1. Japanese machine tool development history
Machine tool refers to the machine that manufactures machines, also known as working master or tool machine, which is commonly referred to as machine tools. It is generally divided into metal cutting machine tools, forging machine tools and woodworking machine tools. There are many methods for processing mechanical parts in modern mechanical manufacturing. In addition to cutting, there are also casting, forging, welding, stamping, extrusion, etc. However, any parts with high accuracy requirements and finer surface roughness requirements generally need to be finalized by cutting on the machine tool.
Japan is one of the representative countries of precision processing and manufacturing equipment in the world. It has a large market share in the world in the manufacturing of machine tools and other equipment, and its machine tool manufacturing history is long. Between 1988 and 1994, Japan's machine tool production was rapid and domestic demand was strong. In 1990, machine tool orders reached 1.41 trillion yen, but due to the impact of the bubble economy, production decreased sharply; between 1995 and 2011, machine tool orders exceeded 1 trillion yen many times, and in 1998, the external demand for machine tools exceeded domestic demand for the first time. However, due to factors such as subprime mortgage crisis, major earthquakes, and nuclear power plant accidents, machine tool production fluctuated and developed; since 2013, with the intelligence of electronic equipment, the demand for machine tools increased and production increased. After 2020, due to the epidemic, the economic situation of the machine tool industry deteriorated.
1988 Japanese machine tool development history
Source: Zhiyan Consulting compiled
Related report: Zhiyan Consulting released the "Report on Market Operation Trend and Future Development Potential of China Machine Tool Industry from 2022 to 2028"
2. Japanese machine tool order amount analysis
In recent years, with the continuous changes in the market, economy and politics, Japan's machine tool orders have fluctuated and developed. Due to the decline in Japan's investment in smartphones and automobiles and the influence of many factors, the total volume of Japanese machine tool orders continued to decline from 2018 to 2020, and the total volume of Japanese orders dropped to 901.8 billion yen in 2020; with the slow recovery of the economy after the epidemic, the total volume of Japanese machine tool orders in 2021 rebounded to 154.14 billion yen, a year-on-year increase of 70.92%.
Total orders for Japanese machine tools from 2011 to 2021
Source: Japan Machine Tool Industry Association, Zhiyan Consulting and compiled
From the perspective of domestic and external demand for Japanese machine tools, the external demand for Japanese machine tools from 2011 to 2021 is far greater than domestic demand, and the trend of changes in internal and external demand is the same. In 2021, the external demand for Japanese machine tools was 1.03 trillion yen and the internal demand was 510.3 billion yen, an increase of 57.29% and 78.58% respectively compared with 2020.
2011-2021 demand for machine tools in Japan
Source: Japan Machine Tool Industry Association, Zhiyan Consulting compiled
In the first two quarters of 2022, the total amount of machine tool orders exceeded the total amount of machine tool orders in 2020, reaching 911.2 billion yen, of which the total amount of machine tool orders in March was the largest; at the same time, its external demand also exceeded the external demand for the whole year of 2020, reaching 596.6 billion yen, while its internal demand was 314.6 billion yen.
Total orders for Japanese machine tools from January to June 2022 and internal and external demand
Source: Japan Machine Tool Industry Association, Zhiyan Consulting compiled
3. Japanese machine tool production and sales analysis
From the perspective of Japanese machine tool production and sales, Japan's machine tool production and sales volume decreased year by year from 2017 to 2020. In 2020, due to the impact of the epidemic, its production and sales volume dropped to 45,600 units and 62,000 units respectively; in 2021, Japan's machine tool production and sales volume rebounded, with production of 67,600 units and sales volume of 81,000 units, an increase of 48.35% and 30.71% respectively compared with 2020. From January to May 2022, the production and sales of machine tools in Japan were 31,000 units and 35,500 units respectively.
2017-January-May 2022, Japan's machine tool production and sales volume
Source: Japan Machine Tool Industry Association, Zhiyan Consulting compiled
From the perspective of Japan's CNC machine tool production and sales volume, Japan's CNC machine tool production and sales volume is the same as its machine tool production and sales volume. It has been declining year by year from 2017 to 2020. In 2021, Japan's CNC machine tools production and sales volume was 56,300 units, with sales volume of 60,600 units, an increase of 49.31% and 48.99% respectively compared with 2020. From January to May 2022, the production and sales of CNC machine tools in Japan were 26,600 units and 25,400 units respectively.
2017-January-May 2022 Japan's CNC machine tool production and sales
Source: Japan Machine Tool Industry Association, Zhiyan Consulting and compiled
From the perspective of the domestic demand distribution of Japanese machine tools, Japanese machine tools are mainly used to produce ordinary equipment, and secondly to produce cars. In 2021, the demand for Japanese machine tools for ordinary Japanese equipment was 200.5 billion yen, a year-on-year increase of 50.64%; in 2021, the demand for Japanese machine tools by Japanese automobiles was 115.1 billion yen, a year-on-year increase of 38%; in 2021, the demand for Japanese machine tools by Japanese electrical appliances and precision equipment was 69.4 billion yen, a year-on-year increase of 102.33%. From January to June 2022, the demand for Japanese machine tools for ordinary Japanese equipment will be 129.5 billion yen.
2017-January-June 2022 domestic demand distribution of Japanese machine tools (100 million yen)
Source: Japan Machine Tool Industry Association, Zhiyan Consulting and compiled
From the perspective of the external demand distribution of Japanese machine tools, Asia's demand for Japanese machine tools is greater than that of Europe and North America, and Asia, Europe and North America's demand for Japanese machine tools is the same trend. In 2021, Asia's demand for Japanese machine tools was 517.3 billion yen, a year-on-year increase of 77.37%; in 2021, Europe's demand for Japanese machine tools was 210.7 billion yen, a year-on-year increase of 118.79%; in 2021, North America's demand for Japanese machine tools was 282.5 billion yen, a year-on-year increase of 58.02%. From January to June 2022, the demand for Japanese machine tools in Asia, Europe and North America will be 289.6 billion yen, 116.9 billion yen and 178.8 billion yen respectively.
2017-January-June 2022 Distribution of external demand for Japanese machine tools (100 million yen)
Source: Japan Machine Tool Industry Association, Zhiyan Consulting compiled
From the perspective of the distribution of Japanese machine tools exported to Asia, Europe and North America from 2017 to 2020, the number of machine tools exported to Japan to Asia, Europe and North America has been declining year by year, and rebounded in 2021. In 2021, the number of machine tools exported to Asia will be 55,400, the number of machine tools exported to Europe will be 9,457, and the number of machine tools exported to North America will be 14,200. It can be seen that Asia is the main export of Japanese machine tools. From January to May 2022, the number of machine tools exported to Asia was 23,300.
2017-January-May 2022 Distribution of Japan's machine tool export number (Taiwan)
Source: Japan Machine Tool Industry Association, Zhiyan Consulting and Organized
IV. Analysis of key enterprises in the Japanese machine tool industry
From the perspective of Japanese machine tool companies, the top five Japanese machine tool companies are Yamazaki Mazak, Amanta, Okuma, Jettaguet and Mori Seiji. These companies occupy a large share in the Japanese machine tool market and their machine tool manufacturing occupies an important position in the global machine tool industry. Among them, Anita Machine Tool ranks first in the market share of similar international products. Okuma is one of the world's largest CNC machine tool manufacturers, and Jetty Gate has the world's top electric power steering system.
The top five brands of Japanese machine tools
Source: Zhiyan Consulting compiled
Above data and information, please refer to the "2022-2028 China Machine Tool Industry Market Special Survey and Development Strategy Research Report" released by Zhiyan Consulting (www.chyxx.com). Zhiyan Consulting is a comprehensive information and intelligence provider in the field of industrial consulting in China. The company takes the brand philosophy of "using information to drive industrial development and empowering corporate investment decisions". Provide professional industrial consulting services to enterprises, including high-quality industry research reports, feasibility study reports, special customization, business plans, industrial planning, etc.
