Growth in Chinese mobile crane sector
By Christian Shelton14 August 2018
In its mid-year review of the construction industry in China, UK-based specialist forecasting and market research company Off-Highway Research (OHR) reported strong growth for the first half of 2018, with the mobile crane sector doing particularly well.
OHR found, of all the product sectors analysed, the mobile cranes sector recorded the largest year-on-year growth, of 76 per cent, in the first six months. It attributed this to strong demand for truck mounted cranes (especially in the 20-25 tonne class) which accounted for 94 per cent of total market demand.
According to Chris Sleight, OHR managing director, “We expect mobile crane sales to hit 27,500 units in 2018, up 43 % on 2017 and about three times what they were in 2016.”
OHR said demand has been driven by ongoing infrastructure projects nationwide and buoyant urban construction. Another increasingly important factor is the intensified legislation of emission controls which has accelerated the replacement of elderly fleets.
The full report is available to subscribers here. Alternatively, if you would like to subscribe to the report please contact: mail@offhighway.co.uk
