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China Material Handling Equipment Market Data & Forecast to 2014
World Market Intelligence, March 2010, Pages: 16
Material handling equipment witnessed a CAGR of 8.52% over the period 2004-08, and valued at CNY53.0 billion (US$7.6 billion) in 2008. Cranes was the major category to drive the overall material handling equipment market, as cranes sales benefitting from their widespread use in both building and non-building construction activities in China.
The cranes market in China has been growing significantly. The crawler cranes market have grown rapidly in the recent years as large petrochemical and energy projects have stimulated huge development in the crawler crane market. Mobile cranes is the another cranes market seeing fast growth as it is supported by growing logistic industry in China.
WMI expects, among all the major material handling categories, cranes to witness the fastest growth during the period 2009E-2014F. During 2009E-2014F, the overall materials handling equipment market is expected to grow with slower pace, i.e. with a CAGR of 7.13%.
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