The lower reaches demand is warming, driving the decline of the industry to narrow
According to the data of the National Bureau of statistics, in 2019, the cumulative main business income of 238 Enterprises above Designated Size in the sewing machinery industry was 27.64 billion yuan, a year-on-year decrease of 11.80%; the accumulated operating income of the clothing industry was 1601.033 billion yuan, a year-on-year decrease of 3.45%. In general, the revenue growth trend of sewing machinery and clothing industry is consistent. In 2019, the benefit of downstream clothing industry is not good, and the growth rate of sewing machinery industry will also slow down.
In August 2020, with the steady recovery of domestic economy and the gradual recovery of international market demand, the domestic demand market of China's clothing industry has obviously recovered, the production of sewing machinery industry has recovered rapidly, and the decline rate of main economic indicators has further narrowed. From January to August 2020, the operating revenue of Enterprises above Designated Size in the clothing industry reached 819.890 billion yuan, a year-on-year decrease of 14.36%, and the decrease rate was 0.65% lower than that of the previous month; the accumulated operating income of 236 manufacturing enterprises above Designated Size in the sewing machinery industry was 15.473 billion yuan, a year-on-year decrease of 16.61%, 0.57 percentage points lower than that in July and 9.87 percentage points lower than that in the first quarter.
Industry competition resources flow to the top enterprises, Jack shares and Shanggong Shenbei are the leading sewing enterprises
Since the development of sewing machinery industry, joint ventures and cooperation within the industry have been continuously promoted, and the concentration has been continuously improved. In 2019, the industry pattern will continue to differentiate, joint ventures and cooperation between enterprises will continue to advance, and resources will be further concentrated in advantageous enterprises. For example, SHUNFA and Dasen jointly established Nissen company to develop cutting bed; Jack participated in Jiaxing xinyahe company and established Zhejiang yikeda company with Shanghai Ouluo; Meiji carried out production and brand operation cooperation with heavy machinery and Shengjia; DAHAO and Australia Wilcom established a joint venture.
From the perspective of sewing equipment suppliers, the main market shares of China's sewing equipment industry are Jack shares, Shanggong Shenbei and Zoje shares. In 2019, Jack's sewing equipment business revenue will reach 2.953 billion yuan, Shanggong Shenbei will be 2.007 billion yuan, and St Zoje will be 706 million yuan.
Note: Jack's statistical caliber is industrial sewing machine; Shanggong Shenbei statistical caliber is sewing equipment and intelligent manufacturing; St Zoje statistical caliber is special equipment manufacturing industry.
From the perspective of enterprise ranking, in July 2020, the list of top 100 light industry enterprises, top 100 light industry technology enterprises, top 50 light industry equipment manufacturing enterprises, and top 10 light industry enterprises organized by China Light Industry Federation were released in July 2020, and many sewing enterprises were listed on the list. Among them, Jack shares and Shanggong Shenbei are on the comprehensive list of top 100 light industry enterprises in 2019, ranking 163 and 170 respectively. From the perspective of sewing machine Co., Ltd. and sewing machine Co., Ltd. ranked No. 10, respectively.
