News
Construction Machinery in China
[2009-4-11] (view：221)
[2009-4-11] (view：221)
The construction machinery market in China expanded 21.3 percent per year during the last five years and reached ¥99.7 billion in 2006. Demand is projected to increase 12.7 percent per annum through 2011 to ¥181.0 billion.
FOR IMMEDIATE RELEASE
PRLog (Press Release) ¨C Aug 28, 2008 ¨C Growth will be driven by healthy gains in construction activity as industrialization efforts continue and personal and business income levels rise. Further privatization of home ownership, sustained strength in foreign investment, and a rapidly expanding domestic consumer market will also contribute to construction machinery market gains.
Excavators, cranes toremain leading types
Excavators and Cranes will remain the most commonly used construction machinery in China over the forecast period, benefiting from their widespread use in both building and nonbuilding construction activity. Demand for construction excavators and cranes in China is projected to expand 12.0percent annually through 2011 to ¥56.5 billion. Rising prices will also contribute to future value gains as the equipment used in China becomes more technologically sophisticated. Nonetheless, loaders, mixers and related equipment will see even faster demand growth in China. Gains in this segment will be driven by increasing versatility of loaders and the prohibition of on-site concrete mixing in Chinese city center construction projects, which will drive demand for premixed concrete and related mixing machinery.
Opportunities vary by region
The Central-East has traditionally seen the highest levels of construction machinery sales in China. This region is also expected to be the fastestgrowing regional market for construction machinery through 2011. Large shares of overall national construction expenditures will boost the economic outlook in the Central-East and sustain a vast construction machinery market in this region. Demand for construction machinery in the Northwest regions will also see a significant growth through 2011, primarily benefiting from the government¡¯s Go West strategy. The expected expansion of China¡¯s current high growth to the underdeveloped rural and western regions will create significant opportunities for construction machinery suppliers.
Industry consolidation expected
The construction machinery industry in China is fragmented compared with mature industrialized markets, and is comprised of hundreds of competitors. However, this industry is more concentrated than most equipment manufacturing industries in China due to intense competition among both domestic and foreign participants. In 2006, the top five producers supplied more than 30 percent of the market. Consolidation is expected as intensifying competition and rising technological requirements force small and inefficient operations to exit the industry.
Study coverage
This new industry study, Construction Machinery in China, is priced at $5100. It presents historical demand data for the years 1996, 2001 and 2006 plus forecasts for 2011 and 2016 by product, market and region. In addition, this study considers market environment factors, evaluates market share and profiles leading competitors.
For more Information, Kindly visit - http://www.bharatbook.com/detail.asp?id=75138
FOR IMMEDIATE RELEASE
PRLog (Press Release) ¨C Aug 28, 2008 ¨C Growth will be driven by healthy gains in construction activity as industrialization efforts continue and personal and business income levels rise. Further privatization of home ownership, sustained strength in foreign investment, and a rapidly expanding domestic consumer market will also contribute to construction machinery market gains.
Excavators, cranes toremain leading types
Excavators and Cranes will remain the most commonly used construction machinery in China over the forecast period, benefiting from their widespread use in both building and nonbuilding construction activity. Demand for construction excavators and cranes in China is projected to expand 12.0percent annually through 2011 to ¥56.5 billion. Rising prices will also contribute to future value gains as the equipment used in China becomes more technologically sophisticated. Nonetheless, loaders, mixers and related equipment will see even faster demand growth in China. Gains in this segment will be driven by increasing versatility of loaders and the prohibition of on-site concrete mixing in Chinese city center construction projects, which will drive demand for premixed concrete and related mixing machinery.
Opportunities vary by region
The Central-East has traditionally seen the highest levels of construction machinery sales in China. This region is also expected to be the fastestgrowing regional market for construction machinery through 2011. Large shares of overall national construction expenditures will boost the economic outlook in the Central-East and sustain a vast construction machinery market in this region. Demand for construction machinery in the Northwest regions will also see a significant growth through 2011, primarily benefiting from the government¡¯s Go West strategy. The expected expansion of China¡¯s current high growth to the underdeveloped rural and western regions will create significant opportunities for construction machinery suppliers.
Industry consolidation expected
The construction machinery industry in China is fragmented compared with mature industrialized markets, and is comprised of hundreds of competitors. However, this industry is more concentrated than most equipment manufacturing industries in China due to intense competition among both domestic and foreign participants. In 2006, the top five producers supplied more than 30 percent of the market. Consolidation is expected as intensifying competition and rising technological requirements force small and inefficient operations to exit the industry.
Study coverage
This new industry study, Construction Machinery in China, is priced at $5100. It presents historical demand data for the years 1996, 2001 and 2006 plus forecasts for 2011 and 2016 by product, market and region. In addition, this study considers market environment factors, evaluates market share and profiles leading competitors.
For more Information, Kindly visit - http://www.bharatbook.com/detail.asp?id=75138