Construction Machinery Market in China to 2015
Construction Machinery in China to 2015
Demand for construction machinery in China is expected to rise 6.2 percent per year to 387 billion yuan in 2015, supported by continuing gains in construction spending, especially in infrastructure development. Growth in construction activity will be driven by continuing industrialization and increasing personal and business income levels. However, gains will decelerate from the torrid pace of the 2005-2010 period as a result of a moderating outlook for the economy in China as a whole. This will impact total construction expenditures, which are expected to grow at a slower pace through the forecast period, limiting stronger market gains for construction machinery. http://www.bharatbook.com/market-research-reports/construction-market-research-report/construction-machinery-in-china-to-2015.html
The Twelfth Five-Year Plan aims to encourage domestic producers to upgrade their products and improve innovation in product development so as to maintain sustainable growth. These technological improvements, coupled with pricing advantages due to relatively low production costs, will spur growth in shipments of all types of construction machinery by Chinese producers. As a result of such improvements, China will erase its trade deficit in construction machinery and become a net exporter.
Excavators/cranes to remain largest product segment
Excavators and cranes are the largest construction machinery product segment due to their widespread use in both building and nonbuilding construction. The better versatility and flexibility of excavators will also ensure their widespread use in all types of construction applications in China. Loaders, the second largest product type, will see healthy demand increases, benefiting from their functional versatility. Mixers and related equipment will be one of the fastest growing product segments, benefiting from greater use in numerous types of infrastructure projects that are intensive users of cement. Parts and attachments will see the most rapid growth due to favorable government policies under the Twelfth Five-Year Plan.
Northwest region to be fastest growing in China
The size, growth, and composition of construction machinery demand in the six regions of China vary considerably due to regional differences in economic, social, and cultural conditions. In all regions, gains will decelerate from 2000-2010 rates as a result of moderating growth in the Chinese economy. Due to its large share of the nation’s population and economic activity, the Central-East will remain the largest regional market for construction machinery with 42 percent of national demand in 2015. Although small, the Northwest is expected to be the fastest growing regional market, primarily benefiting from the central government’s Great Western Development program.
For more information kindly visit : http://www.bharatbook.com/market-research-reports/construction-market-research-report/construction-machinery-in-china-to-2015.html
Contact us at :
Bharat Book Bureau
Ph.: + 91 22 27810772 / 27810773
Fax: + 91 22 27812290
Follow us on twitter: http://twitter.com/#!/Sandhya3B
Our Blogs : http://bharatbookblog.wordpress.com/
Bharatbook - About Author:
Bharat Book Bureau, the leading market research information aggregator provides market research reports, company profiles, country reports, newsletters, and online databases for the past twenty four years to corporate, consulting firms, academic institutions, government departments, agencies etc., globally, including India. Our market research reports help global companies to know different market before starting up business / expanding in different countries across the world.
Published by Ravinder on January 20th 2012 | Business
Published by Frank Joseph on July 6th 2012 | Business
Published by Sonia Nathani on March 17th 2012 | Business
Published by Vantage Agora on June 6th 2012 | Business
Published by Bncscientific on June 5th 2012 | Business
Published by Bncscientific on June 15th 2012 | Business
Published by Todd Viscometer on May 14th 2012 | Business
Published by Snooozy on February 15th 2012 | Business
Published by Snooozy on December 14th 2011 | Business
Research is very crucial as they assist in gathering Public opinion research regarding a particu...
Published by Uhdakota on April 23rd 2012 | Business