Which industry sectors will fuel China’s machinery production?
IMS Research forecasts that China’s machinery production is in a phase of steady growth, by 2014 revenues will account for 24% of world total.
“Because of huge internal demand and investment, there will be a rapid increase in the production of medium- and small-scale agricultural machinery, of material-handling machinery with a high performance-price ratio, and of low-end food & beverage machinery” IMS Research analyst, Wilmer Zhou, commented in the report “The China Machinery Production Yearbook – 2011."
China is already one of the biggest producers of agricultural machinery in the world. A policy of purchase subsidy has been implemented over six years; this subsidy increased to 14.49 billion RMB in 2010 from 13 billion RMB in 2009. The subsidy policy will continue to drive agricultural machinery production in the coming years; since, with 800 million farmers in China, developing modern agriculture and improving rural productivity is a critical Government task.
The Chinese Government has been spending 9% of its GDP on public works projects (such as the massive high-speed China railway project and the West-East natural gas transmission project) to improve the country’s infrastructure. Soaring public and private investment in China has led to a building boom in airports, subways, shopping malls, housing and public infrastructure. The material handling machinery sector is one of the biggest beneficiaries.
The huge population in China continues to drive the demand for food, beverage, and tobacco processing machinery and related packaging machinery. With the increasing numbers of the middle class and the wealthy in China, IMS Research notes the demand not only for basic machinery with a high performance-price ratio but also for advanced processing and packaging machinery.
With continuing industrialization and urbanization in China, IMS Research forecasts that its production of machinery production is in a phase of steady growth; revenues from production machinery will account for 24% of the world total in 2014. By then, China will be competitive in agricultural machinery, materials-handling machinery, textile machinery, plastics & rubber production machinery, food & beverage machinery, wind turbine machinery, and machine tools.
IMS Research
- Edited by Gust Gianos, CFE Media, Control Engineering, www.controleng.com
- Related News:
Which Industry will Fuel the Chinese Motion Controls Market? - 18.02.2011 10:54- Linear and torque motors: China slashes rare-earth exports - 09.02.2011 02:22
- Low voltage AC motors revenues to double by 2014, IMS Research said - 08.02.2011 08:11
- What is happening to third-party I/O suppliers? - 03.01.2011 00:00
- PLC investments: Low and scattered; ‘brighter' in emerging economies - 04.03.2010 15:41
- Who's using industrial drives? - 12.11.2009 17:49
Case Study Database
Get more exposure for your case study by uploading it to the Plant Engineering case study database, where end-users can identify relevant solutions and explore what the experts are doing to effectively implement a variety of technology and productivity related projects.
These case studies provide examples of how knowledgeable solution providers have used technology, processes and people to create effective and successful implementations in real-world situations. Case studies can be completed by filling out a simple online form where you can outline the project title, abstract, and full story in 1500 words or less; upload photos, videos and a logo.
Click here to visit the Case Study Database and upload your case study.
2012 Salary Survey
In a year when manufacturing continued to lead the economic rebound, it makes sense that plant manager bonuses rebounded. Plant Engineering’s annual Salary Survey shows both wages and bonuses rose in 2012 after a retreat the year before.
Average salary across all job titles for plant floor management rose 3.5% to $95,446, and bonus compensation jumped to $15,162, a 4.2% increase from the 2010 level and double the 2011 total, which showed a sharp drop in bonus.