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Sourcing Knowledge Center / Industry Trends / High equipment usage, safety drive machinery parts market
by Cecile de Veyra (Managing Editor)
The market for parts for equipment used in manufacturing, construction, mining and agriculture will remain on an upward trend in the near future, especially with the resumption of activities in these sectors to pre-pandemic level. The need for higher production capacity is increasing demand for new machineries, while more rigorous requirements for equipment and worker safety have placed greater emphasis on regular maintenance, repair and replacement of defective parts or machines.
In the production of machine parts, CNC machining is widely used by the medical, aerospace, transportation, oil and gas, military and defense, electronics and marine industries. This is because this process offers high accuracy, precision, speed and efficiency in the mass manufacture of custom parts. Based on projections by Fortune Business Insights, the global CNC machinery market will be valued at $86.83 billion by the end of 2022 and will increase to $140.78 billion by 2029, posting 7.1 percent CAGR.
Parts made using conventional machining also continue to have a market. This method is usually reserved for the production of simple designs in small batches.
Other parts are made of carbon fiber, titanium or carbon alloys.
Here are machinery parts from Global Sources verified suppliers.

Company: Mulmic Co. Ltd
Mulmic offers the CNC Machined Parts-3 9568-0983 for construction machinery. This RoHS-compliant part, with tolerance of ±0.002mm or ±0.00008in, can be made of aluminum, carbon, alloy or stainless steel, brass, copper or bronze, and have an anodized, blackened, electroplated, painted, powder-coated, passivated or carburized surface treatment. It can also have a polished, mirror-polished, brushed, sandblasted or heat-treated finish, or have 0.4μm Ra milled or turned surface roughness without polishing or grinding. An order of at least 10 pieces is required. This has a lead time of 10 to 15 days.

Company: Qingdao Nancy Metal & Machinery Co. Ltd
The NMM-YB-006-2957 from Qingdao Nancy is a machinery part made of cast and ductile iron. It can be produced to comply with PN10, PN16 or PN25 standard. MOQ is 100 pieces and lead time 10 to 40 days.

Company: Ace Industry Co. Ltd
Ace can manufacture structural parts for welding machines, such as the model R19020-Machinery Welding Parts. Carbon, stainless or tungsten steel, aluminum, brass or zinc alloy, tinplate, copper, bronze, silicone bronze, or gray, ductile or malleable iron can be used. Surface treatment options are polishing, zinc, nickel and chrome plating, powder, dip or phosphate and e-coating, anodizing, PVC powder coating, and dichromate or decrement plating. An order of at least 1,000 pieces is required and has a lead time of 15 to 25 days.

Company: Xian Huan-Tai Technology & Development Corp. Ltd
Xian Huan-Tai uses a CNC lathe and milling machine to produce this construction machinery part, the HT-L-132. The manufacturer subjects parts to nondestructive tests such as magnetic particle, ultrasonic and liquid penetration examination, and X-ray. CMM inspection is performed and other tools utilized to check dimensions. Spectrometers are also used to ensure the material is strictly in accordance with ASTM, DIN and GB standards. An order of one piece is accepted and has a lead time of 10 to 15 days.

Company: Qingdao Kairit Precision Machinery Co. Ltd
The Aluminium Casting Parts 302 8-2494 from Qingdao Kairit is made of A356, A360,319, AC4A, ZL101A, ZL104 or ZL107 and can undergo electrolysis, pickling or mirror surface treatment. It is CNC-machined using gravity or low-pressure casting. Customers’ drawings and OEM orders are welcome. MOQ is 10 pieces and lead time 30 to 60 days.

Company: HLC Metal Parts Ltd
This bronze pillar from HLC, the HLC-BP1005221, is for mechanical components. It is made using an automatic lathe machine and has accuracy of ±0.05mm. Custom designs are welcome. The supplier requires a minimum order of 2,000 pieces. Lead time is 15 to 20 days.
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