Issuu on Google+

Construction Machinery Industry in China, 2014-2018

Published Date: March 2014 Price: Single User: US$2800

No. of Pages: 80 Corporate User: US$4200


New Market Research Report on “Construction Machinery Industry in China, 2014-2018 � added to ReportsnReports.com In 2013, China''s GDP increased by 7.7% YOY. According to IMF, the growth rate of global economy was merely 3%. China remains one of the fastest growing countries in terms of GDP and resident income in recent years. The GDP per capita was approximately USD 6,600 in 2013, far behind that of developed countries. Therefore, Chinese economy shows great potential for growth. In 2013, the investment in fixed assets was CNY 44.7074 trillion in China, up by 19.3% YOY. The rapid growth stimulates demand for construction machinery. Consequently, as the global production and demand transfer, China becomes an important market and the manufacturing center of construction machinery with most of the market seized by the foreignfunded enterprises.

In 2013, the sales revenue of construction machinery industry surpassed CNY 600 billion in China, up by over 10% YOY. The sales revenue of top 50 enterprises accounted for over 80% of the industry while that of XCMG exceeded CNY 100 billion. The annual sales revenue of over 10 manufacturers of construction machinery, including foreign funded enterprises, surpassed CNY 10 billion.


Construction Machinery Industry in China, 2014-2018

Investment and M&A remained as the main trend of the industry due to high expectation of market demand. It is noteworthy that Chinese manufacturers of construction machinery are expanding business overseas. Certain Chinese manufacturers with strong competitiveness expand export and operate internationally through M&A and joint ventures. For instance, Weichai Power Co., Ltd., a subsidiary of Shandong Heavy Industry Group, purchased shares of KION Group. Liugong Machinery (Poland) sp. z o. o. signed Conditional Acquisition Contract with the asset custody side of ZZN Transmission Plant in Stalowa Wola, Poland. SANY GROUP purchased the remaining 10% shares of Putzmeister and became its 100% shareholder. Chinese government is determined to maintain economic growth through structure adjustment and reform instead of investment in fixed assets under the pressure of economy slowdown. The measures are proved to be effective in terms of urbanization. It once referred to an influx of rural migrants to cities that resulted in urban traffic congestion and increasing crime rate. However, current urbanization policies attempt to absorb surplus rural labors through synchronized development of small towns and medium to large cities. The number of small towns is approximately 20,000 in China. It is estimated that new urbanization infrastructure will stimulate demand of CNY 0.40.5 million for investment in fixed assets in the next 10 years. Decline of the governmental investment will make room for nonstateowned capital. The annual growth rate of investment in fixed assets like transportation, infrastructure and real estate is expected to surpass 15% in the coming years. Buy a copy of this report @ http://www.reportsnreports.com/purchase.aspx?name=279165 . Browse more research reports on Manufacturing @ http://www.reportsnreports.com/marketresearch/manufacturing/ .


About ReportsnReports ReportsnReports.com is your single source for all market research needs. Our database includes 250,000+ syndicated market research reports from 100+ leading global publishers covering indepth analysis of over 5000 micro markets. With comprehensive information about the publishers and their report methodology, data sources, etc. we help you in your purchase decision by mapping your information needs with the most relevant available reports in our library.

Connect with us: sales@reportsandreports.com + 1 888 391 5441

Contact: sales@reportsandreports.com for further information. Contact: sales@reportsandreports.com for further information.


China Construction Machinery Market Analysis of Sub-industries, 2018