The crawler crane sector was rather staid in China pre-2004, and was largely based on imports. However the breakneck rise of the Chinese economy, particularly infrastructural projects as well as power, steel and chemical industries, has fuelled a exponential increase in demand for crawler cranes. Between 2006 and 2007 the rate remained stable, but 2008 saw an increase of 69 percent, with 1648 units sold. The global economic downturn affected the market in 2009, and the sales of crawler cranes in China dipped by 31 percent, to 1131 units sold. The crawler crane market in China is still relatively young, and imports still account for 15 percent of sales. However, the broad range of incentives and road building and industrial projects instituted by the Chinese government means that projected sales for crawler cranes indicate a coming rise. Future infrastructural projects include a variety of wind power and nuclear power stations, which will further increase demand for crawler cranes. The next ten years will see an investment by the Chinese government of more than RMB 3 trillion, and with the need for wind stations and power plants, will come the need for all manner of cranes
Monday, 9 August 2010
The Chinese crane market
One of China's largest B2B platforms, FRbiz.com, has issued a report on the state of the market for crawler cranes, mobile cranes, and the general market for cranes for sale. They predict the crawler crane market in particular will continue to grow.
The crawler crane sector was rather staid in China pre-2004, and was largely based on imports. However the breakneck rise of the Chinese economy, particularly infrastructural projects as well as power, steel and chemical industries, has fuelled a exponential increase in demand for crawler cranes. Between 2006 and 2007 the rate remained stable, but 2008 saw an increase of 69 percent, with 1648 units sold. The global economic downturn affected the market in 2009, and the sales of crawler cranes in China dipped by 31 percent, to 1131 units sold. The crawler crane market in China is still relatively young, and imports still account for 15 percent of sales. However, the broad range of incentives and road building and industrial projects instituted by the Chinese government means that projected sales for crawler cranes indicate a coming rise. Future infrastructural projects include a variety of wind power and nuclear power stations, which will further increase demand for crawler cranes. The next ten years will see an investment by the Chinese government of more than RMB 3 trillion, and with the need for wind stations and power plants, will come the need for all manner of cranes
The crawler crane sector was rather staid in China pre-2004, and was largely based on imports. However the breakneck rise of the Chinese economy, particularly infrastructural projects as well as power, steel and chemical industries, has fuelled a exponential increase in demand for crawler cranes. Between 2006 and 2007 the rate remained stable, but 2008 saw an increase of 69 percent, with 1648 units sold. The global economic downturn affected the market in 2009, and the sales of crawler cranes in China dipped by 31 percent, to 1131 units sold. The crawler crane market in China is still relatively young, and imports still account for 15 percent of sales. However, the broad range of incentives and road building and industrial projects instituted by the Chinese government means that projected sales for crawler cranes indicate a coming rise. Future infrastructural projects include a variety of wind power and nuclear power stations, which will further increase demand for crawler cranes. The next ten years will see an investment by the Chinese government of more than RMB 3 trillion, and with the need for wind stations and power plants, will come the need for all manner of cranes
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