According to the industrial chain, the heat treatment industry can be divided into two fields: heat treatment equipment manufacturing and process materials, and heat treatment processing services. Among them, heat treatment equipment manufacturing is the key technology of the industry and also a major development focus of China's heat treatment industry in recent years.

The Overall Scale of the Industry Has Expanded

According to the data of the China Heat Treatment Industry Association, the sales turnover of heat treatment equipment and process materials in China was about 20 billion yuan in 2020, of which heat treatment equipment (including tooling) was about 15 billion yuan, and process materials were about 5 billion yuan, nearly double that at the end of the "12th Five-Year Plan". Combined with the comprehensive calculation of the development of the downstream demand market in the heat treatment industry, the sales of heat treatment equipment and process materials in China will reach about 22.2 billion yuan in 2021.

The number of related equipment has also increased significantly. According to the statistics of the China Heat Treatment Industry Association, as of the end of the "13th Five-Year Plan", more than 30 manufacturers specialize in the manufacture of vacuum heat treatment equipment in China, with an annual output of nearly 700 sets of vacuum heat treatment equipment. The number of vacuum heat treatment equipment in China is about 14,000 sets, an increase of 9,000 sets from the 5,000 sets at the end of the "12th Five-Year Plan" period.

The Industry Technology Still Lags Behind Developed Countries

According to the Outline of the "14th Five-Year" Development Plan for China's Heat Treatment Industry issued by the China Heat Treatment Industry Association, during the "13th Five-Year Plan" period, the manufacturing of heat treatment equipment and process materials in China has reached or approached the international advanced level, but there are still gaps compared with developed countries. The main gaps are that the function is not comprehensive enough, the equipment stability is poor, and the quality of heat treatment workpieces is highly discrete, the degree of informatization is low, the key indicators fail to meet the high-end equipment standards, the process is backward, and the integration capacity of the industrial line is insufficient.

Development Trend and Prospect

During the "14th Five-Year Plan" period, the main development goals of China's heat treatment equipment manufacturing industry are to form a stable production and manufacturing capacity of heat treatment of large-scale castings and forgings for major equipment, increase the numerical control rate of process equipment, and reduce the comprehensive average energy consumption of heat treatment.

On the whole, the development trend of heat treatment equipment in the future is to develop in the direction of high-end, numerical control and green. There is still a lot of room for upgrading heat treatment equipment in China. It is tentatively predicted that in the next five years, the market size of China's heat treatment equipment manufacturing industry will grow at a compound annual rate of about 4%. By 2027, the market size of China's heat treatment equipment manufacturing industry will reach 28.1 billion yuan.

To sum up, China's heat treatment equipment manufacturing industry has developed well in recent years, and the market size and equipment ownership are both expanding. However, the technical level of the industry is still far behind that of developed countries. In the future, China's heat treatment equipment will develop in the direction of high-end, numerical control and green, and the scale of the industry will be further expanded.

Source: https://www.qianzhan.com/analyst/detail/220/220520-ac6236e5.html