Internet Acces Service

Internet Access Service
Online Databases
Press Cuttings
Latest Reports
Monthly News Briefing
Newsletter Archive
Social Media:
View Global Off-Highway Equipment news group on LinkedIn
Market Reports
Annual Reviews
 Equipment Analyses
Company Profiles
Country Analyses
Database Services
International Database
Chinese Database Service
Indian Database Service
Global Volume and
  Value Service
Multi-Client Studies
Private Client Research
Internet Access Service
Chinese crane market still troubled

The market for mobile cranes in China fell 20 per cent in the first half of the year according to Off-Highway Research. It said 3,900 all-terrain, crawler, industrial rough-terrain and truck cranes were sold in China in the first six months of 2016, compared to 4,900 for the same period last year.

Off-Highway Research expects a 16 per cent fall in the market this year. This is expected to be the bottom of the cycle, with a gradual recovery starting in 2017. Annual mobile crane sales are forecast to rise to 9,500 units by 2020.

The all-time high for crane sales in China was in 2011, when a staggering 34,902 units – some 95 per cent of which were truck cranes – were sold on the back of the government’s stimulus spending boom. However, construction activity has slowed significantly since then and the high field population of cranes is a barrier to new machine sales. Off-Highway Research puts China’s crane population at 195,500 machines.

“The market remains saturated by a much larger machine population than is needed, and license controls on truck-mounted cranes hinders the transfer of ownership.  This means truck-mounted cranes are dificult to resell, even if they are repossessed by suppliers,” said Off-Highway Research.

Off-Highway Research’s new report, ‘Chinese Equipment Analysis: Mobile Cranes’ is available to buy from the company’s on-line store. Click here for more details. The report, along with Off-Highway Research’s mid-year review on the Chinese construction equipment market is part of its Chinese Service subscription. Click here for more details.

About Us   Terms & Conditions
Contact Us   Charity
Privacy Policy   Site Map
KHL Media Limited
© Off-Highway Research 2017
All rights reserved