Development Trend of Chinese Knitting Machinery Industry 2011-2015

(1) Development trend of knitting machinery industry in the world The knitting machinery industry in the world presents a development trend of shifting to Asian countries dominated by China. The high-tech content of knitted machinery products has made it a long-term monopolized by a small number of well-known foreign brand manufacturers, and the expensive price has hindered the updating of production equipment of knitting companies in Asian countries, mainly in China.

In recent years, a small number of domestic companies represented by the company have developed high-performance knitted machinery products through independent innovation and R&D capabilities and technological breakthroughs, which has greatly promoted the upgrading of production equipment in the knitting industry in and around China. Therefore, the competitiveness of the knitting industry in the region has been significantly improved. Coupled with the rich labor resources and knitted raw material resources in Asian countries, the knitting industry has shown a gradual shift to Asia.

"2011-2015 China Knitting Machinery Industry Operational Situation and Market Research Report"

The extensive market demand, gradually increasing technical strength, abundant labor resources, and lower raw material costs have jointly determined that the knitting machinery industry will shift to the Asian countries dominated by China as the knitting industry shifts.

(2) Development trend of knitting machinery industry in China 1 The development of knitting industry will drive the rapid development of upstream knitting machinery industry At present, more than 50% of the equipment in China's knitting industry is still at the level of the 1970s, which seriously affects the development of the industry. This situation has provided a broad market space for the rapid development of the knitting machinery industry. At the same time, the future development of the knitting industry and the rapid development of the knitting industry brought about by the renewed knitting machinery will jointly drive the knitting machinery industry to achieve rapid development. In addition, China's favorable industrial policy encouragement and support provide policy protection for the rapid development of the knitting machinery industry.

2 All kinds of products will be gradually imported to replace China's knitting machinery production enterprises to gradually grasp the production technology of various products, product performance, stability, production efficiency approaching or reaching the international level. In addition, China's lower production costs, and due to close to the demand market, logistics, after-sales service costs are lower, making China's knitting machinery products have a good cost-effective advantage. A good cost-effective advantage will enable domestic knitting machinery products to gradually achieve import substitution.

3 Scientific and technological innovation will become the main direction for the development of enterprises. Knitting machinery is a technology-intensive product, and technology and production costs jointly determine the market competitiveness of the product. China's knitting machinery industry started relatively late, and the importance of technology is more obvious. In addition, technological progress will also promote the further reduction of production costs. For this reason, scientific and technological innovation to achieve technological progress will become the main direction for the development of knitting machinery enterprises in China.

4 The leading enterprises will be bigger and stronger, and the industrial concentration will gradually increase the rapid development of the knitting machinery industry in China, which will allow many manufacturers to join the industry and the market concentration will be lower. Knitting machinery products are long-term production equipment for large-scale purchases of knitting enterprises. During the use of equipment, companies need to constantly accept technical guidance and after-sale maintenance services. If small and medium-sized manufacturing enterprises cannot survive and develop for a long time, they will inevitably affect the knitting enterprises. The use of knitted machinery products, for this reason, knitting enterprises in the process of equipment purchase, the scale strength of knitted machinery enterprises is an important consideration. In addition, the gradually formed leading enterprises' advantages in many aspects such as technical strength, product quality control, and sales network will jointly promote their further enlargement and strength, and increase the degree of industrial concentration.

5 Increasing international competition For a long time, the computer knitting machinery market was mainly monopolized by a few international well-known manufacturers such as Shima Seiki, Stoll, and Lonati. The first step in market promotion is the process of competition with international companies. With the advent of various types of domestically-made knitted machinery products, this kind of international competition will show a wider range and a deeper degree, and international competition will intensify.