Battery manufacturers are increasingly competing on technology, not price.
San Francisco, CA (PRWEB) May 15, 2013
Revenue for the Battery Manufacturing industry in China is set to total $119.3 billion in 2013, with annualized revenue growth estimated at 20.3% over the past five years, says IBISWorld. Domestic demand has been growing strongly in China, leading to many foreign companies entering the industry.
Battery imports have declined as more foreign firms set up manufacturing facilities in China and their output becomes part of domestic production. The industry has also become less export-oriented. Exports as a share of revenue peaked at 67.5% in 2002. In 2013, exports account for just one tenth of total industry revenue.
The Battery Manufacturing industry has a low concentration level as there are many small and medium enterprises operating in the industry and a diversity of industry products. Firms tend to focus on particular markets and the majority of enterprises manufacture single products. Only a few of the larger firms are able to manufacture a variety of batteries. The top four firms – Sanyo, BYD, Panasonic, and China Shipbuilding Industry Corporation – account for only 8.6% of industry revenue in 2013.
Although the industry's technology and systems have improved considerably in recent years, there are still major differences between Chinese firms and advanced foreign manufacturers. IBISWorld expects technology to grow in importance as a basis of competition.
For more information, visit IBISWorld’s Battery Manufacturing in China industry report page.
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IBISWorld Industry Report Key Topics
The Battery Manufacturing industry comprises businesses that manufacture batteries and similar devices. A battery is an electrochemical device that provides a direct-current voltage source via chemical energy that can be converted into electrical energy. Key product segments include primary batteries and storage batteries.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.