Chinese Construction Equipment Markets: A Review Of 2017 and A Forecast to 2022

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Chinese Construction Equipment Markets: A Review Of 2017 and A Forecast to 2022

Off-Highway Research's Annual Reviews are summaries of construction sold by product type and by country looking at the last five year's sales data and looking forward for the next five years.

Typical coverage includes: Country Analyses (fifteen European countries), Equipment Analyses (fifteen product types), Production Analyses and International Prespectives.

While the market for construction equipment in China began to recover in the second half of 2016 significant improvement in business confidence, the sharp growth of 81 per cent in 2017 exceeded the most optimistic expectations of the industry, with supply being unable to fully meet the increased demand. With a year-on-year growth of 70 per cent in the first half of the year, sales continued to accelerate in the second half of 2017 with the consequence that China has now returned to be the world’s largest market for construction equipment.

The impetus behind this dramatic growth is the massive input of new infrastructure projects, and the improved rate of growth of the real estate business, although the growth in  overall fixed asset investment has continued to decline. Indeed, since 2015 the government has launched a number of new construction programmes to bolster the economy, but this had little effect until 2016 when PPP had become a popular way of funding projects. At the same time, the looser money supply also stimulated real estate investment. Following a recovery of the construction equipment market in the second half of 2016, it sharply increased in 2017 with demand being stimulated by the implementation of many new projects in a short space of time.

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