TechNavio recognizes the following companies as the key players in the Machine Tool Market in China: Shenyang Machine Tools Co. Ltd., Dalian Machine Tool Group Corp., and Gildemeister AG.
Commenting on the report, an analyst from TechNavio’s Engineering team said: “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.”
According to the report, 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.
Further, the report states that 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 report also includes a discussion of the other vendors operating in this market. The other vendors in the market 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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/machine-tool-market-china-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-software
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report -Machine Tool Market in China 2012-2016
TechNavio recognizes the following companies as the key players in the Machine Tool Market in China: Shenyang Machine Tools Co. Ltd., Dalian Machine Tool Group Corp., and Gildemeister AG.
Commenting on the report, an analyst from TechNavio’s Engineering team said: “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.”
According to the report, 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.
Further, the report states that 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 report also includes a discussion of the other vendors operating in this market. The other vendors in the market 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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/machine-tool-market-china-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-software
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report -Machine Tool Market in China 2012-2016
