China electric tool enterprises welcome good development opp

Time: 2016-07-08　Publisher: Tooluniversal.com

China is now the world's largest producer and exporter of electric power tools, power tools industry in 2014 revenue of about 600 yuan, of which more than 60% are exported. In 2007 China's electric tool industry boom degrees higher, the machine export volume reached 1.92 million units, and since the outbreak of the global financial crisis in 2008, minimum export volume fell to 1.6 million units; but 2014 machine export volume reached 2.01 million (an increase of 5.24%), export amount of 62.07 billion US dollars (an increase of 9.24%), a record.

Especially in the fourth quarter of 2014, enhance the electric tools export growth is more obvious: in the fourth quarter in 13 years electric tool machine export growth reached 18.52%, electric tool parts exports growth rate reached 103.94%, quarter by quarter improving trend more obvious. We expect that, with the further recovery of overseas economies, as well as the end of the unilateral appreciation of the RMB appreciation trend, the 14 year growth rate of the industry will be better than 13 years. We communicate with the industry situation, but also to verify the above conclusions.

The main export market of China's electric tools is North America and Europe, including the United States and Germany as the first, the second major markets, respectively, accounting for 30.84% of exports, 6.68%. 13 years of export growth to Europe reached 9.47%, the highest growth rate for the past 5 years, the European market will accelerate the growth of 14 years. 13 years the U.S. GDP growth of about 1.9%, while China's electric tool industry exports increased by more than 14, 7% years ago, the U.S. GDP growth of about 3% in February, is expected to 14 years the U.S. demand for electric tools will grow by more than 10%. Industry experts estimate that in 2015 China's electric tool industry export growth will reach more than 13, 10% times higher than the growth rate of 1 years, exports accounted for a relatively large enterprise ushered in a good development opportunities.