2023 China Hydraulic Industry Panorama
1、Hydraulic definition and classification
Hydraulic machinery is equipment and tools that work through fluid energy and is commonly found in heavy equipment. In this
type of equipment, hydraulic oil is transmitted to the actuator in the equipment at high pressure through a hydraulic pump; The
hydraulic pump is driven by an engine or an electric motor and controls the hydraulic fluid by operating various hydraulic control
valves to obtain the required pressure or flow rate.
Hydraulic power machinery can be divided into hydraulic valves, hydraulic pumps, hydraulic motors and hydraulic cylinders
according to product functions.
2、Industrial chain analysis
At present, the upstream of hydraulic industry chain of our country is mainly for iron and steel, accessories and working media,
including steel pipe, forging parts and other steels, accessories including sealing parts, hardware standard parts and plastics, andthe work medium is hydraulic oil; Hydraulic midstream mainly for hydraulic production, product functions including hydraulic motor, hydraulic pump, hydraulic valve, hydraulic cylinder, hydraulic system; The downstream of hydraulic pressure is mainly for various large engineering fields, including engineering machinery, aerospace, machine tools, agricultural machinery, automotive industry, heavy machinery, etc.
The upstream industries of hydraulic industry are mainly divided into three categories, which are steel, parts and working media. The steel supply is generally the domestic large iron and steel conglomerates, including Baosteel, Angang Steel and Hesteel.
Working medium refers to hydraulic oil, on behalf of enterprises such as Compton, Zhongsheng High-tech, Uni-president, etc.
Middle stream manufacturing enterprises in hydraulic industry include Hengli Hydraulic, Shaoyang Hydraulic, Hejian Intelligent,
Aidi Precision, Chuanrun Stock, Baosi Stock.
The downstream of hydraulic industry is mainly construction machinery, agricultural machinery, machine tools, automobile industry and other industries, among which the construction machinery industry includes Weichai Power, Zoomlion Heavy Industry, Sany Heavy Industry, etc. The auto industry includes BYD, Changan Automobile, SAIC Motor and so on.
3.Industry development history
In 1950s, industry of our country hydraulic pressure entered to start stage. After the 1960s, the application of our country hydraulic technology from machine tool gradually spread to the fields of agricultural machinery and engineering machinery, originally the hydraulic workshop attached to main engine factory has been independent, becomes the specialized production plant of hydraulic parts, industry enters the growth stage of specialized production system. In the 1980s, under the guidance of the national reform and opening up policy, the hydraulic industry received the guidance and support from the Bureau of Basic Parts inthe aspects of planning, investment, introduction of technology and scientific research and development, and has since entered aperiod of rapid development. Since the 21st century, the state has actively introduced policies to promote the development of the industry and intensified the technological transfor mation. The industry has entered a mature development stage.
4.Industry policy background
In recent years, our country hydraulic, pneumatic power machinery and component manufacturing industry related policies are
mainly the "14 th Five-year Development program" for machinery industry and "14 th" development Planning for hydraulic,
pneumatic sealing industry. These documents provide detailed planning for hydraulic, pneumatic power machinery and
component manufacturing industries.
According to the prospective statistics of the number of policies related to hydraulic development issued by provincial government departments, the number of policies related to hydraulic development in Hunan, Zhejiang and Hebei is relatively high, which reflects the importance of these provinces to the development of hydraulic industry.
5.Industry development status
1)、Current situation of global hydraulic industry
The global hydraulic power machinery and components manufacturing industry has a good development trend in recent years. According to the Data disclosed by the authoritative journal Market Data Forecast, the global hydraulic power machinery and components manufac turing market scale is about $62.7 billion in 2021, with an annual compound growth rate of 4%.
2)、Current situation of Chinese hydraulic industry
According to the statistical data of the total industrial output value of 81 enterprises in the hydraulic industry and 8 key enterprisesin the hydraulic industry of Shanghai Hydraulic Pneumatic Seal Industry Association, the total industrial output value of China'shydraulic (including hydraulic) in 2020 is 29.58 billion yuan, which increases compared with the output value in 2019, and 17.36 billion yuan in the first half of 2021. According to preliminary statistics, the total industrial output value of hydraulic (including hydraulic) products of key enterprises in China in 2021 is 34 billion yuan.
Our country's hydraulic components can be divided into hydraulic pipe fittings, hydraulic motors, hydraulic valves, hydraulic
cylinder, and other hydraulic parts, hydraulic system and equipment, hydraulic accessories and hydraulic related products.
Shanghai Hydraulic Pneumatic Seal Industry Association has made statistics on the output of subdivided products of key
enterprises, among which the output of hydraulic pump and hydraulic valve is higher. The specific data can be seen in the
following table:
From the perspective of product demand analysis, the industrial sales value of hydraulic (including hydraulic) products in China
also fluctuates according to the statistics of industrial sales value of key related enterprises of Shanghai Liquid Gas tight Industry Association. The data statistics in 2020 are 29.41 billion yuan, which is higher than that in 2019. The industrial sales value of
hydraulic products was 28.69 billion yuan, and the industrial sales value of hydraulic products was 720 million yuan. In the first
half of 2021, the industrial sales value of hydraulic (including hydraulic) products of key related enterprises in China was 17.16
billion yuan, and preliminary statistics for the whole year of 2021 was 32.5 billion yuan.
Shanghai Hydraulic Pneumatic Seal Industry Association has conducted sales statistics on the segmsegmled products of key
enterprises, among which the sales volume of hydraulic pump and hydraulic valve is higher. The specific data can be seen in the
following table:
From the perspective of the operating revenue of Chinese hydraulic (including hydraulic) enterprises above designated size, the
scale of Chinese hydraulic (including hydraulic) market continues to expand from 2019 to 2021. According to the statistics of
China Industrial Statistics Yearbook, the operating revenue of Chinese hydraulic (including hydraulic) enterprises above
designated size will reach 139.9 billion yuan in 2020. Preliminary statistics of 2021 business revenue of 149 billion yuan.
6.Industry competition pattern
1)、Competition pattern of Chinese hydraulic enterprises
Chinese hydraulic industry enterprises are roughly divided into three echelons. The first echelon of enterprises are foreign leading enterprises in hydraulic industry represented by Bosch Rexroth and KYB. The second tier is well-known, good product sales enterprises, including Hengli Hydraulic, Shaoyang Hydraulic, too heavy Yuci, Chuanrun, etc., theseenterprises sell a variety of hydraulic products; The third echelon has Wantong hydraulic, AVic heavy machinery, etc., these hydraulic brands belong to listed enterprises.
2)、Hydraulic regional competition pattern in China
According to China enterprise database, China's hydraulic enterprises are mainly distributed in Zhejiang and Jiangsu provinces.
By September 2022, there are 5,091 related hydraulic enterprises in Zhejiang Province, ranking the first. The hydraulic enterprises in Zhejiang Province include Yining Hydraulic, Suzhuangge Hydraulic, Hengtong Hydraulic, etc. Jiangsu hydraulic has3788, ranked second, Zhejiang hydraulic enterprises have Hengli hydraulic, oil power hydraulic, long hydraulic, Ou Sheng hydraulic, etc.
7.Industry development prospect and trend forecast
With the continuous development of the Internet of things, the products of hydraulic components in our country will be combined closely with Internet of things to realize the integrated machine, electrical and hydraulic job. At the same time, with the implementation of "carbon neutral" and "carbon peak" policies, the establishment of green hydraulic system will become an important trend in the development of the industry. Green hydraulic system can improve the utilization rate of resources, minimize the environmental impact (negative effect), and realize the green development of the industry.
In recent years, along with the increasing emphasis on equipment manufacturing industry, as well as the fourth industrial revolution, Chinese hydraulic power machinery and components manufacturing industry has been developing well. According to the preliminary forecast of the Forward-looking Industry Research Institute, the total industrial output value of China's hydraulic power machinery and component manufacturing will increase year by year from 2022 to 2027. In 2027, as the industry gradually moves towards mature period, the industry output value growth will slow down, the Chinese hydraulic industry market scale or will reach 246.1 billion yuan.
