Lab Instrument and Apparatus Manufacturing in China - Market Research Report (2014-2029)
Beijing, China
Last Updated: May 2024
4114Revenue
$46.7bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
43,671
Businesses
454
Wages
$X.Xbn
Lab Instrument and Apparatus Manufacturing in China industry analysis
The Lab Instrument and Apparatus Manufacturing industry in China supplies general and specialized analytical instruments to the education, healthcare and food production sectors. Driven by the rapid development of companies in these sectors, the industry has been flourishing. Industry revenue is expected to rise at an annualized 4.2% over the five years through 2023, to $46.7 billion. However, the industry's revenue growth has been volatile, ranging between a rise of 9.0% in 2019, a decline of 5.8% in 2020, and a rise by 5.7% in the current year.The industry heavily depends on imports of high-end products, as the technological gap between Chinese and foreign lab instrument manufacturers is significant. In 2022, imports are anticipated to account for 29.2% of domestic demand in the analytical apparatus market. Attracted by the profitability of the high-end market, more foreign enterprises are beginning to establish branches in China.The Chinese Government will continue to promote the development of the high-tech industries that are major markets for the Lab Instrument and Apparatus Manufacturing industry over the next five years. Consequently, revenue for this industry is forecast to rise at an annualized 5.1% over the five years through 2028, to total $59.9 billion.
Trends and Insights
- The industry heavily depends on imports of high-end products. The technological gap between Chinese and foreign lab instrument manufacturers is significant.
- Separation instruments are the largest product segment of the industry. With the rapid growth of other product segments, its share of revenue has been shrinking.
- Jiangsu Province generates the most revenue due to plenty source. Many industry participants choose to establish subsidiaries in Suzhou and Changzhou, which have convenience traffic and resources.
- Product quality is very important to consumers in the lab analytical instrument market. The main reason that foreign manufacturers dominate the high-end market is that they produce the most accurate and intelligent lab apparatus.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 4.2 % over the past five years, to reach an estimated $46.7bn in 2024.
Trends and Insights
The inspection and testing industry is the main downstream market for the industry products
- According to the data released by the State Administration for Market Regulation, the operating revenue of China's inspection and testing industry increased from $20.8trillion to 53.3trillion yuan from 2013 to 2020, with a compound annual growth rate of 14.40%.
- Additional trends and insights available with purchase
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Industry development will be supported by the government
- The Chinese Government will continue promoting the development of high-tech industries, which will increase demand for industry products.
Biggest companies in the Lab Instrument and Apparatus Manufacturing in China
| Company | Market Share (%)
2023 | Revenue ($short_0)
2023 |
|---|
There are no companies that hold a large enough market share in the Lab Instrument and Apparatus Manufacturing in China industry for IBISWorld to include in this product.
Products & Services Segmentation
Lab Instrument and Apparatus Manufacturing in China
Products & Services
Industry revenue is measured across several distinct product and services lines, including Separations, Life science instrumentation and Atomic spectroscopy. Separations is the largest segment of the Lab Instrument and Apparatus Manufacturing in China.
Trends and Insights
Separation instruments are the largest product segment of the industry
- Since 2001, the largest product segment within the industry has been separation instruments. However, with the rapid growth of other product segments, its share of revenue has been shrinking.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Scientific Instrument Manufacturing in China
Complementors
- Medical Research in China
International industries
- Measurement and Other Scientific Equipment Manufacturing in Australia
- Measuring, Testing & Navigational Equipment Manufacturing in the UK
Table of Contents
About this industry
Industry definition
The Lab Instrument and Apparatus Manufacturing industry in China produces instruments used for qualitative analysis, quantitative analysis, and structural analysis based on the experimental subjects’ physical, chemical, and electrical properties.
What's included in this industry?
SeparationsLife science instrumentationAtomic spectroscopySurface science techniquesMolecular spectroscopesMass spectrometersMaterial characterization instrumentsCompanies
Purchase this report to view all major companies in this industry.
Related Terms
CHROMATOGRAPHATOMIC ABSORPTION SPECTROPHOTOMETERMASS SPECTROMETERPerformance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
The industry heavily depends on imports of high-end products. The technological gap between Chinese and foreign lab instrument manufacturers is significant.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Separation instruments are the largest product segment of the industry. With the rapid growth of other product segments, its share of revenue has been shrinking.
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Jiangsu Province generates the most revenue due to plenty source. Many industry participants choose to establish subsidiaries in Suzhou and Changzhou, which have convenience ...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Product quality is very important to consumers in the lab analytical instrument market. The main reason that foreign manufacturers dominate the high-end market is that they p...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Most of scaled companies are foreign headquartered. Since industry products manufacturing requires high technology, most industry participants are subsidiaries of foreign cor...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
Detailed analysis
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
New products are introduced frequently in the industry. Manufacturers invest a large portion of their capital into research and development every year.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Manufacturing industry vary depending on size, location and other factors. Large firms often make more profit than small ones, since they have efficient distribution networks...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in China include:
- National Bureau of Statistics China
- General Administration of Customs
- People’s Bank of China
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Lab Instrument and Apparatus Manufacturing industry in China in 2024?
The market size of the Lab Instrument and Apparatus Manufacturing industry in China is $46.7bn in 2024.
How many businesses are there in the Lab Instrument and Apparatus Manufacturing in China industry in 2024?
There are 454 businesses in the Lab Instrument and Apparatus Manufacturing industry in China, which has grown at a CAGR of 1.3 % between 2019 and 2024.
Has the Lab Instrument and Apparatus Manufacturing industry in China grown or declined over the past 5 years?
The market size of the Lab Instrument and Apparatus Manufacturing industry in China has been growing at a CAGR of 4.2 % between 2019 and 2024.
What is the forecast growth of the Lab Instrument and Apparatus Manufacturing industry in China over the next 5 years?
Over the next five years, the Lab Instrument and Apparatus Manufacturing industry in China is expected to grow.
What does the Lab Instrument and Apparatus Manufacturing in China include?
Separations and Life science instrumentation are part of the Lab Instrument and Apparatus Manufacturing industry.
How competitive is the Lab Instrument and Apparatus Manufacturing industry in China?
The level of competition is moderate and increasing in the Lab Instrument and Apparatus Manufacturing industry in China.
