Abstract
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.
Study coverage
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.
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