MRO Magazine

Research and Markets: China Crane Market Report 2015-2019 – Key Vendors are Jinan Dongyue Tower Crane Manufacture, Liugong, Sany, XCMG & Zoomlion

October 20, 2015 | By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/l69ngp/crane_market_in) has announced the addition of the “Crane Market in China 2015-2019” report to their offering.

The crane market in China to grow at a CAGR of 15.67% over the period 2014-2019.

The report, Crane Market in China 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the crane market in China and its growth prospects in the coming years. The report includes a discussion on the key vendors operating in this market.

Increased investment in infrastructure across major cities, such as Shanghai and Beijing is expected to drive the demand for large-scale construction projects during the forecast period. Additionally, growing population has led to a rise in the demand for residential, commercial, and industrial buildings, which has led to a rise in construction activity, resulting in increased adoption of cranes in China.

According to the report, as of 2014, China’s urban population accounted for 54% of the total population and is expected to reach 60% by 2018. Urbanization has been driving a change in lifestyle, leading to a rise in demand for new houses and infrastructure development such as roads, sewage facilities, and transit systems. In January 2015, China announced $242 billion for the construction of a high speed railway that connects Beijing in the north to Moscow in Russia. Technavio predicts that the surge in infrastructure development activities in urban areas will drive the growth of the market.

Further, the report states that many vendors typically do not provide post-sale maintenance support, leading to customer dissatisfaction.

Key vendors

  • Jinan Dongyue Tower Crane Manufacture
  • Liugong
  • Sany
  • XCMG
  • Zoomlion

Other prominent vendors

  • Broderson Manufacturing
  • Favelle Favco
  • FuWa
  • Kato works
  • Kobelco Cranes
  • Link-Belt Construction
  • Manitowoc

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Market research methodology

Part 04: Introduction

Part 05: Industry overview

Part 06: Market landscape

Part 07: Market segmentation by type

Part 08: Market drivers

Part 09: Impact of drivers

Part 10: Market challenges

Part 11: Impact of drivers and challenges

Part 12: Market trends

Part 13: Vendor landscape

Part 14: Key vendor analysis

For more information visit http://www.researchandmarkets.com/research/l69ngp/crane_market_in

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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Sector: Cranes and Lifting Equipment

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