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China Occupies 40% of Plastic Injection Molding Machine Share

Number of visits: Date:2010-07-21 16:23

Abstract:

Research In China, a portal for Chinese business intelligence, announced the release of a

new report - Global and China Plastic Injection Molding Machine Industry Report, 2009-2010.

Plastic injection molding machine (also known as injection molding machine or injection

machine) accounts for the largest share - 40% in China and 50-80% in Germany, Japan and the

USA - in the total output of plastic processing machinery.

The global plastic injection molding machine market has developed at an annual average rate

of 3.5% in recent years with the output in 2006 reaching 91,480 and in 2007 hitting

approximate 97,250. However, the output experienced continuous downslide in both 2008 and

2009 by 10% and 5%, respectively because of global financial crisis.

In 2009, the domestic demand market of plastic injection molding machine in China grew

steadily yet, the output was increased by 9.2% and the sales volume was raised by 9.0%. The

major reasons can be divided as follows:

* The market slowed down in 2008 and the cardinal number of the industry was relatively

low;
       * The demand of downstream industries such as building materials, home appliances and

electronic communication was on the increase;
       * Chinese government adopted a series of significant measures like domestic demand

expansion, economic development promotion, industrial revitalization planning, etc;
       * The nation practiced value added tax reform so as to encourage the equipment investment

of enterprises.

On the contrary, the import & export market of Chinese plastic injection molding machine in

2009 was not so optimistic, the import and export volumes throughout the year were declined

by 49.1% and 39.3%, respectively.

Based on Chinese market, this report summarizes the development of global plastic injection

molding machine market and gives priority to the production, sales, import & export, market

competition and market segments of Chinese plastic injection molding machine. In addition,

the report probes deeply into major production areas and 13 key enterprises in Chinese

plastic injection molding machine market.

The production of plastic injection molding machine in China takes on conspicuous regional

characteristics, Ningbo (Zhejiang) and Dongguan (Guangdong) turn out to be the major

production bases of plastic injection molding machine in China and even across the world.

Especially Ningbo (Zhejiang), the output of plastic injection molding machine of which

occupies a half of Chinese market and enjoys 1/3rd of global market shares. Beilun Plastic

Injection Molding Machine Industry Base as the core production area in Ningbo is home to

dozens of key enterprises including Haitian International, The Chen Hsong Group, L.K.

Group, Germany's Demag and Japan's Sumitomo Heavy Industries. The sales of plastic

injection molding machine in Beilun District, Ningbo in 2009 reached RMB6.4 billion,

accounting for 45% of the total sales nationwide, while the profit hit 50% or so of the

national total.

About ResearchInChina

ResearchInChina was established in 1999, and is an independent provider of China business

intelligence. Its research is designed to meet the diverse planning and information needs

of businesses, institutions, and professional investors worldwide. Its services are used in

a variety of ways, including strategic planning, product and sales forecasting, risk and

sensitivity management, and as investment research. The company has over 500 clients

worldwide, including the commercial and investment banks; insurance companies; research

institutions; financial services firms; mutual funds; manufacturers; utilities; and

industrial and technology clients.
 

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