China Cutting Tools Mfg. Industry

An Expert's View about General Purpose Machinery in China

Last updated: 19 Jul 2011

China Cutting Tools Mfg. Industry Research

According to China Cutting Tools Mfg. Industry Profile - the industry research report issued by Zeefer Consulting, Jiangsu, Zhejiang and Shanghai are the major production bases for cutting tools mfg. industry in China. Liaoning, Fujian, Shandong, Guangdong, Hebei, Sichuan and Hunan are the secondary distribution areas for this industry. Jiangsu has most leading cutting tools mfg. enterprises, and among all top 100 large cutting tools mfg. enterprises across China, 21 are located in Jiangsu.

In terms of market size, in 2009, cutting tools mfg. enterprises above designated size achieved a sales revenue of more than USD 4 billion. Total assets of enterprises inside cutting tools mfg. industry exceeded USD 5 billion, a rise of more than 2% on a year-on-year basis. On an annual average, total employees in cutting tools mfg. industry exceeded 95,000, a decline of more than 10% on a year-on-year basis. The total export delivery value exceeded USD 900 million, a decline of about 15% on a year-on-year basis.

In terms of industry-wide profit, in 2009, profits of enterprises above designated size in cutting tools mfg. industry added up to more than USD 200 million, a decline of more than 35% on a year-on-year basis. A total of more than 100 enterprises suffered a loss, and the total loss of these enterprises amounted to more than USD 45 million. On average, the ratio of return on assets in cutting tools mfg. industry was higher than 4%.

In terms of market position of foreign enterprises in China, in 2009, sales revenue from foreign enterprises engaged in cutting tools mfg. production in China added up to more than USD 900 million, taking a share of more than 20% of the gross sales revenue from cutting tools mfg. enterprises across China. Foreign enterprises in China cutting tools mfg. industry achieved a ratio of return on assets of 0.4%, lower than the industry average.

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Posted: 18 July 2011, last updated 19 July 2011

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