2012 China’s construction machinery market size trend prediction analysis
Although China’s economic slowdown is a formality, but large-scale construction Machinery manufacturer Sany President Xiang Wenbo still optimistic about 2012 prospects for that domestic market. Domestic construction machinery marketplace is supposed to reach 500 billion yuan to 600 billion yuan this holiday season.
Chinese construction machinery manufacturing enterprises overseas mergers and acquisitions is surely an inevitable trend. Now, large-scale overseas mergers and acquisitions recently begun.
China’s 2011 gross domestic product (GDP) growth rate of 9.2 percent, 7.5 percent GDP growth target with this year to establish. A solid local market is a crucial reason behind an upswing of China construction Machinery manufacturing enterprises. Based on the previously released with the China Construction Machinery Industry “12th Five-Year plan, by 2015, Chinese construction Machinery industry sales volume will reach 900 billion yuan, average annual rate of growth of 17%.
Even though this year’s industry growth will slow, but in view on the gross domestic product (GDP) continues to be in a phase of zoom, I will be still very optimistic in regards to the prospects of China construction machinery market in 2012.
How big the Chinese market accounts for 1 / 2 the world market height and width of China’s construction Machinery manufacturing enterprises have an unparalleled advantage from our market, now to use a strategic overseas mergers and acquisitions, will encourage Chinese enterprises to accelerate development.
The length of China construction Machinery market really included 47% of the global, it is estimated that in 2011 this proportion boosts.
Caused by fierce competition inside the domestic market, Chinese manufacturers of construction machinery to overseas wanting to develop larger, more daring overseas acquisitions in 2010. The next four years to four years, most large Chinese construction Machinery providers overseas business income share from 10% to 30%.