Pune, Maharashtra -- (SBWIRE) -- 02/05/2019 -- Standard parts for tool making Market Dynamics
From a global perspective, China is among the largest consumers of machine tools, including both metal cutting and metal forming tools. This is due to the fact that the manufacturing industry as a whole has been thriving positively in the country post the recession of 2009. Some of the important drivers contributing the growth of standard parts for tool making in China include dual growth of automotive & auto parts industry, initiation & rise of aircraft production in the country, improvements in foreign direct investments (FDI) & foreign invested enterprises (FIE) inflows, growth in fixed asset investment and others. Some of the opportunities for the manufacturers of standard parts to tap onto in order to increase the revenue returns include development new schemes such as China Manufacturing 2025 (CM2025) Initiative to increase manufacturing activities in the country. The market of standard parts in China faces competition from both developed and emerging economies which can attributed to customers preference towards quality parts that are available outside China, as well as increasing labor costs in the country can influence shifting of parts manufacturing outside China
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Standard parts for tool making Market Segmentation
Standard parts for machine tools in China is segmented on the basis of component type, application, end use industry and sales channel. Looking at the component type segmentation, it is clear that among all the components taken into consideration, the segment that takes up the majority of market share in terms of value are punches & dies. This is due to the fact that these parts are used the most in metal forming tools in addition to incurring the highest price point which can also vary based the size of the component thereby taking up nearly 41% of the total value share in 2017.
The largest users of metal forming tools are the automotive industry including third party workshops that provides parts to the same, hence in the end use industry segment, automotive industry in 2017 takes up nearly 48% and is expected to increase its market share by the end of 2028 with a value CAGR growth of 4.5%.
If we look into the sales channel segment, direct sales segment takes up more than half of the market share is expected to dominate throughout the forecast period registering a CAGR of 4.1%. However, the fastest growing segment among all in this category is taken up by online sales segment with an expected CAGR of 4.6% in terms of value from 2018 to 2028.
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Standard parts for tool making Market Participants
Some of the key players covered in standard parts for tool making market operating in China include MISUMI Group Inc., Barnes Group Inc., Erwin Halder KG, Meusburger Georg GmbH & Co KG, Läpple AG, Hong Yue Mold Fittings Ltd., Shenzhen QH Industrial Co., Ltd., Hongkai Precision Metal Stamping Tool And Product Co., Ltd., Agathon AG, STRACK NORMA GmbH & Co. KG., Changsha Borun Mould Co., Ltd., NITROGAS, S.A.U., DADCO, Inc., Jiashan Honglida Sliding Bearing Co., Ltd. among others.
Table of Contents Covered in the report are:
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. Fact.MR Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
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3. China Standard Parts for Tool Making Market Analysis Scenario
3.1. Introduction
3.1.1. Market Volume Projections
3.1.2. Market Size and Y-o-Y Growth
3.1.3. Absolute $ Opportunity
3.2. Pricing Analysis, 2017
3.3. Macro-Economic Factors
3.4. Global Machine Tool Outlook
3.5. China Machine Tool Outlook
3.6. China Manufacturing PMI 2012-2018
3.7. Import-Export Scenario of General Machinery
3.8. What Market Participants are saying?
3.9. Key Strategies for Growth
3.10. Value Chain Analysis
3.11. Market Dynamics
3.11.1. Drivers
3.11.2. Restraints
3.11.3. Opportunities
3.12. Porters' Five Forces Analysis
3.13. PESTEL Analysis
3.14. Forecast Factors: Relevance and Impact
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4. China Standard Parts for Tool Making Market Analysis 2013–2017 and Forecast 2018–2028, By Component Type
4.1. Introduction / Key Findings
4.2. Historical Market Size (US$ Mn) and Volume ('000 Units) Trend Analysis By Component Type, 2013–2017
4.3. Current Market Size (US$ Mn) and Volume ('000 Units) Forecast By Component Type, 2018–2028
4.3.1. Guide Pillars
4.3.2. Bushes & Cages
4.3.3. Die & Gas Springs
4.3.4. Punches & Dies
4.3.5. Pillar & Bush Blocks
4.3.6. Dowel Pins (Set of 100)
4.3.7. Steel Plates
4.3.8. Others (Set of 100)
4.4. Market Attractiveness Analysis By Component Type
4.5. Section Summary
5. China Standard Parts for Tool Making Market Analysis 2013–2017 and Forecast 2018–2028, By Application
5.1. Introduction / Key Findings
5.2. Historical Market Size (US$ Mn) and Volume ('000 Units) Trend Analysis By Application, 2013–2017
5.3. Current Market Size (US$ Mn) and Volume ('000 Units) Forecast By Application, 2018–2028
5.3.1. Stamping
5.3.2. Forming
5.3.3. Bending
5.3.4. Punching
5.3.5. Die-Casting
5.4. Market Attractiveness Analysis By Application
5.5. Section Summary
And Continue...
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