China鈥檚 Engine Industry: Still Going Strong in 2017

The engine industry in China is still going strong in 2017, mainly driven by the rapid development of the country鈥檚 booming machinery industry and its sub-sectors, such as engineering machinery, farming machinery, industrial engineering for construction, oil and gas equipment, mining, marine, and downhole engines. Today, China is one聽of the world鈥檚 primary engines and motors manufacturers and also one the top engine exporters. With the country鈥檚 staggering economic growth, the engine industry in China is expected to reach new heights going forward.

New business opportunities are constantly being created in China鈥檚 rapidly growing engine market. 91制片厂鈥檚 platform helps suppliers and buyers identify new product sourcing opportunities with the best production experts from the top engine and motor suppliers in China. The business networking platform is targeted towards companies that want to simplify the buying and selling process, get product quotes quicker and reach leading engine industry players in China.

Grow Your Business Network: Connect with the Top Engine Suppliers in China

Engines and motors 鈥� one of the most important product categories in China鈥檚 engineering machinery industry 鈥� are widely used in a variety of industrial sectors such construction, oil and gas, and mining. The off-road engine is the most popular product segment at the moment with the highest market value in China鈥檚 engine market, thanks to the influx of new purchase orders within this segment; particularly for transport vessels, followed by engineering vessels, oil and gas development vessels, and offshore drilling platforms.

China鈥檚 Engine Industry Statistics

According to a recent report from IBISWorld, the total revenue of China鈥檚 engine manufacturing industry is expected to reach $42.3 billion in 2017, achieving an annualized rate of 4.6% in the past five years. Another report from Research and Markets shows that, in the first half of 2017, sales of engine for construction machinery totaled 378,300 units, up by 68.7% year-over-year (YoY); engines for agricultural machinery had 2.0955 million units sales (up 20.23% YoY); Ship engines sold 10,800 units ( up 16.72% YoY), sales of generator engines recorded 805,400 units (up 7.89% YoY), and engines for garden machinery sold 1.8229 million units (up 3.73% YoY).

Currently, China鈥檚 engine industry is highly geographically concentrated, with Jiangsu, Shandong, and Shanghai accounting for about 57.7% of the total annual revenue. Jiangsu is now the largest manufacturing bases of internal combustion engines in China, accounting for 16.7% of industry revenue in 2017. Some of China鈥檚 largest engine manufacturers include Yuchai, Weichai, Changchai, Jiangsu Nonghua Intelligent Agriculture Technology, Tri-Ring, Shandong Changlin Agricultural Equipment.

China鈥檚 Engine Exports

When it comes to engine exports, China is the world鈥檚 third largest engine exporter, after the USA and Germany. In 2016, China exported over $2 billion worth of engines and motors to the global market, representing 12% of the world鈥檚 total engine supplies. The USA, Japan, Germany, India, and South Korea are some of the top exporting markets for China鈥檚 engine products.

China鈥檚 leading position in the global engine industry has also attracted a significant number of buyers and traders from all over the world. To help your engineering business stay at the peak of the industry, 91制片厂 provides the best solutions to source products and make business deals with the top engine suppliers in China. As China鈥檚 engine production continues to storm the market, don鈥檛 miss your chance to connect with the best suppliers, manufacturers, and companies on 91制片厂.