With production value of USD145 billion, China accounts for 70.9% of the Asia Pacific total in 2023. The industry’s exports share decreases in 2023 to 12.6% of total production output. The industry’s profitability decreases and stands at 9.4% of production value in 2023, the 13th highest regionally. The costs of the industry decrease by 1.1% in 2023, largely driven by declining B2B costs. The total number of companies remains unchanged in 2023. The industry is fragmented, with the top five companies generating 3.6% of total production value in 2023. Jiangsu Feida Tools Combine Stock Co Ltd is the largest company in China, generating 0.9% of the industry’s total production value in 2023. China has the largest market size for machine tools regionally, with demand reaching USD157 billion in 2023. B2B drives market demand, with B2B spending representing 100% of total demand in 2023. The market is dominated by domestic suppliers, as imports account for 8.3% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Machine Tools in China: ISIC 2922. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Machine Tools in China: ISIC 2922 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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