Abstract
According to the latest statistics of China Construction Machinery Association
of CCMA, sales revenue of China construction machinery industry in 2007
reached above CNY210 billion, ranking the fourth place in the entire China
machinery industry, ranking the second place in the world just after the
United States of America. Its existing market share accounts for one sixth of
the global total.
In 2007, China' s import and export of construction machinery industry
continued a roaring growth. According to statistics of General Administration
of Customs, China' s total trade volume of import and export of construction
machinery reached US$13.64 billion, up 52.6% year on year. In which, import
volume was S$4.94 billion, up 25.7% on year, and export volume was US$8.7
billion, up 73.5% on year, resulting in a trade surplus of US$3.76 billion.
China' s construction machinery industry will maintain a rapid growth in 2008,
in which product mix determines investment value. It is estimated that the
revenue growth rate of China' s construction machinery industry will be about
45% in 2008 and 38% in 2009. In the future development of China' s construction
machinery industry, the companies, which have advantages in product technology
and product mix, will have outstanding investment value.
From the perspective of regional sales of construction machinery, provinces in
central and west parts of China were on the top and the growth rates of sales
in these regions were also the fastest. Based on industry development track in
the past two years, we can draw the conclusion that the industry boom was
non-linear and growth in booming period was beyond company' s expectation.
Sales growth of construction machinery is close related with its downstream
industries, including real estate, railway construction and urban mass transit
construction. In the process of rapid development of China' s urbanization,
demand of real estate industry and infrastructure construction for
construction machinery is inevitably on the upward trend.
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