DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "China Ship Equipment Industry Overview, 2016-2020" report to their offering.
The total export value of the ship equipment was USD 3.03 billion with a decrease of 4.7% YOY while the total import value of that was USD 4.43 billion with a decrease of 8.1% YOY in China in 2015.
The ship equipment is mainly manufactured through the introduction of licenses and the cooperation with foreign enterprises due to the lack of core technologies in China. The equipment R&D mainly depends on government investment while the independent one is insufficient. Ship equipment manufacturers are committed to the expansion of production capacity instead of
the independent R&D for rapid development. The innovation ability of them in China is inferior to that in Japan and South Korea.
According to the report, the number of ship equipment manufacturers was over 500 by the end of 2015. Meanwhile, the total market share of top 5 enterprises including Hudong Heavy Machinery Co., Ltd., Wuhan Marine Machinery Plant Co., Ltd. and CSSC Marine Power Co., Ltd. was about 12%, leading to a fully competitive status of the industry. Numerous ship equipment manufacturers are large in product homogeneity which leads to the overcapacity and cutthroat competition. Meanwhile, redundant building projects also exist in partial fields of advantage products.
Key Topics Covered:
1 Relevant Concepts of Ship Equipment Industry
2 Operation Status of Ship Equipment Industry in China, 2011-2015
3 Competition Status of Ship Equipment Industry in China, 2013-2015
4 Top 5 Ship Equipment Manufacturers in China, 2013-2015
5 Costs and Prices of Ship Equipment in China, 2013-2015
6 Prediction on Ship Equipment Industry in China, 2016-2020
- CSSC Marine Power Co., Ltd.
- CSSC Nanjing Luzhou Machine Co., Ltd.
- Dalian Marine Diesel Co., Ltd.
- Hudong Heavy Machinery Co., Ltd.
- Wuhan Marine Machinery Plant Co., Ltd.
For more information about this report visit http://www.researchandmarkets.com/research/wfr5nw/china_ship