Attracted by the profitability of the high-end market, more foreign lab instrument manufacturers are entering the industry.
San Francisco, CA (PRWEB) January 20, 2013
The Lab Instrument and Apparatus Manufacturing industry in China supplies general and specialized analytical instruments to the education, healthcare and food production sectors. Driven by the rapid development of companies in these sectors, the industry has been flourishing. Over the five years through 2012, industry revenue has been growing at an annualized rate of 15.7% to $3.5 billion, says IBISWorld.
In 2012, the top four players in the Lab Instrument and Apparatus Manufacturing industry make up 39.2% of the industry revenue, which indicates a low level of concentration. The diversity of products in the Lab Instrument and Apparatus Manufacturing industry allows for a large number of small manufacturers. However, due to the lack of capital to make technology improvements, many small firms can only manufacture low-quality products, and so the industry is highly dependent on imports of high-end products. Attracted by the profitability of the high-end market, more foreign enterprises are beginning to establish branches in China.
Over the next few years, revenue growth is expected to be strong and steady as the Chinese government will continue to promote the high-tech industries that are major markets for the Lab Instrument and Apparatus Manufacturing industry, says IBISWorld.
For more information, visit IBISWorld’s Lab Instrument and Apparatus Manufacturing in China industry report page.
Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189
IBISWorld Industry Report Key Topics
The Lab Instrument and Apparatus Manufacturing industry in China primarily produces instruments used for qualitative analysis, quantitative analysis, and structural analysis based on the experimental subjects’ physical, chemical, and electrical properties.
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.