1. market size

According to data from Shangpu Consulting Group, in 2022, China's sawing machine production was 86000 units, an increase of 12.5 percent year-on-year, and consumption was 92000 units, an increase of 14.2 percent year-on-year. The market size reached 6.99 billion billion yuan, an increase of 16.8 percent year-on-year. In 2022, China's imports of sawing machines were 11000 units, up 18.4 percent year-on-year, with imports of 0.75 billion billion yuan, up 21.7 percent year-on-year; exports of 5000 units, up 15.6 percent year-on-year, and exports of 0.24 billion billion yuan, up 17.9 percent year-on-year. In 2022, China's sawing machine tool trade deficit was 0.51 billion yuan, an increase of 22.7 year-on-year.

It is estimated that in 2023, China's sawing machine production will reach 94000 units, up 9.3 percent year-on-year, consumption will reach 100000 units, up 8.7 percent year-on-year, and the market size will reach 7.6 billion billion yuan, up 8.7 percent year-on-year. In 2023, China's imports of sawing machines will reach 12000 units, an increase of 9.1 percent over the same period last year, imports will reach 0.8 billion billion yuan, an increase of 6.7 percent over the same period last year, exports will reach 6000 units, an increase of 20 percent over the same period last year, and exports will reach 0.28 billion billion yuan, an increase of 16.7 percent over the same period last year. In 2023, China's sawing machine trade deficit will narrow to 0.5 billion yuan, down 1.9 percent year-on-year.

2. development trend

(1) Recovery of domestic and foreign market demand

As a result of the epidemic, the global economy is in a downturn in 2020, investment in the manufacturing sector is curbed, and demand in the sawing machine industry is declining. With the promotion of vaccination and the adjustment of epidemic prevention and control policies, the global economy has begun to recover since 2021, manufacturing activity has rebounded, and demand in the sawing machine industry has gradually recovered.Global economic growth will slow to 3.4 per cent in 2022 from 6 per cent in 2021, and will continue to decline to 2.9 per cent throughout 2023.. Among them, the economic growth rate of emerging markets and developing economies will be higher than that of developed economies. This means that the global demand for sawing machines is expected to remain high in the next few years.

In the domestic market, with the optimization and adjustment of China's economic structure and the promotion of the upgrading and transformation of the manufacturing industry, the demand for high-efficiency, high-precision and high-automation sawing machines is increasing.In 2021, China's manufacturing value added increased by 7.1 percent year-on-year, of which high-tech manufacturing grew by 11.4 percent, higher than the overall level of the manufacturing industry.In 2022, the added value of China's manufacturing industry will increase by 3.0 year-on-year, and the added value of high-tech manufacturing industry will increase by 7.4 year-on-year, 4.4 percentage points higher than the overall level of the manufacturing industry.。This shows that China's manufacturing industry is moving in the direction of high-quality development, providing a broad market space for the sawing machine tool industry.

(2) Manufacturing upgrade to promote sawing machine technology innovation

China is a big country of machine tools, but not a powerful country of machine tools. Compared with developed countries, there is still a big gap in the technical level, product quality and brand influence of sawing machines. Especially in the field of high-end sawing machines, China is still dependent on imports, facing the risk of international trade friction and technology blockade. In order to enhance the independent innovation ability and international competitiveness of China's sawing machine tool industry, the government and enterprises are increasing investment and support for the research and development of sawing machine technology.

In recent years, the government has issued a series of policies and measures to promote the upgrading of the manufacturing industry and the development of the machine tool industry, such as the "Made in China 2025""Guiding Opinions on Accelerating the Development of Advanced Manufacturing Industry", "Guiding Opinions on Promoting the High-quality Development of Construction Machinery and Equipment Industry", etc. These policies are aimed at promoting China's transformation from a manufacturing power to a manufacturing power, improving China's independent innovation capability and market share in the field of high-end equipment, and breaking foreign technology monopoly and blockade.

On the enterprise side, with the intensification of market competition and the diversification of customer demand, sawing machine enterprises are also constantly strengthening technological innovation and product development to enhance product performance and brand image. Some powerful enterprises also introduce or absorb foreign advanced technology and management experience through mergers and acquisitions, joint ventures and cooperation, so as to expand their market share and influence. For example, Haitian Seiko acquired a partial stake in KASTO of Germany, and Yawei cooperated with AMADA of Japan to develop intelligent CNC band saw machines.

(3) The rapid development of the new energy industry drives the growth of demand for sawing machines.

The new energy industry is not only an important direction of economic and social development in the future, but also an important support for China to achieve the goal of carbon peak and carbon neutrality. The new energy industry covers wind energy, solar energy, biomass energy, nuclear energy and other fields, and there is a large demand for sawing machines. With the rapid development of the new energy industry, the demand for sawing machines will also increase.

In terms of wind energy, wind power is currently one of the most mature and competitive renewable energy sources. Wind turbine blades, gear boxes, bearings and other components in wind power equipment need to be processed by sawing machines. According to data from the Champ Consulting Group,In 2022, China's wind power installed capacity reached a new high, with new wind power installed capacity reaching 49.83GW, including 5.16GW of offshore wind power and 44.67GW of onshore wind power. By the end of 2022, China's cumulative wind power installed capacity has exceeded 280GW, accounting for nearly 30% of the total global wind power installed capacity. The rapid development of China's wind power market has led the growth of the global wind energy industry.. It is estimated that the installed capacity of wind power in China will reach 350GW in 2023, and the demand for sawing machines will further increase.

In terms of solar energy, solar photovoltaic is a technology that uses solar energy to generate electricity, and its core component is solar cells. The manufacturing process of solar cells requires the use of sawing machines for cutting, grinding and other processes. According to data from the Champ Consulting Group,In 2022, my country's installed photovoltaic power generation scale will continue to maintain a leading position in the world, with new installed capacity of about 87.41 million kilowatts, accounting for nearly 1/3 of the world's new photovoltaic installed capacity, and cumulative installed capacity of about 0.393 billion kilowatts, accounting for nearly 1/4 of the world's cumulative photovoltaic installed capacity.. It is estimated that the installed capacity of photovoltaic power generation in China will reach 320GW in 2023, and the demand for sawing machines will continue to grow.

In terms of biomass energy, biomass energy is a technology that uses organic substances such as agricultural and forestry wastes and urban garbage to convert into usable energy. Its main products are biomass gas, biomass biogas, and biomass liquid fuels. The development and utilization of biomass energy requires the use of sawing machines for raw material cutting, crushing, compression and other processes. According to data from the Champ Consulting Group,In 2022, China's installed biomass power generation capacity will increase to 41.32GW, an increase of 67.2 over 2021, accounting for 4.9 of the installed renewable energy generation capacity.. It is expected that the installed capacity of biomass power generation in China will reach 30GW in 2023, and the demand for sawing machines will increase.

In terms of nuclear energy, nuclear energy is a technology that uses the energy released by nuclear fission or nuclear fusion to generate electricity. Its advantages are clean, efficient and stable. Nuclear energy equipment in the nuclear fuel rod, reactor shell, steam generator and other components need to use sawing machine for processing. According to the data of Shangpu Consulting Group, in 2021, there are 51 nuclear power units in service in China, with a nuclear power installed capacity of 49.9GW, accounting for 10.7 percent of the world's nuclear power installed capacity in service; there are 18 nuclear power units under construction, with a nuclear power installed capacity of 19.3GW, accounting for 36.7 percent of the world's nuclear power installed capacity under construction. It is expected that the installed capacity of nuclear power in service in China will reach 60GW in 2023, and the demand for sawing machine will be higher.

3. competition pattern

The sawing machine tool industry is a mature industry with fierce competition. At present, the sawing machine tool market is mainly composed of the following types of enterprises:

(1) Foreign famous brand enterprises

Such enterprises have strong technical strength, brand influence and market penetration, and occupy a dominant position in the field of high-end sawing machines. Representative companies include KASTO in Germany, BEHRINGER, MEBA, AMADA in Japan, OKUMA, DOALL, HYDMECH in the United States, MARVEL, etc.

(2) Leading domestic brand enterprises

Such enterprises have a high market share and brand awareness, and have strong competitiveness in the field of low-end sawing machines, and have made some breakthroughs in the field of high-end sawing machines. Representative enterprises have Haitian Seiko, Yawei shares, HTC Machinery, Zhongshan Jinma, Huazhong CNC and so on.

(3) Domestic small and medium-sized enterprises

There are a large number of such enterprises, but the scale is small, the technical level is low, and the product quality is uneven. They face fierce price competition in the field of low-end sawing machines, and it is difficult to enter the field of high-end sawing machines. Representative enterprises include Zhejiang Jingang, Jiangsu Jinfeng, Hebei Xinyuan, Shandong Luneng and so on.

4. development prospects

Champu Consulting believes that the sawing machine tool industry is expected to maintain steady growth in 2023, mainly benefiting from the following aspects:

(1) Recovery of domestic and foreign market demand. With the easing of the epidemic and the recovery of the economy, manufacturing investment and consumption will gradually pick up, and the demand for sawing machines will increase.

(2) The upgrading of manufacturing industry and the development of new energy industry. With the transformation of China's manufacturing industry to high-quality development, the demand for high-efficiency, high-precision and high-automation sawing machines will increase. At the same time, the rapid development of the new energy industry will also drive the growth of demand for sawing machines.

(3) technological innovation and product upgrading of sawing machine. With the investment and support of the government and enterprises in the research and development of sawing machine technology, the sawing machine industry will accelerate technological innovation and product upgrades, improve product performance and brand image, and enhance market competitiveness.

Champu Consulting also believes that the sawing machine tool industry is still facing some challenges in 2023, mainly in the following aspects:

(1) Fluctuations in raw material prices. The main raw materials of sawing machines are steel, cast iron parts, electronic components, etc. The prices of these raw materials are affected by changes in supply and demand in the international market, exchange rate fluctuations, trade policies and other factors, and there is a certain degree of uncertainty. If the price of raw materials rises too fast, it will compress the profit margins of sawing machine enterprises and increase production costs.

(2) Lack of technological innovation. Although China's sawing machine tool industry has made some progress in technological innovation in recent years, there is still a big gap compared with foreign advanced level, especially in the field of high-end sawing machine tool, China still relies on imports and lacks independent intellectual property rights and core technology. If we can not speed up technological innovation and breakthrough, it will affect the long-term development of China's sawing machine tool industry.

(3) International trade friction. With the in-depth development of global economic integration, the sawing machine tool industry is also facing a more complex and changeable international trade environment. On the one hand, foreign well-known brand enterprises through technical advantages and brand influence, in the high-end sawing machine tool market to form competitive pressure on Chinese enterprises; on the other hand, some countries and regions out of protectionism and populist ideas, the implementation of technical barriers, anti-dumping, sanctions and other measures on China's sawing machine tool products, affecting China's sawing machine tool export and market development.

In summary, the sawing machine tool industry is expected to maintain steady growth in 2023, but it also faces some challenges and risks. Sawing machine tool companies should strengthen technological innovation and product upgrades according to market changes and customer needs, improve product quality and brand image, expand domestic and foreign markets, and enhance competitiveness and profitability.