BEIJING, May 11 /PRNewswire-Asia/ -- Himfr.com, one of China's leading B2B search platforms with more than 30 B2B industry websites to its name, provides forecasts into market trends surrounding Chinese sealing components.
With industrialization and automation levels increasing, a large number of machinery and equipment needs to be supported by a large number of
high-performance, high reliability hydraulic and pneumatic sealing components. Preliminary estimates suggest that by 2010 China's demand for hydraulic, pneumatic, and sealing products will total around RMB35 billion, up from RMB20 billion in 2005. This figure includes hydraulic products increasing from RMB10 billion to RMB20 billion, pneumatic products from nearly RMB3 billion to RMB5 billion, and sealing products increasing RMB3 billion to RMB7 billion.
Construction machinery is one of the biggest users of hydraulic products, accounting for industry sales of 42 percent, and this ratio will be expanded in future. It is estimated that by 2010 the demand for hydraulic excavators will reach about 60,000 - 80,000 units, loaders will reach about 100,000 or 12,0000 units, the ground machine will hit about 2,000 units, road rollers about 15,000 units, construction cranes about 20,000 units, and forklifts about 80,000 units. In addition, construction machinery in China now has about 1.4 million units, and is expected to reach 2 million units in 2010.
In short, machinery for engineering, specifically hydraulics and sealing components markets, is facing a new period of great development.
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