从日本工业自动化龙头的全球化路径看中国企业出海前景

Japanese Industrial Automation Companies - Keyence Corp's overseas revenue accounted for 64% of total revenue in FY2024, with revenue of 967.3 billion JPY and net profit of 369.6 billion JPY[3] - FANUC Corp's overseas revenue reached 87% of total revenue in FY2024, with revenue of 795.3 billion JPY and net profit of 133.2 billion JPY[3] - FANUC established multiple overseas subsidiaries in the 1970s and 1980s, including in the US, Europe, and Asia, to support global expansion[4] FANUC's Global Strategy - FANUC's revenue structure in FY2024 was 22% from China, 29% from other Asian regions, 21% from the Americas, and 13% from Europe[22] - FANUC's overseas revenue growth outpaced domestic revenue, with overseas revenue increasing from 63% in FY2006 to 87% in FY2024[26] - FANUC's success in the US market was driven by partnerships with General Motors and General Electric, capturing significant market share in CNC systems[42][43] Japanese Manufacturing FDI - Japanese manufacturing FDI surged in the 1980s, driven by economic prosperity, trade friction, and yen appreciation, with a focus on the US and other developed countries[7] - By 2023, 74% of Japanese manufacturing companies had production bases in China, followed by 49% in the US and 39% in Thailand[15] Chinese Industrial Automation Companies - Chinese industrial automation companies are following the overseas expansion of downstream manufacturing sectors, particularly in ASEAN, with FDI in ASEAN manufacturing rising from $600 million in 2014 to $6.25 billion in 2023[53] - Chinese companies in the EV, lithium battery, and photovoltaic sectors are accelerating overseas production, with 13 lithium battery companies announcing overseas factory plans in 2023, totaling over 134 billion CNY in investments[61]