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Construction Machinery in China to 2015

Abstract

Demand to increase 6.2% per annum through 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.

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.

Study coverage

Construction Machinery in China is a 256-page Freedonia industry study presents historical demand data (2000, 2005, 2010) plus forecasts for 2015 and 2020 by product, market and region of China. The study also assesses market environment factors, evaluates company market share, and profiles 30 industry competitors.

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Table of Contents

INTRODUCTION

I. EXECUTIVE SUMMARY

II. MARKET ENVIRONMENT

  • General
  • Economic Overview
    • Recent Economic Performance
    • Economic Outlook
  • Demographic Overview
    • Population Trends
    • Urbanization
    • Households
  • Labor Force & Employment Trends
  • Personal Income Trends
  • Banking System & Regulations
  • Currency Exchange Rates
  • Industrialization & Manufacturing Trends
  • Construction Expenditures
    • Residential Building
      • New Housing
      • Improvements & Repairs
      • Housing Stock & Living Space
    • Nonresidential Building
      • New Nonresidential Building Construction
      • Improvements & Repairs
      • Nonresidential Building Stock
    • Nonbuilding
      • New Nonbuilding Construction
      • Improvements & Repairs
  • The Twelfth Five-Year Plan
  • Legislative & Regulatory Environment
  • Technological Trends
  • Rental & Used Machinery
  • World Outlook
    • Demand
    • Production
  • Foreign Trade
    • Imports
    • Exports

III. PRODUCTS

  • General
  • Excavators & Cranes
    • Excavators
    • Cranes
  • Loaders
    • Front-End Loaders
    • Backhoe Loaders
  • Mixers & Related Equipment
    • Mixers
    • Mixer Related Equipment
  • Rollers & Related Equipment
    • Rollers
    • Roller Related Equipment
  • Bulldozers & Off-Highway Trucks
    • Bulldozers
    • Off-Highway Trucks
  • Parts & Attachments

IV. MARKETS

  • General
  • Residential Building Market
    • Demand by Application
      • New Construction
      • Improvements & Repairs
    • Demand by Structure
    • Demand by Product
  • Nonresidential Building Market
    • Demand by Application
      • New Construction
      • Improvements & Repairs
    • Demand by Structure
    • Demand by Product
  • Nonbuilding Market
    • Demand by Application
      • New Construction
      • Improvements & Repairs
    • Demand by Structure
    • Demand by Product

V. REGIONAL TRENDS

  • General
  • Regional Demographic & Economic Trends
    • Population Patterns
    • Economic Outlook
  • Regional Construction Expenditures
  • Regional Demand for Construction Machinery
    • Central-North
      • Overview
      • Construction Machinery Demand
    • Northeast
      • Overview
      • Construction Machinery Demand
    • Central-East
      • Overview
      • Construction Machinery Demand
    • Central-South
      • Overview
      • Construction Machinery Demand
    • Southwest
      • Overview
      • Construction Machinery Demand
    • Northwest
      • Overview
      • Construction Machinery Demand

VI. INDUSTRY STRUCTURE

  • General
  • Industry Composition
  • Market Share
  • Marketing & Distribution
  • Acquisitions & Divestitures
  • Cooperative Agreements
  • Foreign Participation in the Chinese Market
    • Legal & Regulatory Issues
    • Joint Ventures
    • Wholly Owned Foreign Enterprises
    • Representative Offices

COMPANY PROFILES

  • Anhui HeLi Company Limited
  • Anhui Xingma Automobile Company Limited
  • AsiaTrak Tianjin Limited, see Caterpillar
  • Atlas Construction Machinery, see Inner Mongolia North Hauler Joint Stock
  • BOMAG, see Groupe Fayat
  • Bucyrus International, see Caterpillar
  • Bucyrus NHL Mining Equipment, see Caterpillar and Inner Mongolia North Hauler Joint Stock
  • Caterpillar Incorporated
  • Changlin Company, see China National Machinery
  • Changsha Zoomlion Heavy Industry Science & Technology Development, see Zoomlion Heavy Industry Science and Technology
  • Changzhou Hyundai Construction Machinery, see Changlin and Hyundai Heavy Industries
  • China Communications Construction Company Limited
  • China National Machinery Industry Corporation
  • Concrete Machinery Branch, see Zoomlion Heavy Industry Science and Technology
  • Deere & Company
  • DHI DCW Group Company Limited
  • Dingsheng Tiangong Construction Machinery, see China National Machinery Industry Group
  • Doosan Infracore Company Limited
  • First Tractor, see China National Machinery Industry
  • Foton Lovol International Heavy Industries Company Limited
  • Groupe Fayat
  • Guangxi Liugong Machinery Company Limited
  • Guangxi Yuchai Heavy Industry, see Yuchai Machinery
  • Hitachi Limited
  • Hyundai Heavy Industries Company Limited
  • Hyundai Jiangsu Construction Machinery, see Changlin and Hyundai Heavy Industries
  • Inner Mongolia North Hauler Joint Stock Company Limited
  • JCB Limited
  • Kobe Steel Limited
  • Kobelco Construction Machinery, see Kobe Steel
  • Komatsu Changzhou Construction Machinery, see Changlin and Komatsu
  • Komatsu Limited
  • Komatsu Shantui Construction Machinery, see Komatsu
  • and Shantui Construction Machinery
  • Liebherr-International AG
  • Lonking Holdings Limited
  • Mobile Crane Branch, see Zoomlion Heavy Industry Science and Technology
  • Road Machinery Branch, see Zoomlion Heavy Industry
  • Science and Technology
  • SANY Heavy Industry Company Limited
  • Shaanxi Construction Machinery Company Limited
  • Shaanxi Zoomlion Earth Working, see Zoomlion Heavy Industry Science and Technology
  • Shandong Lingong Construction Machinery, see Volvo
  • Shandong SEM Machinery, see Caterpillar
  • Shantui Construction Machinery Company Limited
  • Sichuan Changjiang Engineering Crane Company Limited
  • Terex Corporation
  • Terex NHL Equipment, see Caterpillar and Inner Mongolia North Hauler Joint Stock
  • Volvo AB
  • Xi'an Road Construction Machinery, see China Communications Construction
  • Xiamen XGMA Machinery Company Limited
  • Xuanhua Construction Machinery Company Limited
  • Xuzhou Construction Machinery Group Incorporated
  • Xuzhou XCMG Doosan Engine, see Doosan Infracore and Xuzhou Construction Machinery
  • Yuchai Machinery Company Limited
  • Zoomlion Heavy Industry Science and Technology Company Limited

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

  • Summary Table

SECTION II -- MARKET ENVIRONMENT

  • 1 Gross Domestic Product of China
  • 2 Population of China by Age
  • 3 Households in China by Region
  • 4 Urban Labor Force & Employment in China, 2000-2010
  • 5 Personal Income & Expenditure Patterns in China
  • 6 Interest Rates in China, 2000-2010
  • 7 Chinese Currency Exchange Rates, 2000-2010
  • 8 Manufacturing Value Added in China
  • 9 Construction Expenditures in China by Market & Application
  • 10 Residential Building Construction Expenditures in China
  • 11 New Residential Housing Construction in China
  • 12 Housing Stock & Living Space in China
  • 13 Nonresidential Building Construction Expenditures in China by Application & Building Type
  • 14 Nonresidential Building Stock in China
  • 15 Nonbuilding Construction Expenditures in China by Application & Structure
  • 16 Construction Machinery Foreign Trade in China
  • 17 China Construction Machinery Imports by Source, 2006-2010
  • 18 China Construction Machinery Exports by Destination, 2006-2010

SECTION III -- PRODUCTS

  • 1 Construction Machinery Supply & Demand in China by Type
  • 2 Excavator & Crane Supply & Demand in China
  • 3 Excavator Supply & Demand in China
  • 4 Crane Supply & Demand in China
  • 5 Loader Supply & Demand in China
  • 6 Front-End Loader Supply & Demand in China
  • 7 Backhoe Loader Supply & Demand in China
  • 8 Mixer & Related Equipment Supply & Demand in China
  • 9 Mixer Supply & Demand in China
  • 10 Mixer Related Equipment Supply & Demand in China
  • 11 Roller & Related Equipment Supply & Demand in China
  • 12 Roller Supply & Demand in China
  • 13 Roller Related Equipment Supply & Demand in China
  • 14 Bulldozer & Off-Highway Truck Supply & Demand in China
  • 15 Bulldozer Supply & Demand in China
  • 16 Off-Highway Truck Supply & Demand in China
  • 17 Parts & Attachments Supply & Demand in China

SECTION IV -- MARKETS

  • 1 Construction Machinery Demand in China by Market
  • 2 Residential Building Construction Machinery Demand in China by Application
  • 3 New Residential Building Construction Machinery Demand in China
  • 4 Residential Improvement & Repair Construction Machinery Demand in China
  • 5 Residential Building Construction Machinery Demand in China by Structure
  • 6 Residential Building Construction Machinery Demand in China by Product
  • 7 Nonresidential Building Construction Machinery Demand in China by Application
  • 8 New Nonresidential Building Construction Machinery Demand in China
  • 9 Nonresidential Improvement & Repair Construction Machinery Demand in China
  • 10 Nonresidential Building Construction Machinery Demand in China by Structure
  • 11 Nonresidential Building Construction Machinery Demand in China by Product
  • 12 Nonbuilding Construction Machinery Demand in China by Application
  • 13 New Nonbuilding Construction Machinery Demand in China
  • 14 Nonbuilding Improvement & Repair Construction Machinery Demand in China
  • 15 Nonbuilding Construction Machinery Demand in China by Structure
  • 16 Nonbuilding Construction Machinery Demand in China by Product

SECTION V -- REGIONAL TRENDS

  • 1 Population of China by Region
  • 2 Gross Domestic Product of China by Region
  • 3 Construction Expenditures in China by Region
  • 4 Construction Machinery Demand in China by Region
  • 5 Central-North Region of China: Construction Machinery Demand
  • 6 Northeast Region of China: Construction Machinery Demand
  • 7 Central-East Region of China: Construction Machinery Demand
  • 8 Central-South Region of China: Construction Machinery Demand
  • 9 Southwest Region of China: Construction Machinery Demand
  • 10 Northwest Region of China: Construction Machinery Demand

SECTION VI -- INDUSTRY STRUCTURE

  • 1 Revenue Data: Selected Construction Machinery Companies, 2010
  • 2 Selected Acquisitions & Divestitures
  • 3 Selected Cooperative Agreements

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT

  • 1 Population of China by Age, 2000-2020
  • 2 Interest Rates in China, 2000-2010
  • 3 Chinese Currency Exchange Rates, 2000-2010
  • 4 Construction Expenditures in China by Market, 2010
  • 5 World Construction Machinery Demand by Region, 2010
  • 6 World Construction Machinery Shipments by Region, 2010
  • 7 China Construction Machinery Imports by Source, 2010
  • 8 China Construction Machinery Exports by Destination, 2010

SECTION III -- PRODUCTS

  • 1 Construction Machinery Demand in China by Type, 2010

SECTION IV -- MARKETS

  • 1 Construction Machinery Demand in China by Market, 2000-2020
  • 2 Residential Building Construction Machinery Demand in China by Product, 2010
  • 3 Nonresidential Building Construction Machinery Demand in China by Product, 2010
  • 4 Nonbuilding Construction Machinery Demand in China by Product, 2010

SECTION V -- REGIONAL TRENDS

  • 1 Construction Machinery Demand in China by Region, 2010
  • 2 Central-North Region of China
  • 3 Northeast Region of China
  • 4 Central-East Region of China
  • 5 Central-South Region of China
  • 6 Southwest Region of China
  • 7 Northwest Region of China

SECTION VI -- INDUSTRY STRUCTURE

  • 1 Construction Machinery Market Share in China by Company, 2010
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