Construction Equipment Market
Overview
The Chinese construction equipment market presents many op****tunities
and challenges
to American companies seeking to increase their sales in China. Many
American
companies (e.g. Caterpillar, John Deere, and Terex) have successfully
entered the
Chinese market and have become key players in China's construction
equipment
industry. The rapid growth of fixed asset investment in China is
helping to boost growth
in this sector. Yet the macro control measures the Chinese government
began to
implement in the second half of 2004 is expected to have a cooling
effect on the overall
construction market. Meanwhile, U.S. companies are encountering fierce
competition
from Korean, Japanese, European, and as domestic manufacturers.
The best op****tunities for U.S. ex****ts of construction equipment
include: self-propelled
bulldozers, angle dozers, graders, levelers, scrapers, mechanical
shovels, excavators
shovel loaders, tramping machines, and road rollers.
Op****tunities
South=96North Water Diversion Project
The vast South=96North Water Diversion Project started in 2002. The
purpose is to divert
water from the Yangtze River in the south to China's north, where
water is in critical
need for agricultural and industrial applications. The project
consists of three south-to
north canals, and will cost US$59 billion; when completed in 2010 it
will pump about 13
trillion gallons of water to the north every year. The middle route of
the three canals is
the most complicated and will provide the most market op****tunities
for American
construction equipment manufacturers that offer advanced technology.
Different types of
equipment are needed for the project, including scrapers, Excavators,
vibratory rollers,
dump trucks, truck cranes, etc.
2008 Olympics, Beijing
The Beijing municipal government plans to invest nearly $22 billion in
infrastructure
construction for the 2008 Beijing Olympic Games. Main projects
include:
Public Trans****tation:
* 93 kilometers of the fifth ring road
* 35 kilometers of express rail
* 105 kilometers of major roads
* 192 kilometers of railroad
* Subway lines to air****t and Green Olympic Park
Air****t:
* One new runway
* One new terminal
* 55 standard aircraft parking aprons
World Expo 2010, Shanghai
Shanghai will host the World Expo from May 1 through October 31, 2010.
To sup****t
the event, the Shanghai government will invest over US $10 billion in
infrastructure
modernization (harbor, air****t, city trans****tation, and cultural
facilities). Major projects
include:
Public trans****tation:
* 270 kilometers of metro lines
* 400 kilometers of road improvement
* One under-river tunnel
* 6300km2 parking space
* Country pavilions in the Expo Park
Air****t:
* Two runways
* One new terminal
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If you are interested in finding a way to the Chinese market, come to
me and we will have a suggestion for that.
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