Mass production high demand dental equipment suppliers
According to a recent report by South Korea’s Chosun Ilbo, in September last year, Takemitsu Takizaki, the founder of the Japanese company Keyence, surpassed Masa Yanai, the president of Uniqlo, to become the richest man in Japan. That’s because KEYENCE’s share price has soared 96% since pre-coronavirus. This company, which produces sensors and measuring instruments required for factory automation, has a total market value of more than 11 trillion yen in June 2020, surpassing large companies such as Sony Group and Nippon Telegraph and Telephone Corporation (NTT), and jumping to the total market value of Japanese companies. 2nd place. The report quoted Bloomberg as saying: “Keyence’s rapid growth shows the recent global market demand for robots and components.” Mass production high demand dental equipment suppliers
According to the report, the global industry experienced difficulty in supplying parts and recruiting workers last year, and the value of Japanese companies that dominate the robotics and automation equipment market is being re-evaluated. Japanese factory automation companies are the core of the global industrial robot market that integrates everything from production equipment in automobile factories to sensors and inspection equipment required for semiconductor processes. According to the International Federation of Robotics, in the past 10 years, the number of industrial robots has tripled, and 45% of the annual new demand is supplied by Japan, while the market shares of China and South Korea are only 12% and 7%, respectively.
Although the stock prices of global technology companies have fallen recently, the combined market capitalization of Japan’s four largest robotics and automation companies – Keyence, Fanuc, SMC and Lei Daiguang – has increased by 2.5 times compared to five years ago. The only company in the world that produces extreme ultraviolet (EUV) inspection equipment necessary for ultra-micro semiconductor processes, the company’s total market value in 2018 was only $1 billion, but as of February 18, 2021, it has surged to $16.8 billion Dollar. The sales of the four major companies have also grown rapidly after the new crown epidemic. Fanuc’s sales were $5.8 billion last year, up 28.9 percent from 2019 ($4.5 billion). SMC increased from $4.6 billion to $5.7 billion over the same period, an increase of 24%. Mass production high demand dental equipment suppliers
The four major industrial robot companies in Japan are characterized by high operating profit margins. As a small and medium-sized enterprise, KEYENCE’s total market capitalization is relatively high because the company’s operating profit margin exceeds 50%. However, the operating profit margins of the remaining three companies are also higher than 20%. Keyence and Lei Daiguang saved costs by outsourcing production. Fanuc uses the company’s robots to run factories, reducing production costs. It is reported that the company’s largest factory can operate without any manpower for a month.
Japan, which experienced labor shortages after entering a low-fertility and aging society starting in the 1990s, has accelerated the development of industrial robots. Since then, as the number of developed countries entering the low birth rate situation has increased, robot and automation companies originally used for domestic demand in Japan have begun to enter overseas markets. After the outbreak of the new crown epidemic, non-face-to-face communication has gradually been accepted by more and more people, which makes Japanese industrial robots accelerate the capture of the global market. In fact, half of Keyence’s and SMC’s sales, and 80% of Fanuc’s and Lei Daiguang’s sales come from overseas. SMC has recently expanded its business by supplying air pressure control devices to semiconductor companies in the United States and Europe. Fanuc is an indispensable presence in the field of assembly lines in automobile factories, and new orders have been pouring in recently with the increase in demand for electric vehicle production. Mass production high demand dental equipment suppliers
According to the International Federation of Robotics, South Korea’s industrial robot density (the number of robots used per 10,000 employees) is 932, making it the country with the highest rate of industrial automation in the world. However, compared with market demand, the country’s robot technology and production capacity are insufficient. With the development of industrial automation, South Korea’s dependence on Japanese equipment will inevitably increase.
Although the South Korean government holds high the banner of independent raw materials, components and equipment, it is still unable to replace the cutting-edge robots, equipment and components fields mastered by Japanese companies. The scale of South Korea’s imports of Japanese semiconductor and display equipment has increased from 2.3 billion US dollars in 2019. It almost doubled to $4.4 billion last year (January-November). Jeong Woo-sung, a professor at the Department of Industrial Management Engineering at Pohang University of Technology in South Korea, said: “With the increasing demand for automation, Japanese robotics companies are likely to become an ‘absolute party B’ like the Dutch ASML Holdings (ASML), which monopolizes the semiconductor cutting-edge lithography equipment market. ‘.” Mass production high demand dental equipment suppliers
