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China'S Machinery Industry Market Demand Changes, The Industry Situation Is Grim

Time: 2020-10-09 Category: Company News Tag: Machinery Industry Market Demand
Summary: Last year, the economic growth rate of my country's machinery industry slowed down, but the main economic indicators still achieved positive growth; under market forces and policy guidance, the pace of structural adjustment accelerated, and the transformation and upgrading efforts were intensified. "Chen Bin, executive vice president of the China Machinery Industry Federation, said at the 2015 machinery industry economic operation information conference held recently that the growth rate of the added value of the machinery industry is lower than the average growth rate of the industry, which is rare in recent years, highlighting the industry The severity of the situation.
Last year, the economic growth rate of my country's machinery industry slowed down, but the main economic indicators still achieved positive growth; under market forces and policy guidance, the pace of structural adjustment accelerated, and the transformation and upgrading efforts were intensified. "Chen Bin, executive vice president of the China Machinery Industry Federation, said at the 2015 machinery industry economic operation information conference held recently that the growth rate of the added value of the machinery industry is lower than the average growth rate of the industry, which is rare in recent years, highlighting the industry The severity of the situation.
In 2015, the added value of the machinery industry increased by 5.5% year-on-year, which was 4.5 percentage points lower than the growth rate of the previous year and 0.6 percentage point lower than the average industrial growth rate (6.1%) in the same period. Due to the overcapacity of low-end products and insufficient market demand, orders for machinery products have fallen and prices have fallen. In 2015, the accumulated orders of key contact enterprises in the machinery industry continued the weak trend of the previous year, and the growth rate further declined, which was always at a negative growth year-on-year, with a cumulative year-on-year decrease of 4.02% from January to December. Chen Bin said that it is expected that the lack of demand for some time in the future is still one of the important challenges that the machinery industry will face.

Among the 64 major mechanical products announced by the National Bureau of Statistics in 2015, 18 saw output increase, accounting for 28.13%, and 46 saw output decline, accounting for 71.87%. The analysis shows that the output of large investment products such as metallurgical mining equipment, construction machinery, conventional power generation equipment, etc. and ordinary mechanical products with serious overcapacity such as various ordinary machine tools, AC motors, wires and cables, etc. have dropped significantly; high-horsepower tractors, instruments The output of products closely related to consumption, people's livelihood, energy saving and emission reduction, and industrial upgrading, such as meters, equipment, electric forklifts, wind power generation equipment, and sports utility vehicles (SUVs) in automobiles, has maintained growth. "Under the background of accelerating economic restructuring, the machinery industry is shifting from serving investment activities in the past to focusing more on consumption, people's livelihood and informatization, energy conservation and emission reduction." Chen Bin pointed out that in recent years, The market demand structure of the machinery industry has changed, and products or industries related to people's livelihood and consumption will become the bright spot in the development of the machinery industry. "Under the background of increasing downward pressure on the economy, my country's machinery companies have continuously improved their ability to actively adapt to market changes, and their endogenous development momentum has continued to increase." According to Chen Bin, in recent years, the industry’s independent research and development results have been frequent, and a number of long-term Progress has been made in the localization of key basic components and core components that rely on imports.