Mar. 15 – China construction equipment industry holds an key position in the global stage. According to a report statistics, there are about 40 foreign companies that have been investing in the production of construction equipment in China in 2016. Industry forecasts indicate that the Chinese construction equipment with sales expected to jump from 70 to 90 billion U.S. dollars in the United States by 2020.
Chinese Construction Equipment Industry
In recent years, China construction equipment market becomes more rational in the fluctuation and has achieved dual improvement in terms of technological innovation and service quality. The Chinese construction equipment global sales is growing, e-commerce is becoming an important sales channel for China construction equipment. The 2017 ConExpo in Las Vegas this week, 2,600 companies from around the world lined up in the Nevada to show their steel power with immense machinery for various construction purposes. Among others, Chinese Machinery Company Sany is the No.1 construction company in China, with revenues close to 7 billion U.S. dollars for 2016, Chinese Sany certainly occupy an important position in the 2017 ConExpo.
While other China’s big equipment producers , such as Zoomlion, and XCMG, along with Sany, surge in the global ranking – “Top-10” producers in the past, particularly their market entry had been strategic and successful in the USA. Now they are more confident they can compete in price with other equipment producers, they are broader their offer with some “unique service model” (“7-24 hour” service). Sany also developed a “3-tiered management” plan to insure customers get parts, and a plan to manufacture parts in North America that would also reduce costs to the end user. Similarly, Zoomlion focuses on customer service, and offering consistent innovations in engineering and design as efforts to address customer needs, more effort would be localizing as much as possible, and determine to succeed in global construction equipment market,
Chinese Construction Equipment in Global Market
China has 60 years rich experiences in engaging on building and designing construction machinery. Nowadays, Chinese construction equipment is used and seen in 170 countries around the world, and while the big Chinese companies may seem like new players in the 200 billion U.S. dollars construction equipment game, their products had been used to build the most modern, affluent country in the world. According to a related report, global equipment sales would move from 650,133 units in 2016 to around 810,000 machines by 2021. With such significant sales increases, an expected renewal in some higher value types of equipment in the upcoming years, peak revitalization particularly crawler excavators and rigid dump trucks.
Chinese Construction Equipment Data and Analysis Report
Long-term projections for the lucrative global construction equipment market had been glowing, many well-known Chinese machinery producers prepare new incentive package to boost their business, such as a 5-year, 5,000-hour warranty package unveiled this week by Sany as just one new incentive offered by his company. There are some analyses and forecast over China construction equipment market, future demand, sales channel with competitive nature. For China Construction Equipment/ Machinery Industry Report 2017-2021 available upon request, please contact with DCCC, or email to: email@example.com