each.
Global And China Elevator Industry Report, 2014
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The accelerating urbanization, large-scale construction of indemnificatory housing and rapid development of public transportation in large and medium-sized cities in China slow the decline of elevator sales in commercial housing market to a certain extent. Since 2013, China elevator industry has kept a rapid growth momentum, with the output numbering 625,000 sets, up 18.15% year on year, registering a CAGR of 22.52% over the past decade (2003-2013).
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Elevator manufacturers earned more money from maintenance service. In recent years, local elevator companies have been actively expanding production, and the revenue from maintenance service has been climbing slowly at the same time. Among major local elevator players, Shenyang Brilliant Elevator Co., Ltd. now enjoys the highest maintenance revenue proportion. In 2013, the company earned revenue of RMB 280 million from maintenance service, rising by 31.4% year on year and accounting for 16.9% of its total revenue, compared with 9.1% in 2010.
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