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China Road & Paving Equipment Market Data & Forecast to 2014
World Market Intelligence, March 2010, Pages: 17
In the recent years, Chinese government has focused heavily on building roads and bridges in the country. In the 11th Five-Year Plan (2006-10), Chinese government announced to build 38,000 km of new roads to expand the total road network to 2.3 million km, of which 25,000 km would be expressways. The heavy investments on building road infrastructure in China have driven huge demand for road construction equipment, and the market experienced a CAGR of 17.59% during 2004-08.
Pavers and graders have been the growth driver during 2004-08, followed by compactors and loaders. WMI expects the pavers and graders continue to drive growth for overall road construction equipment market in the coming five years. During 2009E-2014F, the overall road construction equipment market is expected to grow at a slower pace, i.e. with a CAGR of 12.10%
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