Shrinking machine is widely used in all areas of people's livelihood, due to the requirement to adapt to different working conditions, thus shrinking machine a wide variety of large quantities. Shrinking machine industry in China is huge, shrinking machine manufacturers thousands all over the country, at present, China has become the world's shrinking machine production and market demand is one of the largest countries. But China of contraction machine industry most for SMEs, mixed, annual output value Super billion yuan of not to 10 home, even and domestic other mechanical industry compared, regardless of in equipment Shang also is technology Shang also exists is big of gap, real has independent research development high-end products capacity of units rarely, thus in large petrochemical, and nuclear power, and oil and gas long lost pipeline line, major project in the, supporting of contraction machine main also is by imports.

Shrinking machine enterprises attach great importance to the development of new products. It should be noted that shrinking machine industry in China today, although the gap with international advanced level, but has gone beyond simply copied absorption stages. Seeking further development of technical approaches in analysis should learn from foreign advanced products at the same time, from a deeper level on shrinkage and mechanical technology development tendency and to conduct a comprehensive analysis and thinking on product development, and strive to develop new products with independent intellectual property rights.

Adjustment of global industry body, shrinking machine industry is accelerating the pace of industrial restructuring. The process is simple, crude, contractions of the large amount of energy will gradually be eliminated by the market. Those well-made, sophisticated technology and a high degree of automation, low energy consumption, although prices are higher, but the value and price is also higher, being accepted by the market.

Affected by the European debt crisis and the United States economy, effects of high unemployment, shrinking machine have also been affected by the impact of mechanical and electrical products. Sluggish foreign markets, but also makes the contractions more intense competition in the industry, to ensure that the shrinking machine industry in China under the background of the global economic downturn will not be phased out and left behind. Major companies to increase product development, shorten the production cycle, expanding sales channels, increase the marketing investment and so on, each one, stretching out of competition. The future application of full automatic shrink machine will be more widely, will use the more common accessory parts. Market competition will become more intense.