Complete report spread across [80] pages available @ http://www.chinamarketresearchreports.com/114764.html . The collection of ‘Manufacturing & Construction’ market research reports has a new addition of “Research Report on Construction Machinery Industry in China, 2014-2018”On chinamarketresearchreports.com . In 2013, China's GDP increased by 7.7% YOY. According to IMF, the growth rate of global economy was merely 3%. China remains one of the fastest growing countries in terms of GDP and resident income in recent years. The GDP per capita was approximately USD 6,600 in 2013, far behind that of developed countries. Therefore, Chinese economy shows great potential for growth. In 2013, the investment in fixed assets was CNY 44.7074 trillion in China, up by 19.3% YOY. The rapid growth stimulates demand for construction machinery. Consequently, as the global production and demand transfer, China becomes an important market and the manufacturing center of construction machinery with most of the market seized by the foreign-funded enterprises. In 2013, the sales revenue of construction machinery industry surpassed CNY 600 billion in China, up by over 10% YOY. The sales revenue of top 50 enterprises accounted for over 80% of the industry while that of XCMG exceeded CNY 100 billion. The annual sales revenue of over 10 manufacturers of construction machinery, including foreign-funded enterprises, surpassed CNY 10 billion.
Investment and M&A remained as the main trend of the industry due to high expectation of market demand. It is noteworthy that Chinese manufacturers of construction machinery are expanding business overseas. Certain Chinese manufacturers with strong competitiveness expand export and operate internationally through M&A and joint ventures. For instance, Weichai Power Co., Ltd., a subsidiary of Shandong Heavy Industry Group, purchased shares of KION Group. Liugong Machinery (Poland) sp. z o. o. signed Conditional Acquisition Contract with the asset custody side of ZZN Transmission Plant in Stalowa Wola, Poland. SANY GROUP purchased the remaining 10% shares of Putzmeister and became its 100% shareholder.
