BEIJING, June 18 /PRNewswire-Asia/ -- Himfr.com (http://www.himfr.com/ ), one of China's leading B2B search platforms with more than 30 B2B industry websites to its name, analyzes China's textile machinery market.
China's textile machinery market has been developing rapidly. In 2008, China's textile machinery manufacturing industrial output value reached 72 billion yuan, a year on year increase of 4.9%.
China has become the world's largest manufacturer of textile machinery, and provides the widest range of products. While producing the biggest number of machines worldwide, in recent years, imported machines are also on the increase. In particular, more foreign-made air-jet looms, non-woven machines (http://himfr.com/buy-non%255Ewoven_machine/ ), circular knitting machines (http://himfr.com/buy-circular_knitting%2520machine/ ), sock machines and cotton processing machines (http://himfr.com/buy-cotton_processing%2520machinery/ ) are entering China through import. This shows that China is still have strong demand for textile machinery. With global textile production transferring to the China inland, as well as other parts of Southeast Asia, China will become the world's biggest textile machinery potential consumer.
Despite the substantial and rapid growth in revenues, the profit margin remains low for the Chinese textile machinery manufacturing industry.
In 2008, China's gross industrial output value of the textile machinery manufacturing sector reached 72 billion yuan, an increase of 4.9%, gross profit was 40 billion yuan, up 9.6%. However, the growth in profits for the Chinese textile machinery manufacturing sector over the previous year was 356 million U.S. dollars, with a profit margin of only 5.6 %, far below the average profit margin of China's manufacturing sector in average.
Knitting equipment made up the largest market share
Knitting machines in 2008 accounted for 34% of China's textile machinery market, which took up the largest share, with textile machinery ranked second, with a rate of 25%, and printing and dyeing equipment ranked third with a ratio of 21%, followed by chemical fiber machinery, representing a ratio of 8%, with rest of the machines took up a share of 9%.
All in all, there is great potential in China's textile machinery market.
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