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Brief information about China Construction Equipment Market
As China's economy is growing rapidly, the demand for China's construction
machinery is increasing, with a market scale of nearly
20 billion USD in 2007. Calculated by annual sales, China's construction
machinery industry only ranks behind America and Japan with total production of
over 400 thousand surpassing Japan, ranking 2nd in the world.
As far as import is concerned, the import volume of whole machinery in 2007
reached 3.1 billion USD, an increase of 19% over 2006, accounting for 63% of
import volume; and the import volume of spare parts was 1.85 billion USD,
increased by 39% as compared with the last year, accounting for 37% of import
volume. The complete machinery products with import volume over 100 million USD
include the following catalogues: crawler excavator, tunnel borer, elevator and
escalator, electric fork-lift truck and diesel fork-lift truck, crawling cranes
and other cranes.
On the export side, the export volume of complete machinery in 2007 reached 5.9
billion USD, an increase of 83% over 2006, accounting for 68% of the export
volume; and the export volume of spare parts was 2.8 billion USD, increased by
57% as compared with the last year, accounting for 32% of the export volume. The
complete machinery products with export volume over 100 million USD include the
following catalogues: crawler excavator, truck crane, tower crane, crawling
crane and other cranes, loader, road roller, bulldozer, road builder and road
grader, electric fork-lift truck and diesel fork-lift truck, manual porter,
hand-hold pneumatic tool, elevator and escalator, concrete mixer truck and other
concrete mixer machinery.
In November, 2008, Chinese government worked out a plan of investing 4 trillion
RMB Yuan (about 571 billion USD) to promote economic growth during 2009-2010.
This move is significant to China's construction machinery industry since the
plan mainly focuses on fixed assets investment, and will undoubtedly lead to a
high growth of China's construction machinery market from 2009 to 2010. As the
general technical level of China's local construction machinery enterprises is
not high, it is a good opportunity for international companies to enter China's
market from 2009 to 2010. |
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