Assessment of China's Market for Industrial Gearboxes
BEIJING- February 20, 2010 –The gearboxes market in China is estimated to be worth around RMB 45 Bn at the end of 2009, a new study by GCiS shows. The market grew from RMB 35 Bn in 2008, representing a growth rate of close to 20%. The gearboxes industry is a large, fast growing market that is driven by demand from heavy industries, particularly the construction industry and its related markets. Gearboxes are used in major heavy industrial environments that involve mechanized processes and automation; as a result the industry has grown rapidly along with China’s pace of industrialization. The market is expected to grow to over RMB 70 Bn by YE 2014.
The industry is characterized by concentration of market share in a large group of higher tier producers, mostly domestic, that compete with each other intensely. There are many large suppliers of comparable size and market share. Aside from a few exceptionally large firms, foreign companies play a smaller role in the gearboxes market, which is dominated by large domestic players who are rapidly improving their technology.
About the GCIS China Gearboxes Study
This GCiS market study draws on a three month, in-depth primary survey of over 100 of the market’s supply side, channel players and end-users. It is essential reading for any professional needing accurate and detailed strategic information on this market. Major areas covered include: market size and shares, five-year projections, market structure, new vs. replacement sales, pricing trends, distribution, consumption, an assessment of key suppliers and more.
The industry is characterized by concentration of market share in a large group of higher tier producers, mostly domestic, that compete with each other intensely. There are many large suppliers of comparable size and market share. Aside from a few exceptionally large firms, foreign companies play a smaller role in the gearboxes market, which is dominated by large domestic players who are rapidly improving their technology.
About the GCIS China Gearboxes Study
This GCiS market study draws on a three month, in-depth primary survey of over 100 of the market’s supply side, channel players and end-users. It is essential reading for any professional needing accurate and detailed strategic information on this market. Major areas covered include: market size and shares, five-year projections, market structure, new vs. replacement sales, pricing trends, distribution, consumption, an assessment of key suppliers and more.
CHAPTER 1 INTRODUCTION
I. INTRODUCTION
LPS Overview
Sections of the Study
Sampling
Figure 1.1: Total Sampling by Target Group
Supplier Sampling
Figure 1.2: Index of Size Breakdown Scheme
Figure 1.3: Proportion of Suppliers in Sample, by Category
Channel Players Sampling and Segmentation Definition
Sampling – Suppliers and Distributors
Figure 1.4: Supplier Sample Representation
Figure 1.5: Channel Player Sample Representation
Product Definitions
End-user Industry Definitions
II. DEFINITIONS AND PROCESS
Abbreviations
Figure 1.6: Glossary of Industry Terms in English and Chinese
Open and Closed Questions
Methodology: Segmentation of the Gearboxes Market
Figure 1.7: GCiS Standard China Geographic Segmentation
GCiS Regional Segmentation
Locations by Tier in China
A Note on China’s Key Industrial Output Areas
Pearl River Delta
Figure 1.8: Overview: The Pearl River Delta
Yangtze River Delta
Figure 1.9: Overview: The Yangtze River Delta
Bohai Rim Economic Zone
Figure 1.10: Overview: The Bohai Rim
About Limited Publication Studies
CHAPTER 2 TOTAL ANALYSIS
I. EXECUTIVE SUMMARY
Market in Sum
Figure 2.1: Summary of Key Market Figures
Figure 2.2: Market Size and Share by Industry
Figure 2.3: Key Benchmark Data
Market Entry Issues
Figure 2.4: Snapshot of Key Market Entry Issues
Key Findings
Market Drivers, Inhibitors (pertains to foreign suppliers)
Key Market Drivers for Gearboxes
Key Market Inhibitors for Gearboxes
Figure 2.5: Drivers and Inhibitors – Chart
Explanation
Regulatory Factors
Figure 2.6: Relevant Government Bodies
Figure 2.7: Related Bodies and Organizations
Government Enforcement and Regulation of Overcapacity
Opportunities in Target Market
Figure 2.8: GCiS China Market Opportunities Assessment (by Market Segment)
Opportunity Matrix
Figure 2.9: Market Opportunities for Foreign / Quality Suppliers by Industry
Figure 2.10: Opportunity Qualitative & Quantitative Assessment -Industry
Figure 2.11: Product Opportunities for Foreign / Quality Suppliers
Figure 2.12: Opportunity Qualitative & Quantitative Assessment –Product
Corporate and Regulatory News
Expert Views
Recommendations
II. MARKET FIGURES
Key Findings
Market Figures Overview
Figure 2.13: Gearbox Market Segmentation - 2009
Figure 2.14: Summary of Market Size Figures (RMB Bn) - Chart 2009
Supply-end Market Outlook
Figure 2.15: Total Market Revenues by Product (RMB Bn)
Figure 2.16: Percentage of Market revenues by Product - Chart
Locations: Sales by Region / Exports
Figure 2.17: Domestic Sales and Exports (RMB Bn) 2009
Figure 2.18: Domestic and Export Revenue Breakdown (RMB Bn) 2009
Domestic market Revenues by Application
Figure 2.19: Total revenues by Application (RMB Bn) 2009
Figure 2.20: Total revenues by Product Type 2009
Figure 2.21: Total Revenues by Industry Segment
Figure 2.22: Percentages of Total Revenue by End User Industry 2009
Market Shares
Figure 2.23: Estimated Market Share of Gearbox Suppliers by Company
Figure 2.24: Estimated Market Share of Gearbox by Supplier - Chart
Regional Sales
Figure 2.25: Sales by Industry and Region
Growth Rates and Forecasts
Figure 2.26: 2008-2014 Gearboxes Market Size by Product Type
Figure 2.27: Gearboxes China Market Size (2008-2014)
Figure 2.28: Year-on-Year Growth Rates for Projection Period
Figure 2.29: Crane Industry on Year Growth
Figure 2.30: Crane Industry Year on Year Growth – Chart
Figure 2.31: Construction Industry Year on Year Growth
Figure 2.32: Construction Industry Year on Year Growth – Chart
Figure 2.33: Wind, Hydro and Nuclear Power Year on Year Growth
Figure 2.34: Wind, Hydro and Nuclear Power Year on Year Growth - Chart
Figure 2.35: Steel Industry Year on Year Growth
Figure 2.36: Steel Industry Year on Year Growth – Chart
Figure 2.37: Light Industries Consolidated Year on Year Growth
Figure 2.38: Light Industries Consolidated Year on Year Growth – Chart
Figure 2.39: Cement Industry Year on Year Growth
Figure 2.40: Cement Industry Year on Year Growth – Chart
Figure 2.41: Shipbuilding Industry Year on Year Growth
Figure 2.42: Shipbuilding Industry Year on Year Growth – Chart
III. COMPETITIVE ANALYSIS
Key Points
Dynamics of this Market
Concentration of Suppliers
Foreign vs. Domestic Suppliers
Figure 2.43: Foreign and Domestic Market Shares
Gearbox Suppliers
Multinationals
Leading Domestic Suppliers
Summary of Customers
End User Industries
Figure 2.44: End-user Spending on Product by Industry
Wind Power
Steel
Shipbuilding
Cement
Crane
Light Industries
Five-Force Analysis
Figure 2.45: Five Forces Analysis
Market by Tier
Figure 2.46: Revenues and Sales Penetration by Company Type
Figure 2.47: Revenue Market Share by Tier
IV. CHANNEL ANALYSIS
Key Findings
Summary of Gearboxes Channel Players
Figure 2.48: Key Channel Players Listed and Compared
Channel Player Sales
Figure 2.49: Channel Player Revenues by Supplier
Market Value Chain
Figure 2.50: China Gearboxes Market Value Chain
Value Chain Explained
Revenues by Region and Application – Supplier Comparison
Figure 2.51: Percentage of Revenues by End User Industry – Suppliers and Channel Players
Supply-side Relations
Figure 2.52: Details of Channel Players’ Relationships with Suppliers
Scope of Services
Figure 2.53: Average Percentage of Services Provided – Chart
CHAPTER 3: SEGMENT ANALYSIS
1. HIGH POWER GEARBOXES
Key Findings
Figure 3.1: Average Revenues, Output, Growth and Pricing by Market Tier
Supplier Overview
Leading Suppliers – High Power Gearboxes
Figure 3.2: Leading Suppliers by Revenue and Product Type 2008
Figure 3.3: Revenues of Leading Suppliers by End User Industry 2008
High Power Gearboxes Market by Region
Figure 3.4: High Power Gearboxes Sales Revenues by Region – Chart
Figure 3.5: High Power Gearboxes Sales Revenues by Region
Figure 3.6: Total Market Revenue Streams by Percentage – HP
Figure 3.7: Distribution of Foreign and Domestic Sales by Region (%) - HP
Figure 3.8: Percentage of Foreign and Domestic Sales in Each Region - HP
Market by End User Application
Figure 3.9: Percentage of Revenues by End User Industry - HP
Figure 3.10: Distribution of Each Product Type by End User Industry - HP
Figure 3.11: Revenues in End User Industry by Company Size RMB (Mn)
Figure 3.12: Domestic Revenues and Output by End User Industry –HP
Exports
Market Shares
Figure 3.13: Leading Suppliers’ Market Shares by Revenue and Output –HP
Figure 3.14: Leading Suppliers’ Market Shares by Revenue and Output (%) – Chart - HP
Channel Players and Influencers
Market Dynamics
Figure 3.15: Distribution of Sales through Channel Players – HP
Sales Channels – High Power Gearboxes
Figure 3.16: Market Flow for High Power Gearboxes – Chart
Growth and Projections
Figure 3.17: 2008 - 2014 Market Forecasts (RMB Bn) – HP
Figure 3.18: 2008 - 2014 Market Size by End User Industry – Projections (RMB Bn) –HP
Product and Price Comparison
Figure 3.19: Example of Products of High Power Gearboxes Suppliers
Figure 3.20: Average Prices (RMB) – HP
Market Outlook
Pricing Trends
Figure 3.21: Expectations of Industry Pricing Trends by Foreign and Domestic Suppliers – HP
2. LOW POWER GEARBOXES
Key Findings
Figure 3.22: Average Revenues, Output, Growth and Pricing by Market Tier
Supplier Overview
Leading Suppliers - Low Power Gearboxes
Figure 3.23: Leading Suppliers by Revenue and Product Type 2008 (RMB Mn) – LP
Figure 3.24: Leading Suppliers by End Users Industry 2008 (RMB Mn) – LP
Low Power Gearboxes Market by Region
Figure 3.25: Low Power Gearboxes Sales Revenues by Region – Chart
Figure 3.26: Low Power Gearboxes Sales Revenues by Region
Figure 3.27: Total Market Revenue Streams by Percentage - LP
Figure 3.28: Distribution of Foreign and Domestic Sales by Region (%) – LP
Figure 3.29: Percentage of Foreign and Domestic Sales in Each Region – LP
Market by End User Application
Figure 3.30: Percentage of Revenues by End User Industry (%) – LP
Figure 3.31: Distribution of Each Product Type by End User Industry – LP
Figure 3.32: Revenues in End User Industry by Company Size RMB –LP
Figure 3.33: Domestic Revenues and Output by End User Industry – LP
Exports
Market Shares
Figure 3.34: Leading Suppliers’ Market Shares by Revenue and Output-LP
Figure 3.35: Leading Suppliers’ Market Shares by Revenue and Output (%) – Chart – LP
Channel Players and Influencers
Market Dynamics
Figure 3.36: Distribution of Sales through Channel Players – LP
Sales Channels – Low Power Gearboxes
Figure 3.37: Market Flow for Low Power Gearboxes – Chart
Growth and Projections
Figure 3.38: 2008 - 2014 Market Forecasts (RMB Bn) – LP
Figure 3.39: 2008 – 2014 Market Size by End User Industry – Projections (RMB) – LP
Product and Price Comparison
Figure 3.40: Example of Products of Low Power Gearboxes Suppliers
Figure 3.41: Average Prices (RMB) – LP
Market Outlook
Pricing Trends
Figure 3.42: Expectations of Industry Pricing Trends by Foreign and Domestic Suppliers – LP
APPENDIX I: SUPPLIER PROFILES
List of Suppliers in this Appendix
Bonfiglioli Drirves (Shanghai)
Changzhou Guomao Reducer Group Co.
China National Erzhong Group
Chongqing Gearbox
Dalian Huarui Stock
Hangzhou Qianjin Gearboxes
Jiangsu Tailong Machinery Group Company
Jiangsu Taixing Reduction Gear Works
Moventas
Nanjing Highspeed and Accurate Gears
Shanghai Nantong Heavy Gearbox Factory
Ningbo Donly Transmission Equipment
SEW EURODRIVE
Sumitomo Drice Technology
Siemens Mechanical Drive Systems
Siemens Winergy Drive Systems
LIST OF CONTACTS
I. INTRODUCTION
LPS Overview
Sections of the Study
Sampling
Figure 1.1: Total Sampling by Target Group
Supplier Sampling
Figure 1.2: Index of Size Breakdown Scheme
Figure 1.3: Proportion of Suppliers in Sample, by Category
Channel Players Sampling and Segmentation Definition
Sampling – Suppliers and Distributors
Figure 1.4: Supplier Sample Representation
Figure 1.5: Channel Player Sample Representation
Product Definitions
End-user Industry Definitions
II. DEFINITIONS AND PROCESS
Abbreviations
Figure 1.6: Glossary of Industry Terms in English and Chinese
Open and Closed Questions
Methodology: Segmentation of the Gearboxes Market
Figure 1.7: GCiS Standard China Geographic Segmentation
GCiS Regional Segmentation
Locations by Tier in China
A Note on China’s Key Industrial Output Areas
Pearl River Delta
Figure 1.8: Overview: The Pearl River Delta
Yangtze River Delta
Figure 1.9: Overview: The Yangtze River Delta
Bohai Rim Economic Zone
Figure 1.10: Overview: The Bohai Rim
About Limited Publication Studies
CHAPTER 2 TOTAL ANALYSIS
I. EXECUTIVE SUMMARY
Market in Sum
Figure 2.1: Summary of Key Market Figures
Figure 2.2: Market Size and Share by Industry
Figure 2.3: Key Benchmark Data
Market Entry Issues
Figure 2.4: Snapshot of Key Market Entry Issues
Key Findings
Market Drivers, Inhibitors (pertains to foreign suppliers)
Key Market Drivers for Gearboxes
Key Market Inhibitors for Gearboxes
Figure 2.5: Drivers and Inhibitors – Chart
Explanation
Regulatory Factors
Figure 2.6: Relevant Government Bodies
Figure 2.7: Related Bodies and Organizations
Government Enforcement and Regulation of Overcapacity
Opportunities in Target Market
Figure 2.8: GCiS China Market Opportunities Assessment (by Market Segment)
Opportunity Matrix
Figure 2.9: Market Opportunities for Foreign / Quality Suppliers by Industry
Figure 2.10: Opportunity Qualitative & Quantitative Assessment -Industry
Figure 2.11: Product Opportunities for Foreign / Quality Suppliers
Figure 2.12: Opportunity Qualitative & Quantitative Assessment –Product
Corporate and Regulatory News
Expert Views
Recommendations
II. MARKET FIGURES
Key Findings
Market Figures Overview
Figure 2.13: Gearbox Market Segmentation - 2009
Figure 2.14: Summary of Market Size Figures (RMB Bn) - Chart 2009
Supply-end Market Outlook
Figure 2.15: Total Market Revenues by Product (RMB Bn)
Figure 2.16: Percentage of Market revenues by Product - Chart
Locations: Sales by Region / Exports
Figure 2.17: Domestic Sales and Exports (RMB Bn) 2009
Figure 2.18: Domestic and Export Revenue Breakdown (RMB Bn) 2009
Domestic market Revenues by Application
Figure 2.19: Total revenues by Application (RMB Bn) 2009
Figure 2.20: Total revenues by Product Type 2009
Figure 2.21: Total Revenues by Industry Segment
Figure 2.22: Percentages of Total Revenue by End User Industry 2009
Market Shares
Figure 2.23: Estimated Market Share of Gearbox Suppliers by Company
Figure 2.24: Estimated Market Share of Gearbox by Supplier - Chart
Regional Sales
Figure 2.25: Sales by Industry and Region
Growth Rates and Forecasts
Figure 2.26: 2008-2014 Gearboxes Market Size by Product Type
Figure 2.27: Gearboxes China Market Size (2008-2014)
Figure 2.28: Year-on-Year Growth Rates for Projection Period
Figure 2.29: Crane Industry on Year Growth
Figure 2.30: Crane Industry Year on Year Growth – Chart
Figure 2.31: Construction Industry Year on Year Growth
Figure 2.32: Construction Industry Year on Year Growth – Chart
Figure 2.33: Wind, Hydro and Nuclear Power Year on Year Growth
Figure 2.34: Wind, Hydro and Nuclear Power Year on Year Growth - Chart
Figure 2.35: Steel Industry Year on Year Growth
Figure 2.36: Steel Industry Year on Year Growth – Chart
Figure 2.37: Light Industries Consolidated Year on Year Growth
Figure 2.38: Light Industries Consolidated Year on Year Growth – Chart
Figure 2.39: Cement Industry Year on Year Growth
Figure 2.40: Cement Industry Year on Year Growth – Chart
Figure 2.41: Shipbuilding Industry Year on Year Growth
Figure 2.42: Shipbuilding Industry Year on Year Growth – Chart
III. COMPETITIVE ANALYSIS
Key Points
Dynamics of this Market
Concentration of Suppliers
Foreign vs. Domestic Suppliers
Figure 2.43: Foreign and Domestic Market Shares
Gearbox Suppliers
Multinationals
Leading Domestic Suppliers
Summary of Customers
End User Industries
Figure 2.44: End-user Spending on Product by Industry
Wind Power
Steel
Shipbuilding
Cement
Crane
Light Industries
Five-Force Analysis
Figure 2.45: Five Forces Analysis
Market by Tier
Figure 2.46: Revenues and Sales Penetration by Company Type
Figure 2.47: Revenue Market Share by Tier
IV. CHANNEL ANALYSIS
Key Findings
Summary of Gearboxes Channel Players
Figure 2.48: Key Channel Players Listed and Compared
Channel Player Sales
Figure 2.49: Channel Player Revenues by Supplier
Market Value Chain
Figure 2.50: China Gearboxes Market Value Chain
Value Chain Explained
Revenues by Region and Application – Supplier Comparison
Figure 2.51: Percentage of Revenues by End User Industry – Suppliers and Channel Players
Supply-side Relations
Figure 2.52: Details of Channel Players’ Relationships with Suppliers
Scope of Services
Figure 2.53: Average Percentage of Services Provided – Chart
CHAPTER 3: SEGMENT ANALYSIS
1. HIGH POWER GEARBOXES
Key Findings
Figure 3.1: Average Revenues, Output, Growth and Pricing by Market Tier
Supplier Overview
Leading Suppliers – High Power Gearboxes
Figure 3.2: Leading Suppliers by Revenue and Product Type 2008
Figure 3.3: Revenues of Leading Suppliers by End User Industry 2008
High Power Gearboxes Market by Region
Figure 3.4: High Power Gearboxes Sales Revenues by Region – Chart
Figure 3.5: High Power Gearboxes Sales Revenues by Region
Figure 3.6: Total Market Revenue Streams by Percentage – HP
Figure 3.7: Distribution of Foreign and Domestic Sales by Region (%) - HP
Figure 3.8: Percentage of Foreign and Domestic Sales in Each Region - HP
Market by End User Application
Figure 3.9: Percentage of Revenues by End User Industry - HP
Figure 3.10: Distribution of Each Product Type by End User Industry - HP
Figure 3.11: Revenues in End User Industry by Company Size RMB (Mn)
Figure 3.12: Domestic Revenues and Output by End User Industry –HP
Exports
Market Shares
Figure 3.13: Leading Suppliers’ Market Shares by Revenue and Output –HP
Figure 3.14: Leading Suppliers’ Market Shares by Revenue and Output (%) – Chart - HP
Channel Players and Influencers
Market Dynamics
Figure 3.15: Distribution of Sales through Channel Players – HP
Sales Channels – High Power Gearboxes
Figure 3.16: Market Flow for High Power Gearboxes – Chart
Growth and Projections
Figure 3.17: 2008 - 2014 Market Forecasts (RMB Bn) – HP
Figure 3.18: 2008 - 2014 Market Size by End User Industry – Projections (RMB Bn) –HP
Product and Price Comparison
Figure 3.19: Example of Products of High Power Gearboxes Suppliers
Figure 3.20: Average Prices (RMB) – HP
Market Outlook
Pricing Trends
Figure 3.21: Expectations of Industry Pricing Trends by Foreign and Domestic Suppliers – HP
2. LOW POWER GEARBOXES
Key Findings
Figure 3.22: Average Revenues, Output, Growth and Pricing by Market Tier
Supplier Overview
Leading Suppliers - Low Power Gearboxes
Figure 3.23: Leading Suppliers by Revenue and Product Type 2008 (RMB Mn) – LP
Figure 3.24: Leading Suppliers by End Users Industry 2008 (RMB Mn) – LP
Low Power Gearboxes Market by Region
Figure 3.25: Low Power Gearboxes Sales Revenues by Region – Chart
Figure 3.26: Low Power Gearboxes Sales Revenues by Region
Figure 3.27: Total Market Revenue Streams by Percentage - LP
Figure 3.28: Distribution of Foreign and Domestic Sales by Region (%) – LP
Figure 3.29: Percentage of Foreign and Domestic Sales in Each Region – LP
Market by End User Application
Figure 3.30: Percentage of Revenues by End User Industry (%) – LP
Figure 3.31: Distribution of Each Product Type by End User Industry – LP
Figure 3.32: Revenues in End User Industry by Company Size RMB –LP
Figure 3.33: Domestic Revenues and Output by End User Industry – LP
Exports
Market Shares
Figure 3.34: Leading Suppliers’ Market Shares by Revenue and Output-LP
Figure 3.35: Leading Suppliers’ Market Shares by Revenue and Output (%) – Chart – LP
Channel Players and Influencers
Market Dynamics
Figure 3.36: Distribution of Sales through Channel Players – LP
Sales Channels – Low Power Gearboxes
Figure 3.37: Market Flow for Low Power Gearboxes – Chart
Growth and Projections
Figure 3.38: 2008 - 2014 Market Forecasts (RMB Bn) – LP
Figure 3.39: 2008 – 2014 Market Size by End User Industry – Projections (RMB) – LP
Product and Price Comparison
Figure 3.40: Example of Products of Low Power Gearboxes Suppliers
Figure 3.41: Average Prices (RMB) – LP
Market Outlook
Pricing Trends
Figure 3.42: Expectations of Industry Pricing Trends by Foreign and Domestic Suppliers – LP
APPENDIX I: SUPPLIER PROFILES
List of Suppliers in this Appendix
Bonfiglioli Drirves (Shanghai)
Changzhou Guomao Reducer Group Co.
China National Erzhong Group
Chongqing Gearbox
Dalian Huarui Stock
Hangzhou Qianjin Gearboxes
Jiangsu Tailong Machinery Group Company
Jiangsu Taixing Reduction Gear Works
Moventas
Nanjing Highspeed and Accurate Gears
Shanghai Nantong Heavy Gearbox Factory
Ningbo Donly Transmission Equipment
SEW EURODRIVE
Sumitomo Drice Technology
Siemens Mechanical Drive Systems
Siemens Winergy Drive Systems
LIST OF CONTACTS
