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World - Electrical Parts Of Machinery Or Apparatus - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

World - Electrical Parts Of Machinery Or Apparatus - Market Analysis, Forecast, Size, Trends And Insights

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Machinery electrical parts market

Machinery electrical parts market: download newly released statistics secured by an Ai-driven business intelligence tool. Information provide production, consumption, market size, market prices, exports, companies, trade, and imports. Here is a breakdown by country, including the Middle East, the U.K., Russia, China, Africa, the U.S., Latin America, and EU. Market insights and outlook to 2030 are also provided in the snapshots.

Machinery Electrical Parts - World's Largest Markets

RatingCountry
1China
2Japan
3United States
4Russia
5Brazil

In value terms, China, Japan and the United States appeared to be the countries with the highest levels of market value in 2020, together accounting for 41% of the global market. These countries were followed by Russia, Brazil, Indonesia, Pakistan, India, Italy, Austria, Mexico, the UK and France, which together accounted for a further 27%.

Austria (+82.0% per year) recorded the highest rates of growth with regard to market size, in terms of the main consuming countries over the period under review, while machinery electrical parts market for the other global leaders experienced more modest paces of growth.

Machinery Electrical Parts Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Malaysia2889356129931.8%
France202802018416855-8.8%
Belgium19754153612548813.6%
Netherlands297732603727713-3.5%
United States535453403529292-26.0%
Mexico19246386393108727.1%
Vietnam2819229740311025.0%
United Kingdom508052949140365-10.9%
Taiwan (Chinese)546636339652988-1.5%
China55804580396906311.2%
Japan18289796225107346-23.4%
Germany163755139758108276-18.7%
Hong Kong SAR228910160946159031-16.6%
Average575795617352475-4.5%

Prices varied noticeably by the country of origin; the country with the highest price was Hong Kong SAR ($159,031 per ton), while Malaysia ($2,993 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Mexico, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
China22034833569640509235.6%
Vietnam490201445067319635-19.3%
South Korea128912134583121270-3.0%
Germany128140133705110589-7.1%
Mexico186882160792108413-23.8%
Hungary123484102709106722-7.0%
Taiwan (Chinese)7993393652961469.7%
Netherlands8957193514902830.4%
Thailand10608312333988609-8.6%
Hong Kong SAR916917907459701-19.3%
Poland1181429631350300-34.7%
France4573648863477162.1%
United States16485299803259640.6%
Average1207031191491245381.6%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was China ($405,092 per ton), while the United States ($32,596 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the United States, while the other global leaders experienced more modest paces of growth.

Machinery Electrical Parts - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
China3.71.52-26.7%
Vietnam0.911.318.2%
Hong Kong SAR1.41.20.6-32.5%
Germany0.60.60.5-6.2%
United States0.30.30.2-13.2%

In value terms, the largest machinery electrical parts importing markets worldwide were China ($2B), Vietnam ($1.3B) and Hong Kong SAR ($628M), with a combined 60% share of global imports. Germany, the United States, the Netherlands, Hungary, Mexico, Taiwan (Chinese), Poland, South Korea, France and Thailand lagged somewhat behind, together accounting for a further 27%.

Taiwan (Chinese) recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Machinery Electrical Parts - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
China1.41.51.67.1%
Japan1.61.50.9-22.5%
Hong Kong SAR0.60.70.922.7%
United Kingdom0.50.20.4-9.4%
Germany0.40.40.3-15.6%

In value terms, China ($1.6B), Japan ($944M) and Hong Kong SAR ($892M) appeared to be the countries with the highest levels of exports in 2020, together accounting for 59% of global exports. The UK, Germany, Taiwan (Chinese), the Netherlands, Mexico, the United States, Vietnam, Belgium, France and Malaysia lagged somewhat behind, together accounting for a further 28%.

Belgium (+85.3% per year) saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Machinery Electrical Parts - Market Forecast

Driven by rising demand for machinery electrical parts worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Machinery Electrical Parts - Product Coverage

  • HS 854890 - Electrical parts of machinery or apparatus; n.e.s. or included in chapter 85

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global machinery electrical parts market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 27903390 - Electrical parts of machinery or apparatus, n.e.c.

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023
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