Analysis of the development history and industry analysis of China’s hydraulic, pneumatic power machinery and component manufacturing industry

In the 80s of the 20th century, China’s hydraulics entered a period of rapid development, and more than 60 foreign advanced technologies were introduced. China’s hydraulic, pneumatic power machinery and component manufacturing industry is still in the stage of transition from growth to maturity, the industry has increased technological transformation and technical research, the company began to achieve large-scale production, and it is expected that the scale of the hydraulic and pneumatic market will continue to expand in the future.

The life cycle of the industry mainly includes four stages of development: the introduction period, the growth period, the maturity period and the decline period. China’s hydraulic, pneumatic power machinery and component manufacturing industry is in the transition from growth to maturity.

According to the data disclosed by the Shanghai Liquid and Air Tight Industry Association, in 2020, the sales output value of key contact enterprises in the liquid and air tight industry will reach 63.93 billion yuan, a year-on-year increase of 11.1%. By industry: the hydraulic industry completed 28.69 billion yuan, a year-on-year increase of 20.1%, the hydraulic industry completed 720 million yuan, a year-on-year increase of 7.0% (for reference only), the pneumatic industry completed 16.56 billion yuan, a year-on-year increase of 12.6%, and the sealing industry completed 17.97 billion yuan, a year-on-year decrease of 1.7%.

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