A look at south China's manufacturing market data in 2018

South China leverages unique geographical advantages to attract overseas investment and seize opportunities to develop with the beneficial government policies. Shenzhen is located in the heart of the Pearl River Delta, which is one of the strongest economical area in Asia. Based on this, ITES tried to process the manufacturing market data here.

Auto/Motor & Parts: 

The continuous growth of automobile production and sales drives the development of auto parts market. Chinese auto parts market is expected to reach 4.3 trillion RMB by 2019. As one of the country's three major auto production bases, Guangzhou is also a national auto and parts export base.

Metalworking:

In 2018, the market size of CNC machine tools in China was 338.89 billion RMB, with 10.7% yoy growth rate. In the next three years, the growth rate will still maintain between 10% - 12% due to the technological development and the recovery of downstream market. It is expected to exceed 500 billion RMB by 2022.

Die & Mould: 

Mold consumption in China was 255.5 billion RMB in 2018, accounting for about 1/3 of the world's mold consumption and 1/3 of the world's total mold output value. PRD region is one of the most concentrated regions of mold industry in China, and the largest province of Chinese mold manufacturing industry is Guangdong.

3C Products:

In 2018, the market size of China's home appliance industry was 948 billion RMB. The added value of the communication equipment manufacturing has increased by 13.8% yoy, and the shipments of smartphone were 390 million units. It is estimated that the investment in equipment of 3C manufacturing enterprises will reach 785.6 billion RMB by 2020, and the investment in equipment of new products will reach 392.8 billion RMB.

Home Appliances: 

The market size of home appliance in China reached to 810.4 billion RMB in 2018, with 1.9% yoy growth. PRD region has the largest home appliance manufacturing base in the world, and the home appliance industry is one of the most competitive pillar industries in Guangdong.

Logistics, Package, Printing:

The market size of China's automated logistics system will reach to 150 billion RMB in 2020. At present, China has become the world's second largest packaging products producer, but there is still a large potential in packaging machinery and automation upgrades. Packaging machinery product assortment still has 30-40% to fill. In the printing industry, the demands for consumables and high-end digital printers are still growing.

Horologe, Jewelry, Glasses:

The output of watches and clocks in China accounted for 83% and 91% of the world's output, and PRD region is one of the six major production areas of horologe. Guangdong ranks the first in the country's jewelry production, of which the output and sales of Shenzhen accounts for 70% in China. The market size of China's glasses industry was 93.3 billion RMB in 2018. Eyewear manufacturers are mainly located in Dongguan, Shenzhen, Xiamen and Wenzhou.

Medical Device, Biotechnology:

In 2018, the market size of medical device in China was 525 billion RMB, with 18% yoy growth. PRD region is one of the three major industrial clusters of medical devices. The output value of medical devices in Guangdong exceeded 150 billion RMB, and the average output value in Shenzhen was 62.4 million RMB, which is a double amount of national average.

New Energy:

In the first half of 2018, the power equipment and new energy industry achieved a revenue of 132.5 billion RMB, and it was expected to achieve continuous high growth from 2018 to 2020. Improvements on product quality and order quantity will be seen in related parts including silicon materials, silicon wafers, cells, photovoltaic glass, etc.

Optical Communication, Semiconductor:

In 2018, the market size of global optical device was about 73 billion RMB, of which China's market size of optical device was about 29 billion RMB, accounting for 39.8% of the market. Chinese semiconductor market has reached to 1.9 trillion RMB in 2018.

IIoT: 

In 2018, the market size of IIoT in China reached to 1.36 trillion RMB. With the development of 5G, IIoT will have a fast growth in the next few years, and the market scale of IIoT in China is expected to exceed 2 trillion RMB by 2021.

Office Automation:

China is the world's largest producer of OA equipment and a major exporter of electric motors, accounting for nearly 56% of market share in EU countries. In 2016, the total industrial output value of the industry was 72.3 billion RMB, with a yoy increase of 5.84%.