Global market share of mechanical parts processing plants

       After China’s reform and opening up, a large number of foreign-funded enterprises in the field of precision machinery parts processing have poured into the Chinese market, which has also triggered a wave of opening up of domestic machinery parts processing plants. At the same time, China’s urbanization and industrialization have also spawned huge demand for related precision machinery. The parts processing manufacturing industry is booming. For example, parts processing fields such as steel, building materials, construction machinery, and heavy trucks currently account for 30% of the global market.

       If you do a comprehensive review in the precision mechanical parts processing industry, you will find a lot of interesting data. China's parts processing and manufacturing account for more than 50% of the global market share, 67% of home appliances, and China's parts processing and manufacturing, which account for 30-50% of the global market, 49% of aluminum, 44% of electrical equipment, 40% of steel equipment, and heavy trucks for construction machinery. 39%, 32% of metals and non-metals, 30% of industrial machinery, processing and manufacturing of Chinese spare parts, which account for 20-30% of the global market. Including 27% of electronic components, 27% of auto parts, 26% of electronic equipment, 21% of communication equipment, and 20% of motorcycles.

       The global market share of listed companies in the field of Chinese precision machinery parts processing reflects the complexity of Chinese manufacturing, from scratch, from weak to strong. With the traces of the global development model, a new economy dominated by innovation is also beginning to emerge.

       On the one hand, in the early stages of globalization, China did not bring about the transfer of precision technology during the transfer of parts processing and production, and the overall technical strength of mechanical parts processing plants was not very high. Most of China's precision machinery parts processing are in and downstream of the global value chain. On the other hand, my country's mechanical parts processing plants have gradually accumulated technical capabilities in the terminal production process, and have independent research and development capabilities on this basis. Become the basis for the innovation iteration of spare parts processing.