BEIJING, Nov. 27 /PRNewswire-Asia/ -- Frbiz.com, one of China's leading B2B search platforms with more than 30 B2B industry websites to its name, reports that seal components have promising market potential.
China's agriculture, water conservancy, energy, and transportation industries, among others, have developed rapidly, requiring a large number of machinery and equipment to meet their development needs. With a higher level of industrialization and automation equipment needs, the need for support of high-performance and high reliability hydraulic components and pneumatic and sealing components increases.
Frbiz estimates that by 2010 Chinese demand for hydraulic, pneumatic and sealing components will reach about 35 billion RMB, up from 20 billion RMB in 2005. Among them, hydraulic products increased from more than 10 billion RMB to 20 billion RMB, hydraulic products increased from more than 1 billion RMB to 2 billion RMB, pneumatic products increased from nearly 3 billion RMB to more than 5 million RMB, and sealing products (http://www.frbiz.com/catalog/34000000/hardware.html ) increased from more than 3 billion RMB to 7 billion RMB.
For hydraulic engineering machinery products, the largest user base accounting for 42 percent of industry sales, the ratio will be expanded in the future. Frbiz estimates that by 2010 the demand for hydraulic excavators will reach 60,000 to 80,000 units, loaders will reach about 100,000 to 120,000 units, the ground planes about 2,000 units, rollers about 1.5 million units, engineering cranes about 20,000 units, and forklifts about 80,000 units.
In addition, China now has about 1.4 million units of construction machinery; it is expected to reach 2 million units in 2010. In another development, the annual domestic production of excavators, road machinery, cement mixers, and assorted imported hydraulic parts is about 150 million U.S. dollars. In short, the construction machinery and maintenance of hydraulic and seals components markets will face a new period of great development.
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