How is The Hydraulic Market Developing? 2023 China Hydraulic Tools Industry Market Depth Analysis
How is the hydraulic market developing? Since the 20th century, the equipment manufacturing industry which represents engineering machinery, metallurgical machinery, mining machinery, agricultural machinery, aerospace, intelligent machine tool has achieved the rapid development, our country's hydraulic industry enters the mature development stage. According to the data disclosed by the General Administration of Customs, the total import and export volume of China's hydraulic industry showed an increasing trend from 2019 to 2021. In 2021, China's hydraulic imports and exports totaled $4.47 billion, up 18.13% year on year. From January to July 2022, China's hydraulic imports and exports totaled 2.464 billion US dollars.
Globally, the hydraulic industry has a high market concentration, with Germany, the United States and Japan leading the global hydraulic industry. Germany Bosch Rexroth, the United States Parker Hannifin, the United States Eton, Japan Kawasaki Heavy Industries and other multinational enterprises have a considerable scale of production and technical strength, hydraulic components of a complete variety, covering cylinder, motor, pump, valve and other high value hydraulic components, Hedek and a number of large enterprises as a level supplier is the manufacturer of hydraulic systems. However, our country hydraulic industry started relatively late. Domestic hydraulic enterprises are generally small scale, low market concentration, lack of high-end hydraulic products and other problems. Their technological level and scale still lag far behind foreign countries.
According to China Research Institute of Industry "2022-2027 China hydraulic tool industry market Comprehensive analysis and development trend research report" analysis.
2023 China hydraulic tool industry market comprehensive analysis
From the domestic market, Chinese hydraulic industry started late, in the 1950s, mainly applied in machine tools and forging equipment industries; The 60 s introduced some hydraulic components from abroad production technology, at the same time design and development of hydraulic components; In the 1980s, some advanced technology and equipment were introduced from USA, Japan and Germany, which greatly improved our country's hydraulic technology. After more than 60 years of development, with the continuous improvement of our innovative ability, at present our hydraulic industry has formed a complete category of products, with specialized production strength and technical level of industrial system, since the 21st century, as our country gradually increased the attention to the development of hydraulic industry, the hydraulic industry as one of the strategic focuses of the development of industry, And listed in a number of national development plans, China's hydraulic industry has entered a stage of rapid development. From 2010 to 2021, the compound growth rate of the market size of China's hydraulic industry reached 5.81%, higher than the global level. Thanks to the good control of the epidemic in recent years and the import substitution demand of host manufacturers, the market size of the hydraulic parts industry in 2021 will reach 10.65 billion euros, with a year-on-year growth of 5.86%.
As an important supporting industry of equipment manufacturing industry, the state attaches great importance to the development of hydraulic industry. In recent years, the state has promulgated policies such as Made in China 2025, the 14th Five-Year Plan for China's National Economic and Social Development and the Outline of the 2035 Vision Goals, and the 14th FiveYear Development Plan for the Hydraulic, Hydraulic and Pneumatic Seal Industry, and put forward key core technologies in areas such as concentrating superior resources on key parts and basic materials. Carry out industrial base reconstruction project, speed up the repair of basic parts, basic software, basic materials, basic technology, industrial technology foundation and other bottlenecks and weaknesses; We will carry out smart and green manufacturing projects, develop new service- oriented manufacturing models, and promote high-end smart and green manufacturing. We will carry out special projectsto enhance the core competitiveness of the manufacturing industry and upgrade technologies, encourage enterprises to apply advanced and applicable technologies, upgrade equipment and scale up the use of new products. We will foster clusters of advanced manufacturing industries, and promote innovative development in construction machinery and other industries. National and local government departments have given great help in policy support and industrial projects, creating favorable conditions for the development of the industry.
The state plans to promote new infrastructure and accelerate the construction of new infrastructure, such as 5G infrastructure, ultra-high voltage, intercity high-speed railway and intercity rail transit, new- energy vehicle charging piles, big data centers, artificial intelligence and industrial Internet, to boost economic growth and domestic demand. In the context of "internal circulation", new infrastructure investment will continue to boost the demand for hydraulic components, domestic leading hydraulic enterprises continue to improve the technical level and product competitiveness, in this context, the process of domestic high-end hydraulic products to replace imported products is further accelerated.
Hydraulic tools are the organic combination of hydraulic system and common tools as a whole. The powerful hydraulic power into reciprocating linear motion, rotary motion, cycloidal motion and other mechanical motion. A complete hydraulic tool system consists of five parts, namely power components, executive components, control components, auxiliary components and hydraulic oil. Hydraulic tools include: hydraulic wrench, hydraulic wrench special electric pump, hydraulic jack, hydraulic bolt tensioner, hydraulic flange separator, hydraulic nut cutter, hydraulic pull and so on. Hydraulic tools are mainly used in heavy industrial enterprises, such as petroleum and petrochemical, metallurgy, electric power, ships, as long as there is heavy equipment, where there is a need to bolt, professional tools are needed.
A complete hydraulic system consists of five parts, namely, energy device, executive device, control and adjustment device, auxiliary device, liquid medium. Hydraulic pressure is widely used in industrial and civil industries because of its large transmission power, easy transmission and configuration. The role of the actuator of the hydraulic system (hydraulic cylinder and hydraulic motor) is to convert the pressure energy of the liquid into mechanical energy, so as to obtain the required linear reciprocating motion or rotary motion. The function of the energy device of the hydraulic system (hydraulic pump) is to convert the mechanical energy of the prime mover into the pressure energy of the liquid.
From the global hydraulic industry, the international enterprises with advanced hydraulic transmission technology, mainly distributed in the United States, Europe, Japan and other machinery industry more developed countries and regions, leading enterprises including Germany Bosch Rexroth, Parker Hannifin, Denmark Danfoss and Japan Kawasaki Heavy Industries, etc. With the huge local market of traditional manufacturing power and the technological precipitation of the enterprises for nearly a hundred years, the above companies have almost monopolized the global high-end hydraulic parts market. In 2020, the market share of the above four companies is about 35%, and their market position is difficult to be shaken in the short term.
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 in the aspects of planning, investment, introduction of technology and scientific research and development, and has since entered a period of rapid development. Since the 21st century, the state has actively introduced policies to promote the development of the industry and intensified the technological transformation. The industry has entered a mature development stage.
Hydraulic industry prospect analysis
The market share of the top three domestic hydraulic enterprises is 14.35%, and the market share of the top ten hydraulic enterprises is less than 20%. China's hydraulic parts and industry started late, and there is a gap between the technology and the world's advanced level. Taking product quality and research and development ability as evaluation indicators, domestic enterprises can be divided into obvious four ladder teams. The fourth tieris mainly small and medium-sized enterprises, whose products are oriented to the low-end market, with large demand and low quality
fierce price competition. The third tier is an established domestic enterprise whose product quality meets the requirements of the middle and low-end market and has occupied a certain share, but there is a big technical gap with the first tier. The second tier has the capability of R&D technology to establish its own competitive advantages and brand effect in different segments of the hydraulic industry. The first echelon is the leading enterprise in the domestic hydraulic industry, with obvious technological advantages. It has gradually broken the monopoly of foreign enterprises on the high-end market.
With the development of China's hydraulic industry, the Chinese government has introduced relevant policies to support the sound and stable development of China's hydraulic industry. In July 2021, China Hydraulic Pneumatic Seal Industry Association issued the 14th Five- Year Development Plan for Hydraulic Pneumatic Seal Industry. By the end of the 14th Five-Year Plan, More than 80% of the high-end hydraulic pneumatic seal element (device)and system realize independent protection. The situation of being controlled by others is obviously relieved, and the hydraulic and pneumatic sealing elements and systems urgently needed in the equipment industry have been widely popularized and applied.
In recent years, the integration of hydraulic technology with computer information technology, microelectronics technology, automatic control technology and other new technologies has promoted the development level of hydraulic system and components. In the short term, the possibility of breakthrough changes in hydraulic technology is low, but the hydraulic technology will continue to improve, specifically as follows: hydraulic components miniaturization, lightweight, modular; Green production process; Hydraulic system integration and integration.