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Construction Machinery in China
Construction Machinery in China
- Report price : $ 5 100
- Publication date : January 2008
- Length : 160 pages
Construction Machinery in China
Demand in China to grow 12.7% yearly through 2011
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. 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 to remain 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 12.0 percent 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.
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