PART ONE
Classification of pneumatic tools
A pneumatic tool is a tool that performs mechanical operations powered by compressed air or other gases. The pneumatic tool products have the characteristics of high work efficiency, lightweight and portable, safe and reliable, and convenient use and repair. With the application and development of pneumatic tools, pneumatic tool products have formed three levels: industrial grade, professional grade and general grade:
1. Industrial grade: Industrial grade products are products that can meet long continuous work without failure, and are suitable for fields with high process accuracy requirements, such as factory production lines, and also for relatively harsh environments such as minerals, shipbuilding, and oil extraction.
2. Professional grade: Professional grade products are products that meet frequent intermittent work without failure, and are usually used in auto repair and maintenance, mechanical repair, decoration, wood furniture processing, etc.
3. General grade: General grade products are also known as DIY grade, mainly for civilian products, suitable for applications where the accuracy requirements are not high and the continuous operation time is not long, and the life requirements of the product are relatively low.
PART TWO
The pneumatic tool industry chain chain
The upstream pigs in the pneumatic tool industry are the steel industry, non-ferrous metal industry and plastic industry, and at present, pneumatic tools have been widely used in national production and manufacturing fields such as automobiles, home appliances, building materials, furniture decoration and other fields, becoming essential tools for high-quality development of China's manufacturing industry.
Since the rapid development of automobiles in the 1950s and 1960s in Europe and the United States led to the rapid development in automotive specialty pneumatic tools, the automotive industry has become the field with the greatest and most far-reaching influence on pneumatic tools in recent decades. According to the International Automobile Manufacturers Association (OICA), global vehicle sales in 2022 were 81.6285 million vehicles, down 1.36% from the same period of last year.
PART THREE
Analysis of the development status of the pneumatic tool industry
1. Global market size: In recent years, the global pneumatic tool market demand has been increasing, and the overall market size is increasing. Due to the impact of the trade war between China and the United States, the global pneumatic tool market declined in 2019. In 2020, affected by the epidemic, people's out-of-home activities in Europe and the United States have decreased, and the DIY market in the pneumatic tool industry has strong demand, and the market size has rebounded. In 2022, due to the slowing global economic growth coupled with the pandemic and protests or strikes at global ports, the market size declined to 49.21 billion yuan. In the future, with the improvement of the epidemic and the recovery of the global economy, the global pneumatic tool market size will continue to maintain the growth trend, and is expected to reach 636.54 billion yuan in 2027.
2. Output value of China's pneumatic tools: China's pneumatic tools industry started late, in the "First Five-Year" period of Shenyang pneumatic tools factory imitation R-49 pneumatic rock drill. Since the reform and opening up, the number of pneumatic tool enterprises in China has steadily increased, and the competitiveness of the industry has continued to improve. According to statistics, in 2018, the output value of pneumatic tools in China reached 8.169 billion yuan. Affected by the trade war between China and the United States, it declined to 7.623 billion yuan in 2019. Since 2020, driven by the promotion of overseas DIY market demand, the overall market and export scale have grown rapidly. In 2022, the global economic growth rate will slow down, and the output value of the industry is expected to increase slightly to 123.01 billion yuan, an increase of 0.18 percent year-on-year.
3. Import and export of pneumatic tools in China: With the rapid development of the global pneumatic tool industry and the progress of manufacturing technology, the product quality and performance of pneumatic tools in China have been continuously improved. China has become a major country in the manufacture and export of pneumatic tools. More than 60% of the pneumatic tools produced are exported. According to statistics, as of 2022, the export amount of pneumatic tools in my country was 1.296 billion US dollars, and the export amount was 195 million US dollars.
From the perspective of China's pneumatic tool import regions, Germany, the United States, Japan and Taiwan are the main import source of pneumatic tools in China. According to statistics, in 2022, the total import value of pneumatic tool in China accounted for 715% of the total, and the other regions accounted for 29.85%.
PART FOUR
Analysis of the competitive landscape of the pneumatic tool industry
1. Business layout: After years of development, the global pneumatic tool industry has formed a relatively stable competitive landscape, with Stanley Barrett, Ingersoll Rand, Chicago Pneumatic, TTI, URYU and other European and Japanese brands occupying major market share. At present, the larger domestic independent brand pneumatic tool production companies are mainly distributed in coastal areas such as the Yangtze River Delta and the Pearl River Delta, represented by Zhejiang, Fujian and Guangdong. In addition, Taiwan Province is also an important region for the production of pneumatic tools.
2. Key enterprise: Zhejiang Fengli Intelligent Technology Co., Ltd. main products include steel gears, gearboxes and parts, precision machinery parts, powder metallurgy products and pneumatic tool products, under the brand of "FORE." The pneumatic tool products mainly include the 3000 series air triggers, the 4000 series small air triggers and the 5000 series air trigger. According to statistics, as of the first half of 2022, the revenue of Fengli Smart was 240 million yuan, of which the revenue of pneumatic tools was 49 million yuan, accounting for 20.45%.
PART FIVE
Analysis of trends in the pneumatic tool industry
With the continuous advancement of pneumatic tool technology and the continuous changes of downstream consumer demand, pneumatic tool products are constantly being developed and have good prospects for development. In the future, with the improvement of industrial automation and intelligent level, the pneumatic tool industry will develop towards miniaturization, integration, intelligent, precision and light weight. Human beings pay more and more attention to the environment, and oil-free, low-noise pneumatic tool products will also be one of the trends. In addition, energy saving and low power consumption will be a timeless theme in the pneumatic tool industry. Although China's pneumatic tool industry has been developing for many years, there is still a lack of industry standards, resulting in uneven product quality, which seriously affects the long-term development of the industry. At present, in the context of the rapid development of high-end manufacturing in China, pneumatic tool enterprises need to continuously improve production technology, enhance brand awareness, and promote the high-end and diversified development of products. At the same time, accelerating the formulation of industry standards will help to standardize market operations and further expand overseas markets. With the gradual increase in the penetration rate of pneumatic tools, competition will surely intensify in the future, and pneumatic tool enterprises must not only increase product variety and improve product performance quality, but also improve the ability to meet downstream customers' product customization.