Construction Machinery in China

Construction Machinery in China

The construction machinery market in China expanded 21.3 percent per year during the last five years and reached ¥99.7 billion in 2006. Demand is projected to increase 12.7 percent per annum through 2011 to ¥181.0 billion. Growth will be driven by healthy gains in construction activity as industrialization efforts continue and personal and business income levels rise. Further privatization of home ownership, sustained strength in foreign investment, and a rapidly expanding domestic consumer market will also contribute to construction machinery market gains.

Excavators, cranes toremain leading types

Excavators and Cranes will remain the most commonly used construction machinery in China over the forecast period, benefiting from their widespread use in both building and nonbuilding construction activity. Demand for construction excavators and cranes in China is projected to expand 12.0percent annually through 2011 to ¥56.5 billion. Rising prices will also contribute to future value gains as the equipment used in China becomes more technologically sophisticated. Nonetheless, loaders, mixers and related equipment will see even faster demand growth in China. Gains in this segment will be driven by increasing versatility of loaders and the prohibition of on-site concrete mixing in Chinese city center construction projects, which will drive demand for premixed concrete and related mixing machinery.

Opportunities vary by region

The Central-East has traditionally seen the highest levels of construction machinery sales in China. This region is also expected to be the fastestgrowing regional market for construction machinery through 2011. Large shares of overall national construction expenditures will boost the economic outlook in the Central-East and sustain a vast construction machinery market in this region. Demand for construction machinery in the Northwest regions will also see a significant growth through 2011, primarily benefiting from the government’s Go West strategy. The expected expansion of China’s current high growth to the underdeveloped rural and western regions will create significant opportunities for construction machinery suppliers.

Industry consolidation expected

The construction machinery industry in China is fragmented compared with mature industrialized markets, and is comprised of hundreds of competitors. However, this industry is more concentrated than most equipment manufacturing industries in China due to intense competition among both domestic and foreign participants. In 2006, the top five producers supplied more than 30 percent of the market. Consolidation is expected as intensifying competition and rising technological requirements force small and inefficient operations to exit the industry.

Study coverage

This new industry study, Construction Machinery in China, is priced at $5100. It presents historical demand data for the years 1996, 2001 and 2006 plus forecasts for 2011 and 2016 by product, market and region. In addition, this study considers market environment factors, evaluates market share and profiles leading competitors.

Table of Contents :-

INTRODUCTION
I. EXECUTIVE SUMMARY
II. MARKET ENVIRONMENT

General 4
Economic Overview 5
Demographic Overview 8
Population Trends 9
Households 12
Labor Force & Employment Trends 13
Personal Income Trends 17
Banking System & Regulations 19
Currency Exchange Rates 22
Industrialization & Manufacturing Trends 25
Construction Expenditures 26
Residential Building 29
New Housing 32
Improvements & Repairs 34
Housing Stock & Living Space 35
Nonresidential Building 39
New Nonresidential Building Construction 41
Improvements & Repairs 41
Nonresidential Building Stock 42
Nonbuilding 43
New Nonbuilding Construction 46
Improvements & Repairs 47
The Five-Year Plan 48
Legislative & Regulatory Environment 51
Technological Trends 52
Rental & Used Machinery 54
World Outlook 55
Demand 57
Production 60
Foreign Trade 62
Imports 63
Exports 66

III. PRODUCTS 69
General 69
Excavators & Cranes 72
Excavators 74
Cranes 76
Loaders 78
Front-End Loaders 80
Backhoe Loaders 82
Mixers & Related Equipment 83
Mixers 85
Mixer Related Equipment 87
Rollers & Related Equipment 89
Rollers 91
Roller Related Equipment 93
Off-Highway Trucks & Tractors 95
Off-Road Tractors 96
Off-Highway Trucks 98
Parts & Attachments 99

IV. MARKETS 102

General 102
Residential Building 105
Demand by Application 105
New Construction 106
Improvements & Repairs 107
Demand by Structure 109
Demand by Product 110
Nonresidential Building Market 112
Demand by Application 113
New Construction 114
Improvements & Repairs 115
Demand by Structure 116
Demand by Product 119
Nonbuilding Market 121
Demand by Application 122
New Construction 123
Improvements & Repairs 124
Demand by Structure 125
Demand by Product 128

V. REGIONAL TRENDS 131
General 131
Regional Demographic & Economic Trends 133
Population Patterns 134
Economic Outlook 136
Regional Construction Expenditures Outlook 138
Regional Demand for Construction Machinery 139
Central-North 141
Overview 141
Construction Machinery Demand 143
Northeast 146
Overview 146
Construction Machinery Demand 149
Central-East 151
Overview 151
Construction Machinery Demand 152
Central-South 155
Overview 155
Construction Machinery Demand 156
Southwest 159
Overview 159
Construction Machinery Demand 160
Northwest 163
Overview 163
Construction Machinery Demand 164

VI. INDUSTRY STRUCTURE 167
General 167
Industry Composition 168
Market Share 171
Marketing & Distribution 174
Acquisitions & Divestitures 175
Cooperative Agreements 178
Foreign Participation in China 182
Legal & Regulatory Issues 182
Joint Ventures 185
Wholly Owned Foreign Enterprises 187
Representative Offices 188
Company Profiles 188
Anhui HeLi Company Limited 190
Atlas Construction Machinery Company Limited, see Inner Mongolia North Hauler Joint Stock Company and Terex Anhui Xingma Automobile Company Limited 91
AsiaTrak Tianjin Limited, see Caterpillar BOMAG GmbH, see Groupe Fayat Caterpillar Incorporated 192
Caterpillar Xuzhou Limited, see Caterpillar and Xuzhou Construction Machinery Group Changlin Company Limited 195
Changsha Zoomlion Heavy Industry Science & Technology Development Company Limited 196
Changzhou Hyundai Construction Machinery, see Changlin Company and Hyundai Heavy Industries China Communications Construction Company Limited 198
China Infrastructure Machinery Holdings Limited 199
Deere & Company 201
DHI-DCW Group Company Limited 203
Dingsheng Tiangong Construction Machinery 204
Doosan Infracore Company Limited 205
First Tractor Company Limited, see YTO Group Foton Lovol Heavy Industry Company Limited 207
Groupe Fayat 208
Guangxi Liugong Machinery Company Limited 209
Hitachi Limited 211
Hyundai Heavy Industries Company Limited 213
Hyundai Jiangsu Construction Machinery, see Changlin and Hyundai Heavy Industries Ingersoll-Rand Company Limited 215
Inner Mongolia North Hauler Joint Stock Company 216
JCB Limited 218
Jilin Hengye Engineering Machinery Company Limited 219
Kobe Steel Limited 220
Komatsu Changzhou Construction Machinery, see Changlin and Komatsu Komatsu Limited 222
Komatsu Shantui Construction Machinery, see Komatsu and Shantui Construction Machinery Liebherr-International AG 224
North Terex Unit Rig Company, see Inner Mongolia North Hauler Joint Stock Company and Terex SANY Heavy Industry Company Limited 226
Shaanxi Construction Machinery Company Limited 227
Shandong Lingong Construction Machinery, see Volvo Shandong SEM Machinery, see Caterpillar Shantui Construction Machinery Company Limited 228
Sichuan Changjiang Engineering Crane Company 229
Taiyuan Heavy Industry Company Limited 230
Terex Corporation 231
Volvo AB 234
Xi’an Road Construction Machinery, see China Communications Construction
Xiamen XGMA Machinery Company Limited 236
Xuanhua Construction Machinery Company Limited 237
Xuzhou Construction Machinery Group 238
YTO Group Corporation 239
Yuchai Machinery Company Limited 240

SECTION I — EXECUTIVE SUMMARY
Summary Table 3

SECTION II — MARKET ENVIRONMENT
1 Gross Domestic Product of China 8
2 Population of China by Age 11
3 Households in China by Region 13
4 Urban Labor Force & Employment in China, 1996-2006 16
5 Personal Income & Expenditure Patterns in China 18
6 Interest Rates in China, 1996-2006 21
7 Chinese Currency Exchange Rates, 1996-2006 24
8 Manufacturing Value Added in China 26
9 Construction Expenditures in China by Market & Application 28
10 Residential Building Construction Expenditures in China 32
11 New Residential Housing Construction in China 34
12 Housing Stock & Living Space in China 38
13 Nonresidential Building Construction Expenditures by Application & Structure in China 40
14 Nonresidential Building Stock in China 43
15 Nonbuilding Construction Expenditures in China by Application & Structure 46
16 World Construction Machinery Demand by Region 59
17 World Construction Machinery Shipments by Region 61
18 Construction Machinery Foreign Trade in China 63
19 China Construction Machinery Imports by Source, 2004-2006 65
20 China Construction Machinery Exports by Destination, 2004-2006 68

SECTION III — PRODUCTS
1 Construction Machinery Supply & Demand in China by Type 71
2 Excavator & Crane Supply & Demand in China 74
3 Excavator Supply & Demand in China 76
4 Crane Supply & Demand in China 78
5 Loader Supply & Demand in China 80
6 Front-End Loader Supply & Demand in China 81
7 Backhoe Loader Supply & Demand in China 83
8 Mixer & Related Equipment Supply & Demand in China 85
9 Mixer Supply & Demand in China 87
10 Mixer Related Equipment Supply & Demand in China 89
11 Roller & Related Equipment Supply & Demand in China 91
12 Roller Supply & Demand in China 93
13 Roller Related Equipment Supply & Demand in China 94
14 Off-Highway Truck & Tractor Supply & Demand in China 96
15 Off-Road Tractor Supply & Demand in China 98
16 Off-Highway Truck Supply & Demand in China 99
17 Parts & Attachments Supply & Demand in China 101

SECTION IV — MARKETS
1 Construction Machinery Demand in China by Market 104
2 Residential Building Construction Machinery Demand in China by Application 106
3 New Residential Building Construction Machinery Demand in China 107
4 Residential Improvement & Repair Construction Machinery Demand in China 108
5 Residential Building Construction Machinery Demand in China by Structure 110
6 Residential Building Construction Machinery Demand in China by Product 111
7 Nonresidential Building Construction Machinery Demand in China by Application 114
8 New Nonresidential Building Construction Machinery Demand in China 115
9 Nonresidential Improvement & Repair Construction Machinery Demand in China 116
10 Nonresidential Building Construction Machinery Demand in China by Structure 119
11 Nonresidential Building Construction Machinery Demand in China by Product 120
12 Nonbuilding Construction Machinery Demand in China by Application 123
13 New Nonbuilding Construction Machinery Demand in China 124
14 Nonbuilding Improvement & Repair Construction Machinery Demand in China 125
15 Nonbuilding Construction Machinery Demand in China by Structure 128
16 Nonbuilding Construction Machinery Demand in China by Product 129

SECTION V — REGIONAL TRENDS
1 Population of China by Region 136
2 Gross Domestic Product of China by Region 137
3 Construction Expenditures in China by Region 139
4 Construction Machinery Demand in China by Region 140
5 Central-North Region of China: Construction Machinery Demand 146
6 Northeast Region of China: Construction Machinery Demand 150
7 Central-East Region of China: Construction Machinery Demand 154
8 Central-South Region of China: Construction Machinery Demand 158
9 Southwest Region of China: Construction Machinery Demand 162
10 Northwest Region of China: Construction Machinery Demand 166

SECTION VI — INDUSTRY STRUCTURE
1 Revenue Data: Selected Construction Machinery Companies, 2006 170
2 Selected Acquisitions & Divestitures 177
3 Selected Cooperative Agreements 179

SECTION II — MARKET ENVIRONMENT
1 Population of China by Age 12
 Urban Unemployment Rate in China, 1996-2006 16
 Interest Rates in China, 1996-2006 22
4 Chinese Currency Exchange Rates, 1996-2006 24
5 Construction Expenditures in China by Market, 2006 29
6 World Construction Machinery Demand by Region, 2006 59
7 World Construction Machinery Shipments by Region, 2006 61
8 China Construction Machinery Imports by Source, 2006 65
9 China Construction Machinery Exports by Destination, 2006 68

SECTION III — PRODUCTS
1 Construction Machinery Demand by Type, 2006 72

SECTION IV — MARKETS
1 Construction Machinery Demand in China by Market, 1996-2016 104
 Residential Building Construction Machinery Demand in China by Product, 2006 112
 Nonresidential Building Construction Machinery Demand in China by Product, 2006 121
 Nonbuilding Construction Machinery Demand in China by Product, 2006 130

SECTION V — REGIONAL TRENDS
1 Construction Machinery Demand in China by Region, 2006 141
 Central-North Region of China 143
 Northeast Region of China 148
 Central-East Region of China 152
 Central-South Region of China 156
 Southwest Region of China 160
 Northwest Region of China 164

SECTION VI — INDUSTRY STRUCTURE
1 Construction Machinery Market Share in China by Company, 2006

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