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Company Study of Shantui Construction Machinery Co., Ltd., 2007
Research In China, July 2007, Pages: 23
At present, Shantui Construction Machinery Co., Ltd., Xuanhua Construction Machinery Co., Ltd., Tianjin Construction Machinery Co., Ltd., YTO Construction Machinery Co., Ltd. and Shanghai Pengpu Machine Building Plant Co., Ltd. are sharing about 92% of Chinas bulldozer market. Due to the price difference as high as 40-50% between domestic and foreign bulldozer products, this industry is enjoying a rapid growth in exportation and had the CAGR of 33% in 2000-2006.
In Chinas current grab market, imported products share a large proportion; in addition, most of homemade equipments are also from joint venture enterprises. Doosan, Hyundai, Komatsu, Hitachi and Caterpillar are covering 70% of the market. Among Chinas local enterprises, Guangxi Yuchai Engineering Machinery Co., Ltd. and Sunward Intelligent Machinery Co., Ltd. are mainly engaged in manufacturing and selling small-sized grabs; and among domestic large and medium-sized grab manufacturers, merely Sany Heavy Industry Co., Ltd. and Liugong Machinery Co., Ltd. have certain competitive power.
In the year of 2006, 45 thousand homemade grabs were sold in Chinas domestic market, 20 thousand were imported and the total demand of domestic market was over 65 thousand. Komatsu Shantui Construction Machinery Co., Ltd., with the market share of about 15%, sold 6400 more grabs.
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