2014-02-13 04:34:02 - Machine Tool Market in China 2012-2016 - a new market research report on companiesandmarkets.com
The China Machine Tool market is to grow at a CAGR of 8.16 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing adoption of machine tools in the Automotive industry. The Machine Tool market in China has also been witnessing increasing outsourcing of manufacturing activities to China. However, the increase in capital expenditure could pose a challenge to the growth of this market.
Since the end of the global economic downturn, there has been a steady improvement in the economies of Asian countries such as China and India. This has paved the way for the emergence of cost-driven manufacturing companies across these countries. Several organizations from the EMEA region and the Americas
are increasingly outsourcing their manufacturing activities to China. This is mainly because of the availability of low-cost, skilled labor. In addition, this move helps companies to increase their market presence in new geographies. Thus, the increasing outsourcing of manufacturing activities leads to an increase in investment by both domestic and international vendors. This in turn drives the demand in the Machine Tool market in China.
The Machine Tool market in China is witnessing many growth drivers such as the increasing adoption of machine tools in the Automotive industry. Since the end of the global economic recession, the Automotive industry in China has recovered and is expected to grow at a comparatively faster rate than that of other countries in the APAC region.
A major challenge in the market is the increase in capital expenditure. The prices of machine tools are increasing due to the increasing prices of raw materials.
The key vendors dominating this space include Dalian Machine Tool Group Corp., Gildemeister AG, and Shenyang Machine Tools Co. Ltd. The other vendors mentioned in the report are Chongqing Machine Tools (Group) Co., Ltd., Jiangsu Shinri Heavy Industry Science and Technology Co. Ltd., Jinan First Machine Tool Group Co. Ltd., Qier Machine Tool Group Co. Ltd., Qinghai Huading heavy-duty Machine Tool Co. Ltd., Qiqihar Heavy CNC Equipment Co. Ltd., and Wuhan Huazhong Numerical Control Co Ltd.
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