BEIJING, Aug. 5 /PRNewswire-Asia/ -- Frbiz.com, one of China's leading B2B search platforms, reports that China's 2010 crawler crane market will maintain optimistic growth.
Before 2004, China's crawler crane development was stagnant, with the market mainly depending on imports. Since 2004, however, with the rise of the Chinese economy, power, petrochemical, iron and steel, and transportation infrastructure and industries have grown, affecting the domestic crawler crane market with a rapid expansion period. From 2006 to 2007, growth was flat, but in 2008, benefiting from the positive impact of the international and domestic economic environment, China's sales of crawler cranes rose to 1,648 units, year-on-year up 69%. In 2009, with the adverse impact of the international and domestic financial crisis, China's crawler cranes sales were at 1,131 units, year-on-year down 31%.
Compared with mature markets, the Chinese crawler crane market is still in its infancy, with foreign crawler cranes accounting for 15% of the mobile crane market.
With China's economic environment and policies, China's crawler cranes are bound to find more domestic market share, with future market prospects looking broad.
Wind power, nuclear power and the rapid development of new energy projects will also provide dynamic stimulus for the crawler crane market. At present, many companies require specifically developed cranes for wind power installations, illustrating the market's prospects. Nuclear power plant construction also requires specific crane designs, with large tonnage crawler cranes.
In the next decade, China's total investment in new energy will be more than RMB 3 trillion. It is expected that in 2020, China's total wind power capacity will increase from the current 26 million kilowatts to more than 100 million kilowatts. The pace of building will significantly increase. With these industries booming, China's crawler cranes should see fast development.
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