IBISWorld Platform
Answer any industry question in minutes with our entire database at your fingertips.
Geologic Prospecting & Seismic Instrument Manufacturing in China Industry Data and Analysis
Revenue from the Geological Prospecting and Seismic Instrument Manufacturing industry in China is expected to grow at an annualized rate of 3.5% over the five years through 2024. In 2024, revenue is expected to grow by 3.2% to $4.2 billion, mainly driven by increased exports and rising demand from downstream markets. Exports are estimated to account for 14.8% of industry revenue in 2024.Frequent earthquake and geological disasters in recent years have led to an increase in geological prospecting in China. In 2008, the Wenchuan earthquake in Sichuan province led to enhanced seismic surveillance and rising industry demand. Further oil, gas and alternative energy source exploration in China has also increased demand for industry products.The top four companies in the Geological Prospecting and Seismic Instrument Manufacturing industry in China account for an estimated 22.5% of industry revenue in 2024. Industry concentration is low and has been declining over the past five years, with the entry of many foreign players and small companies.ACMR-IBISWorld forecasts that over the five years through 2029, industry revenue will increase at an annualized rate of 2.6% to $4.8 billion, with total enterprise numbers increasing at an annualized rate of 4.1% over the same period. To benefit from relatively lower labor costs, more foreign companies are setting up subsidiaries or joint ventures in China. Increasing demand for new technologies and high-end products will likely continue to contribute to the industry's performance.
Access this data your way
The Geologic Prospecting & Seismic Instrument Manufacturing in China Industry analysis is available in multiple formats to fit seamlessly into your workflow.
API Data Delivery
Feed trusted, human-driven industry intelligence straight into your platform.
Integrations
Streamline your workflow with IBISWorld’s intelligence built into your toolkit.
What's included in this industry analysis
IBISWorld's research coverage on the Geologic Prospecting & Seismic Instrument Manufacturing industry in China includes market sizing, forecasting, data and analysis from 2014-2029. The most recent publication was released November 2024.
About this industry
What's this industry report about?
The Geologic Prospecting & Seismic Instrument Manufacturing industry in China operates under the industry code 4125. The Geological Prospecting and Seismic Instrument Manufacturing industry in China manufactures professional instruments and apparatus for geological prospecting and drilling. Products in this industry include electrical instruments, magnetic prospecting instruments, geophysical prospecting instruments, geochemical exploration instruments, drilling logging instruments, mud analyzers, seismoscopes, photogrammetric instruments and mine safety instruments. Related terms covered in the Geologic Prospecting & Seismic Instrument Manufacturing industry in China include logging while drilling (lwd), rational functional tester (rft) and mineral.
What's included in this industry?
Products and services covered in Geologic Prospecting & Seismic Instrument Manufacturing industry in China include Earthquake precursor instrument, Seismographs and Drilling test and analysis instruments.
What companies are included in this industry?
Companies covered in the Geologic Prospecting & Seismic Instrument Manufacturing industry in China include China National Logging Corporation, Hebei Sercel Junfeng Geophysical Prospecting Equipment Co., Ltd. and Boart Longyear Limited.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Geologic Prospecting & Seismic Instrument Manufacturing industry in China.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Geologic Prospecting & Seismic Instrument Manufacturing industry in China.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Geologic Prospecting & Seismic Instrument Manufacturing industry in China.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Geologic Prospecting & Seismic Instrument Manufacturing industry in China. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Geologic Prospecting & Seismic Instrument Manufacturing industry in China. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Geologic Prospecting & Seismic Instrument Manufacturing industry in China. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Geologic Prospecting & Seismic Instrument Manufacturing industry in China. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Geologic Prospecting & Seismic Instrument Manufacturing industry in China.
Trusted by industry professionals
More than 6,000 businesses use IBISWorld to shape local and global economies
We were able to supplement our reports with IBISWorld’s information from both a qualitative and quantitative standpoint. All of our reporting now features some level of IBISWorld integration.
IBISWorld delivers the crisp business knowledge we need to drive our business. Whether it be serving up our major clients, winning new business or educating on industry issues, IBISWorld brings real value.
IBISWorld has revolutionised business information — which has proved commercially invaluable to exporters, investors and public policy professionals in Australia and overseas.
When you’re able to speak to clients and be knowledgeable about what they do and the state that they operate in, they’re going to trust you a lot more.
Frequently Asked Questions
What is the market size of the Geologic Prospecting & Seismic Instrument Manufacturing industry in China in 2026?
The market size of the Geologic Prospecting & Seismic Instrument Manufacturing industry in China is $4.2bn in 2026.
How many businesses are there in the Geologic Prospecting & Seismic Instrument Manufacturing industry in China in 2024?
There are 157 businesses in the Geologic Prospecting & Seismic Instrument Manufacturing industry in China, which has grown at a CAGR of 5.2 % between 2019 and 2024.
How may import tariffs affect the Geologic Prospecting & Seismic Instrument Manufacturing industry in China?
The Geologic Prospecting & Seismic Instrument Manufacturing industry in China is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.
How may export tariffs affect the Geologic Prospecting & Seismic Instrument Manufacturing industry in China?
The Geologic Prospecting & Seismic Instrument Manufacturing industry in China is likely to be impacted by export tariffs with exports accounting for a moderate share of industry revenue.
Has the Geologic Prospecting & Seismic Instrument Manufacturing industry in China grown or declined over the past 5 years?
The market size of the Geologic Prospecting & Seismic Instrument Manufacturing industry in China has been growing at a CAGR of 3.5 % between 2019 and 2024.
What is the forecast growth of the Geologic Prospecting & Seismic Instrument Manufacturing industry in China over the next 5 years?
Over the next five years, the Geologic Prospecting & Seismic Instrument Manufacturing industry in China is expected to grow.
What are the biggest companies in the Geologic Prospecting & Seismic Instrument Manufacturing industry in China?
The biggest companies operating in the Geologic Prospecting & Seismic Instrument Manufacturing industry in China are China National Logging Corporation, Hebei Sercel Junfeng Geophysical Prospecting Equipment Co., Ltd. and Boart Longyear Limited
What does the Geologic Prospecting & Seismic Instrument Manufacturing industry in China include?
Manufacturing geological exploration instruments and allied equipment and Manufacturing drilling equipment and allied similar appliances are part of the Geologic Prospecting & Seismic Instrument Manufacturing industry in China.
Which companies have the highest market share in the Geologic Prospecting & Seismic Instrument Manufacturing industry in China?
The company holding the most market share in the Geologic Prospecting & Seismic Instrument Manufacturing industry in China is China National Logging Corporation.
How competitive is the Geologic Prospecting & Seismic Instrument Manufacturing industry in China?
The level of competition is moderate and increasing in the Geologic Prospecting & Seismic Instrument Manufacturing industry in China.
Cut through the noise with intelligence you can trust
