The expansion of domestic investment in fixed assets is the main driving force for the growth of the construction machinery industry. In 2009, the scale of domestic fixed asset investment reached 22.5 trillion yuan, an increase of 5.8 times from less than 3.3 trillion yuan in 2000. During the period, the market size of the construction machinery industry increased by 5.46 times.
"By 2015, the market size of China's construction machinery industry will reach 900 billion yuan, and the market size of the crane industry will reach more than 90 billion yuan." Jun Jun, president of the China Construction Machinery Industry Association, said at the Global Crane Summit on the 27th.
Compound annual growth rate of over 20%
â€œIf the growth rate of investment in social fixed assets during the â€œ12th Five-Year Planâ€ period is controlled at around 20%, in 2015, the market demand for construction machinery in China will reach 900 billion yuan,â€ analysts said.
In 2009, the sales revenue of the construction machinery industry in China reached 310.5 billion yuan, an increase of 12% over the previous year. Benefiting from the 4 trillion investment plan, the growth of China's construction machinery industry has accelerated markedly in 2010. According to the data from the Construction Machinery Industry Federation, from January to July this year, the output value of the construction machinery industry increased by 53.7%. It is expected that the construction machinery industry will achieve a 30% growth this year.
The construction of urbanization, high-speed railways, highways, wind power and nuclear power construction investment will be the main driving force for the rapid growth of the construction machinery industry in the next five to ten years. Analysts expect that the growth rate of China's construction machinery industry in the next decade will be 10% higher than the GDP growth rate.
Currently, Xugong Group, Zoomlion [10.972.62%] and Sany Heavy Industry [28.816.39%] plan to achieve sales revenue of more than 100 billion yuan by the end of 2015. Liugong [23.752.59%] shares and Shandong Heavy Industry Groupâ€™s sales target is RMB 50 billion. The sales of 11 other large companies are expected to reach 600 billion yuan by 2015.
The scale of cranes will increase by 15% next year
In the subdivision industry of construction machinery, â€œthe market size of the crane industry is expected to achieve a growth rate of around 15%.â€ Sun Jianzhong, vice president of Xugong Machinery [37.071.48%] (000425), judged that the crane industry will continue to grow steadily next year, but it will increase. The rate has slowed down this year.
Sun Jianzhong stated that 4 trillion investment has driven at least 50% of China's crane equipment demand since 2009 and will continue to drive the growth of the crane market. The crane market will increase by 25% this year. Sun Jianzhong made the above statement when participating in the "2010 Global Crane Summit" on the 27th.
In 2009, China's crane industry sales revenue reached 31.1 billion yuan, an increase of 367% from 2005's 6.66 billion yuan. During the period from 2006 to 2008, the compound annual growth rate of the industry exceeded 50%. In 2009, affected by the financial crisis, the growth rate fell to 13.6%.
If estimated by a 25% increase, the domestic crane industry's sales this year will exceed 38.8 billion yuan. The sales of the crane industry will reach 44.7 billion yuan next year.
Sun Jianzhong expects that XCMG Group's crane sales will reach 17,000 units this year and its sales revenue will reach 19 billion yuan. "Xigong Crane plans to sell more than 20 billion yuan next year and strive to reach 22 billion yuan." It is reported that Xugong Machinery is the largest crane manufacturer in China with a market share of 55%. In 2009, the crane industry sold 30,831 units.
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