Robust forecast to China construction machinery
Demand for construction machinery in China is forecast to increase +6.2% per year to reach CNY 387 billion (US$ 61 billion) by 2015, according to research company Freedonia.
Hongxing has launched its second generation of compact
horizontal impact crushers (HSI), and the
company said that the CI511/512 crusher combined the ability to configure one
base crusher into either a primary jaw crusher
or a secondary configuration.
But while this is a robust forecast, it is
nevertheless a far cry from the +29% growth seen in the Chinese equipment market
between 2005 and 2010. "You cannot beta test your machines with customers
anymore," says Mr Kulawik, The customer is not prepared to be a pioneer anymore,
they will not tolerate downtime they want immediate efficiency."
The new
machines must have succeeded in generating that confidence as Palfinger has
substantial pre-orders for each: over 50 units for the P210 BK and 40 for the
P300 KS.
Similarly, sales of loaders are expected to grow +5.9% year-on-year
between 2010 and 2015 to reach CNY 71.5 billion (US$ 11 billion) - a slowdown
compared to the +15.6% annual growth recorded between 2005 and 2010. Freedonia
said the deceleration in growth was down to a moderating outlook for the economy
in China as a whole, resulting in a slowdown in construction
investment.
Nevertheless, infrastructure development is forecast to be the
driving force behind construction sales for the five years to 2015. Hongxing
said the new HSI crusher possessed a revolutionary chamber design resulting in
greater reduction ratios. It claimed the crusher was able to produce products
with two curtains, while competitors required three-curtain cone crushers
to produce the same.
Excavators and cranes are the most popular construction
machines in China, and sales are expected to increase +6.2% annually between
2010 and 2015 to reach CNY 232 billion (US$ 36 billion).
This compares to
growth of +38.5% between 2005 and 2010, when the market for this equipment
jumped from CNY 33.7 billion (US$ 5.3 billion) to CNY 172 billion (US$ 27
billion).
Sales of mixers and related equipment are expected to grow +6.2%
per year in the five years to 2015 to reach CNY 30.5 billion (US$ 4.8 billion),
compared to +26.4% annual growth between 2005 and 2010, while rollers and
related equipment are forecast to grow +5.8% per year in the five years to 2015
to CNY 11.8 billion (US$ 1.8 billion), compared to +16.2% annual growth in the
five years to 2010.