China Ship Equipment Industry

Sep, 01, 2016, Mumbai, India: Market Reports on China presents the report, on “China Ship Equipment Industry Overview, 2016-2020”. 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 ship equipment industry is a major part of the comprehensive strength of the shipping industry. The ship equipment manufacturing industry mainly concentrates in coastal areas including Jiangsu, Shanghai, Liaoning, Zhejiang, Shandong and Fujian. Problems of the backward ship equipment industry become increasingly serious and prevailing with the rapid development of the shipping industry in China. "http://www.marketreportsonchina.com/industry-mfg-market-research-reports-23293/ship-equipment-china.html"

The shipbuilding industry is later in starting and inferior in development than that of developed shipbuilding countries like Japan and South Korea. The total volume of the shipbuilding ranks the highest in the world for ten consecutive years while the technology and the ship equipment loading rate are low. The local matching rate of developed countries reaches over 70% while that of China is less than 50%.

At present, the bottleneck of the ship equipment industry is the largest barrier of China to become a shipbuilding power with the direct influence of the matching rate on the shipbuilding profit margin, which needs researches. 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...