The European Rubber Journal (ERJ) recently released the 2010 Global Rubber Machinery Report. With the strong recovery of the world tire market, tire companies have significantly increased their investment, forming a peak demand for the rubber machinery market. The world rubber machinery industry quickly emerged from the bottom of the valley, and the market demand is strong. In 2010, the global rubber machinery sales revenue increased by 12.6%, entering a rapid development track. It is predicted that the global demand for rubber machinery market will continue for a long time, and rubber machinery upgrade and expansion of production capacity will usher in a peak.
- Major Changes in Sales Revenue Rankings
- The annual global rubber machinery 31 “strong” ranks according to 2010 sales revenue (see Table 1). This year's ranking is the biggest year of change over the years. HF Company (formerly Krupp) has been ranked first in the world for many years, but in 2010, although HF Company acquired Italian Bomini and American Farrell, the total sales revenue of rubber machinery can only be the same as last year, and the throne will let the throne Out. Based on a 21% increase in 2008 and a 37.4% increase in 2009, Kobe Steel has increased by 34.8%, achieving a triple jump and surpassing H-F to reach the peak of the world's rubber machinery. The Dutch VMI grew by 33.3% year-on-year, ranking third. There are two companies in China that are crowded into the top five in the world, namely, Soft Controls and Yiyang Rubber. Germany's Berstorff's sales revenue increased by 60% and occupied the sixth place. Mitsubishi Heavy Industries, one of the three “strong” in the past, continued to fade from the rubber machinery industry, with sales revenue falling 1.9% and retreating to seventh place. Japan’s Nakata Engineering Co., Ltd. grew by 12%, accounting for the eighth place. It is worth mentioning that the sales revenue of Lascento Boluo in India increased by 31.4% to nearly 100 million US dollars, accounting for the ninth. This is the first time that Indian rubber machinery has squeezed into the top ten. Guilin Rubber Machinery Factory is located in the tenth place. The biggest rise in rankings is in Berstorf, Germany, from 15 last year to the current 6th. The biggest drop in ranking was in Herbert, Germany, which fell from 12 in the previous year to the current 30. There are three new entry ranks: Zeppelin/Germany, Wyko/UK and Mapland/Austria. Among the top 31 “strong” rubber machine enterprises, there are 13 in China, 8 in Germany, 3 in Japan, 2 in Italy, 1 in France, 1 in Austria, 1 in the Netherlands, 1 in India and 1 in the UK. In the top ten “strong”, except for Mitsubishi Heavy Industries, which declined slightly, the top ten “strong” sales revenue accounted for 52.9% of the world's total rubber machinery, an increase of 1.5 percentage points over the previous year. The world's rubber machinery sales revenue exceeded 200 million US dollars from 3 last year to 4, 100 million to 200 million US dollars, 4 companies, 50 million to 100 million US dollars, 15 companies, the other 6 companies sales revenue of 30 million Between 50 million US dollars, the large-scale companyization of the rubber machinery industry started in 2007, and the industry concentration is increasing.
- Rubber Machinery Market Pattern Changes
- In terms of the rubber machinery market (see Table 2), Southeast Asia and China are growing at a faster rate, with growth rates of 31% and 22% respectively. China's rubber machinery accounts for 27% of the global market and ranks first in the world for seven consecutive years. China's tire industry in 2010 completed a total investment of 35.44 billion yuan, an increase of 29.5%, the growth rate is higher than the national social assets investment growth of about 5 percentage points, which has created strong demand for rubber machinery. Southeast Asia is a major rubber producer. In the case of high global rubber prices, investment in rubber processing has increased rapidly, while Bridgestone and Yokohama have increased their investment in Southeast Asia. India's investment in tires has not been reduced, and there is a strong demand for rubber machinery. Lascent Bolo, India's largest rubber machinery manufacturer, has benefited a lot and has jumped into the top ten of the rubber machine. A large part of India's rubber machinery is occupied by Chinese rubber machinery manufacturers. It is estimated that China's export value to India accounts for more than 40% of total exports. Japan is the only region where the rubber machinery market is shrinking. Due to the migration of rubber industry investment, the market demand for Japanese rubber machinery has been declining. Other regions have remained basically stable, with little growth.
- In the rubber machinery market, the growth is mainly due to tire machinery. The world's tire giants have set off a new tire investment boom, and the world's major tire manufacturers have launched more than $8 billion in 2010 investment budget, which is more than three times that of 2009, the second highest investment budget year in 25 years. A total of dozens of expansion projects will be added, with an additional 95 million sets of car tires, 1 million sets of heavy-duty tires and millions of tons of agricultural and engineering tires. The demand for the corresponding tire machinery has grown rapidly, and most of the tire machinery manufacturers have full tasks and sales revenue has increased significantly. Relatively speaking, the growth of non-tire machinery demand lags behind, Germany's Desma sales revenue fell by 32%, ranking from the fifth place in the previous year to 14 this year mainly because of the lack of non-tire machinery demand. Other non-tire machinery suppliers are not growing well.
- ERJ conducted a questionnaire survey on several elements related to the sales situation. Among the people surveyed, 22% believe that China is the region with strong demand for rubber machinery in the world, and 20% are optimistic about the Indian market. 53% believe that tire machinery is a more demanding product.
- The World Rubber Machinery Industry Enters the Fast Lane
- Two years ago, at the end of 2008, the rubber machinery market fell sharply due to the financial crisis affecting the suspension or delay of investment in tires. Rubber machinery showed signs of recovery a year ago, but the foundation for recovery is fragile. Today, rubber machinery manufacturers are booming in production and sales, working at full capacity to meet the demand for equipment for tires and other rubber products. Among the 31 companies, 10 companies have grown by more than 30%, and only 6 companies have declined slightly, marking the world's rubber machinery has bottomed out. A year ago, it was predicted that there would be a large-scale merger and reorganization in the global rubber machinery industry. However, due to the short period of depression and rapid recovery, the global rubber restructuring did not happen. The largest increase in rubber machinery sales revenue was in China, which accounted for 33% of global rubber machinery sales, an increase of a percentage over last year. 14 companies entered the top 31 "strong", of which the top ten occupied three seats, and the top five took three places, forming a beautiful landscape. Tire investment in China and India is now in full swing. Michelin plans to increase its 2011 investment budget by 60% to $2.2 billion for tire expansion. The three major expansion plants are: Itatiai, Brazil, Jinnai, India and Shanghai, China. All three plants are scheduled to go into production in 2012. Michelin plans to invest a total of $3 billion in the three plants in five years. Pirelli has announced that it will invest 300 million euros in the next three years to expand its tire production in China. It plans to double the annual output of Jining tires to 10 million sets. These tire investment projects provide broad market prospects for rubber machinery. At present, major rubber machine manufacturers, especially tire machinery manufacturers, have saturated orders, and some enterprises have been scheduled for 2012. Recently, HF Germany began to produce tire forming machines that have never been involved in the field. The Mitsubishi Heavy Industries Tire Machinery Division announced the development of an internal mixer. Kobe Steel announced that it has established a joint venture rubber machinery company with La Sent Bolog, which produces mixers for the European and Indian markets, indicating that the traditional rubber giants will not easily give up the rubber machinery sector. ERJ's survey of rubber machine manufacturers' acquisitions and expansion plans shows that 53% of rubber machine manufacturers have expansion plans, and 32% of manufacturers are ready to upgrade their products, indicating that the world's rubber machinery manufacturers are generally optimistic about the market outlook, and the industry is moving toward fast lanes.