China rubber machinery industry development profile

Over the years, China's rubber machinery industry has experienced rapid growth, with production and sales surging significantly. This upward trend reflects a period of accelerated development, and Chinese rubber machinery is now gaining global recognition, establishing itself as a major player in the international market.

In 2004, the industry saw its sales revenue surpass 6 billion yuan, marking a significant leap forward. Among these, 26 key companies generated 4.57 billion yuan in revenue, a 57% increase compared to the previous year. Export delivery value reached 453 million yuan, up by an impressive 171%, while the sales rate hit an impressive 99.2%. By 2005, although the growth rate slowed down compared to 2003 and 2004, profits continued to rise, and export earnings also increased substantially.

In 2006, the top 29 enterprises in China’s rubber machinery sector achieved an output value of 5.26 billion yuan, up 16.1% from the previous year. Sales revenue totaled 5.248 billion yuan, an increase of 14.8%. As a result, the overall sales revenue for the industry reached 7.2 billion yuan, showing a 10.8% year-on-year growth.

In the first half of 2007, the 25 major rubber machinery companies recorded sales revenue of 2.686 billion yuan, a 17.4% increase compared to the same period the previous year. Profitability also rose sharply, with a 53.7% year-on-year increase, indicating that the economic performance of the industry was improving further.

Despite this progress, the industry still faces challenges. Technological innovation and industrialization capabilities need to be enhanced. Most existing patents are held by a small number of companies, primarily focusing on vulcanizers and molding machines, which creates a gap compared to foreign competitors. However, there is still considerable potential in the practical application of scientific and technological achievements. Additionally, brand awareness and international influence remain low, limiting the industry's ability to become truly strong. Many companies are progressing slowly in terms of globalization, and after-sales service is weak, lacking a comprehensive global support system.

To move forward, Chinese rubber machinery manufacturers must build their own innovation systems, invest more in product development, and create new products with independent intellectual property. They should adopt a global market mindset, accelerating the shift from domestic factories to international companies. At the same time, they must focus on building strong brands, aiming to establish China’s rubber machinery as a globally recognized name.

During the "Eleventh Five-Year Plan" period, the rubber industry underwent a full transformation, creating new demands and opportunities for domestic machinery manufacturers. These companies need to keep pace with the technical advancements in rubber products, especially in non-tire sectors, to develop in line with the broader rubber industry. By 2010, China aimed to produce 300 million tires annually, with a radial tire rate of 70%. All-steel tires were expected to develop tubeless and metric versions, while semi-steel tires would focus on wide-section and high-speed models. This required the development of new equipment that met safety, energy efficiency, and environmental standards. In addition to tire machinery, companies should expand into non-tire rubber products to diversify their offerings.

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