Opportunity is coming
At present, China's output of gears, chains, sprocket, solids, powder metallurgy and other products has ranked first in the world, and some still occupy a certain share in the international market. Moreover, due to the adjustment of the world economic structure, China has gradually become a manufacturing base for labour and raw material-intensive products. Most of the mechanical parts belong to such products, naturally attracting foreign buyers to purchase, and foreign manufacturers in China. The pace of investing in the establishment of parts and components companies is also accelerating, with most of their products being exported and the other being sold domestically. With the further integration of domestic and foreign markets and the advent of global procurement of spare parts, China's machinery parts and components industry is ushering in a new opportunity for development. This is the reason why experts are optimistic about the development prospects of China's general machinery parts industry.
Upgrade grade
Experts believe that the international procurement of mechanical parts has become a trend. China has relatively cheap labor and raw material resources and will inevitably become an international procurement target. This will provide opportunities for China's mechanical parts and components to occupy larger overseas markets in the next step. However, because most of our export products are of low grade and low technical content, the amount of foreign exchange is not high, despite the large volume of exports. The technical content and quality of export products need to be further improved.
At the same time, the phenomenon that the import growth rate of mechanical parts and components is faster than that of export growth in recent years deserves attention. This is because China is not only a big country in the production and manufacture of general-purpose parts for machinery, but also a big consumer country. Many products with high technological levels cannot be manufactured in China and rely on imports. Such as the use of automatic transmissions for cars, the price is expensive, all have to be imported, and there are similar cases for solid parts for automobiles. Therefore, adjusting the product structure and improving product quality and level are still the highlight of the industry.
Increase technological transformation
According to reports, in order to take the initiative in a new round of development, many mechanical parts and components companies have stepped up their technical innovations, have purchased new equipment, adopted new processes and materials, and improved the level of information management. Make the overall technical level of the industry to a new level. For example, the gear industry imports an average of more than 100 million U.S. dollars in gear processing machinery each year. The basic construction and technological transformation of chain enterprises have shifted from the expansion of quantity to the improvement of quality. In the past few years, the general SMEs began to pay attention to the transformation and rejuvenation of old equipment and the investment in advanced equipment. Large and medium-sized backbone enterprises in the technical reform on the one hand according to their actual needs to make up for vacancies, on the other hand, on the basis of summing up experience and bold innovation. The total investment in technological transformation of the entire industry exceeds 300 million yuan each year.
Integration industry experts pointed out that while the former state-owned enterprises in the industry have undergone restructuring, reorganization, or joint-stock reforms, the rapid rise of private enterprises and joint-stock companies has become the main force of the mechanical parts and components industry. At present, over 85% of major key enterprises in China's solids, chains, sprockets, powder metallurgy, springs, and transmission couplings are private or joint-stock enterprises, and almost no state-owned enterprises.
The pace of corporate mergers and reorganizations in China's machinery parts and components industry is also accelerating. Some small-scale enterprises in the powder metallurgy industry began to be merged by large companies; the spring and chain industries also merged or reorganized, and new enterprise groups began to emerge. Experts believe that mergers and acquisitions will help improve the competitiveness of enterprises and the professional division of labor among enterprises, help to optimize the industrial structure and improve the overall level of the industry.
General parts industry will maintain a 20% increase this year
“Although the growth rate of the industry has declined somewhat in the first two months of this year due to the influence of the national macro-control policies and material inflation factors, this year and the next few years will not change with the continued development of China's machinery parts and components industry. It is expected that the growth rate will increase. Stay at 20%." This is the judgement made by experts of the China Machinery General Components Industry Association on the general trend of China's general machinery parts industry.