The Construction Machinery Industry In China

by

ecvvmarketing

http://www.businessisbiz.com/articles/the-construction-machinery-industry-in-china/

At present, China is the world\’s largest construction machinery market, and has been equipped with relatively complete industrial chain and industrial system. It is undoubtedly a place of strategic importance for the large multinational manufacturers of construction machinery. In the global emerging markets, it is also undoubtedly the most important focus of large multinational manufacturers at present and in the future decade. Today, 39 companies of the 50 global construction machinery manufacturers are foreign companies, of which 37 have entered China, and have built complete business systems, among which most companies have built their research and development bases in China, continuously improved their layout in China. At present, China has become the strategic focus of these foreign companies for their global expansion, and foreign-funded enterprises here have become the \”native\” enterprises. Chinese construction machinery market is becoming one of the world\’s most open, most competitive and highest international markets.

The global economic situation is complicated, but the global construction machinery industry still has the base to grow its market. The current global economic situation is complicated, Europe and America economy once again experienced the economic downturn and the bottom. This year due to the Chinese government curb prices of commodities and the price rising of raw materials, the economic growth speed has slowed down. However, Brazil, India and Russia and other emerging markets still maintain a good growth, and in Latin America , Southeast Asia and Africa, the whole situation is not bad. On the whole, the global construction machinery industry still has the market base for growing, but U.S. and European economies are still the key factor in growth for the global construction machinery industry. On the long run, if the economic downturn in Europe always exist and China doesn\’t relax its macro-regulation, the whole world\’s construction machinery industry will be severely affected. From the global industry climate index of construction machinery industry, in 2008 when the financial crisis, the point was -80%, this year the highest point in January rose to 66.1%, followed by another in September the point fell to -20.2%, which means the impact of the financial crisis is far from over.

From the point view of China\’s construction machinery industry, as the market share of China\’s construction machinery products in the U.S. and Europe is not high, the impact of the current weakness of European and American markets to China\’s construction machinery industry is not big. Sany Heavy Industry Co., Ltd is one of China\’s famous machinery and equipment manufacturer who mainly takes \”engineering\” as the business theme. Now it has entirely entered the construction machinery manufacturing field. The main products of the company are construction machinery, road machinery, mining machinery, piling machinery, lifting machinery, trenchless construction equipment, port machinery, coal machinery, wind power equipment and so on. Among their products, the concrete machinery, piling machinery, crawler cranes, and coal boring machine are the top brand products in the domestic market. The produce of concrete pump truck has replaced the imports, the domestic market share of which is 57%, ranked first in China, and the sales volume of which always ranks first in the world. In 2009, SANY\’s concrete pump truck was recorded by the China World Records Association as first in the product production and sales volume in the world. SANY is in the list of top 50 global manufacturers of construction machinery. It is the world\’s largest concrete machinery manufacturer, top 10 Chinese companies, the most competitive and comprehensive benefits company in engineering machinery industry, and Forbes recorded \”China\’s leading enterprises\”, etc.

1.Resource: http://www.ecvv.com is an innovative and comprehensive business portal in China, dedicated to introduce China qualified products, suppliers and manufacturers to global buyers, and also help global buyers to find much more China qualified products, suppliers and manufacturers.

ecvv.com

is an innovative and comprehensive business portal in China, dedicated to introduce China qualified products, suppliers and manufacturers to global buyers, and als

Article Source:

ArticleRich.com