Home > cranes > Crane Industry Of China

Crane Industry Of China

26 October 2012 Views: 180896 Likes: 1
Summary
It was not a far time away, when the entire world, depended on the west for manufacturing, whole world asks west to help them to provide cranes to make any of their buildings, bridges and etc. it was just in beginning of the 21st century when China evolved in this industry or we can say in every major industry to make dominance around the world.
Content
It was not a far time away, when the entire world, depended on the west for manufacturing, whole world asks west to help them to provide cranes to make any of their buildings, bridges and etc. it was just in beginning of the 21st century when China evolved in this industry or we can say in every major industry to make dominance around the world.

China's crane industry moved to the fast-growth track since 2002. And after five years' of mass development in this industry, the total sales volume of the industry went ahead of 20,000 units in 2007, more than doubling that of 2002 which was a great jump in term of sales. Though there had been a great increase of crane ownership, the country's crane industry was still kept expanding rapidly in January through August of 2008. As for the two major categories, the sales volume of truck cranes and mobile cranes was 16,000 units, which was up by 24% annual, while that of caterpillar cranes and other rough terrain cranes 1,100 units, and 114% growth recorded.

China's export of cranes speed up in 2007, and the total amount of exports increased by 25% in the first 8 months of 2008 which was a great jump, in terms of the number of units, the increase of exported truck cranes was 14%, and that of caterpillar cranes was a striking 46% annual.

Due to the high cost and technological barriers, China's crane industry is highly concentrated, especially caterpillar cranes, because of their huge technology advantage, only of which few makers are able to produce the machines with the capacity of 400 tons.

So according to the situation currently China's crane industry has three main features:

Firstly, truck mounted cranes are the major mobile products of China, responsible for more than 80% of the total sales volume of all mobile cranes combined, with medium and light cranes dominating in this range.
Secondly, China's crane industry is highly concentrated, with the top 4 makers accounting for more than 80% of the market, and the figure is still growing every year rapidly.

And thirdly, the industry expands very fast because it has been driven powerfully forward by the rapid growth of the petrochemical, oil, chemical, and energy source industries, and due to the large-scale municipal construction in China.

Leave a Reply