What is the market scale of multifunctional intelligent spinning experimental machine?

Multi-functional intelligent spinning experimental machines are mostly classified into the category of small-scale spinning and nonwoven testing machines. At present, this market segment is in a rapid growth stage. In 2023, the domestic market scale has reached 1.28 billion yuan, and it is expected to exceed 1.8 billion yuan in 2025. The expansion of its market scale also shows the characteristics of obvious regional differentiation and an increase in the proportion of high-end models. The following is a detailed introduction:

Overall scale and growth rhythm: the market growth rate in this field continues to accelerate. In 2022, the market scale was 1.08 billion yuan, which increased by 15.7% year-on-year to 1.28 billion yuan in 2023, while the growth rate in 2021 was only 11.2%. From the perspective of growth momentum, the procurement of universities and scientific research institutions is an important support. In 2023, this part of the procurement volume accounted for 37% of the total sales, an increase of 9 percentage points compared with 2020; The demand for equipment renewal of medical protective materials enterprises has also driven the market increase of 23%. In 2023 alone, the equipment purchase amount of medical nonwoven production enterprises reached 288 million yuan. The future growth trend is equally optimistic. It is expected that the proportion of demand from universities and scientific research institutions will further increase to 45%, and emerging fields such as new energy battery separators will contribute more than 15% of new markets.

Distribution of regional market size

Yangtze River Delta: As a core market, this region accounts for 42% of the national market share, of which Jiangsu Province contributes 58% of the sales volume in this region, relying on local intensive textile industry clusters and scientific research resources, becoming the core region of equipment procurement.

Pearl River Delta: It ranks second with a market share of 28%. The medical device industry cluster in Guangdong Province will promote the sales volume in this region to increase by 19% in 2023, and become an important demand place for medical related spinning experimental equipment.

Bohai Rim: The market share is 17%. The centralized procurement of scientific research institutes in Beijing and Tianjin has boosted the sales of high-end models, and the sales of equipment with a unit price of more than 200,000 yuan accounted for 35% in this region, highlighting the demand characteristics of high-end equipment in this region.

Midwest: Although it only accounts for 13% of the market at present, the growth rate will reach 27% in 2023, which is the fastest growing region, showing strong potential growth.

Segmentation scale of high-end smart models: With the increasing demand for intelligence, the market share of multi-functional smart models continues to rise. In 2023, the market penetration rate of all-in-one products with intelligent control system reached 65%, a significant increase of 41 percentage points compared with 2020; The proportion of sales of multi-functional integrated models also increased from 32% in 2021 to 49% in 2023. At the same time, the share of high-end models is gradually expanding. In 2023, the sales of high-end models with a unit price of more than 200,000 yuan accounted for 35% in the Bohai Rim region, and it is estimated that the market share of high-end models with a unit price of more than 300,000 yuan will increase from 18% in 2023 to 25%. Among them, the intelligent testing machine with online component analysis function is expected to exceed 930 million yuan by 2025, and the compound annual growth rate will remain above 18%.