On September 20, China's textile machinery industry can be described as a fully competitive market. If any company wants to avoid being eliminated in such fierce competition, it must speed up the pace of product structure adjustment and improve its core competitiveness. This is also Automation product providers bring some opportunities.
According to the data released by the National Bureau of Statistics, in 2009, textile machinery continued its downward trend in 2008, its growth was slow, coupled with competition from foreign products and the impact of the global financial crisis, China's textile machinery companies faced severe challenges. In the first quarter of 2010, the textile machinery industry experienced a slight drop, which was a drop of 5% to 10% from the previous quarter and an increase of more than 70% year-on-year. Affected by the double pull of exports and domestic demand, the second quarter of 2010 is expected to increase slightly from the previous quarter.
The decline in the textile machinery industry has brought certain impact on suppliers of automation products. Information from the National Bureau of Statistics shows that in 2009, the total market size of automation products for the Chinese textile machinery industry was close to 2.4 billion yuan, reaching 2.39 billion yuan, up year-on-year. Declined by 7.0%. However, in the first quarter of 2010, the market for automation products in the textile machinery industry increased by 70.5% year-on-year, down by 9% month-on-month.
As far as textile machinery products are concerned, the market capacity of traditional textile machinery with a low technological content has been drastically reduced, while textile machinery products with high efficiency, energy saving, and high added value have been greatly improved, which also brings certain degree of automation products. market.
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