Abstract
INTRODUCTION
The machinery industry has a major bearing on China's manufacturing industry.
In 2004, China's machinery industry accounted for 17.0% and 10.6% respectively
of national sales and exports. Rapid economic development in China has led to
a corresponding increase in industrial machinery. Almost all leading
international players have formed joint ventures in China including
John-Deere, Daewoo, Hitachi, Parker, Sanyo, ABB, Emerson, Siemens and Volvo.
In the near future, China will be an important player in the global industrial
machinery marketplace.
BCC's goal in conducting this study was to determine the current status of
China's machinery industry and to assess its growth potential over a 5-year
period from 2005 to 2010.
SCOPE OF STUDY
This report contains:
- An overview that describes the industry, its importance, historical
developments and important regulations.
- Nine chapters covering: Agricultural Machinery, Construction Machinery,
Machine Tools, Mechanical Basic Parts, Petrochemical and General Machinery,
Heavy Machinery, Automotive Electrical Equipment and Instruments and Meters.
- Analyses of the Chinese market by production, importing, exporting,
consumption, participants and technology.
- Major market players, their profiles and market shares.
- Market forecasts through 2010.
METHODOLOGY AND INFORMATION SOURCES
The material presented is based on extensive reviews of secondary sources such
as technical papers, industry conferences, trade publications, industry
associations, company literature, and government data-customs statistics and
the Machinery Industry Yearbook.
Our final analyses and projections are based on a consensus among the
secondary sources combined with our understanding of the impact of trends from
a historical perspective.
All dollar data presented in this report are based on the exchange rate: U.S.
$1 =RMB 8.08.