Limited growth for Chinese wheeled loaders
By KHL Staff24 May 2017
The wheeled loader market in China is forecast to grow 18% over the next five years, according to a new report from Off-Highway Research. However, the recovery in this sector will be slower than for other key types of equipment, and the market potential will remain a fraction of the high of nearly 220,000 wheeled loaders sold in 2010.
Wheeled loaders have historically been the mainstay of the Chinese construction equipment sector. According to Off-Highway Research, the active population of machines in the country is more than 1.3 million units. The availability of new machines is one reason why growth prospects are low. “This product has by far the largest population of any machine type, there are a considerable number of second-hand machines, while the average utilisation rate has only improved slightly,” said the report.
Another key factor is that many applications which were previously carried out with wheeled loaders are now performed with hydraulic excavators. Indeed, sales of crawler excavators in China are forecast to increase 70% over the next five years, compared to the 18% growth expected for wheeled loaders.
Besides discussing sales and forecast demand for wheeled loaders in China, the 76-page report provides in-depth analysis on a range of issues including market shares, marketing and distribution arrangements, foreign trade & imports, domestic production & exports, component supply, machine population & end-user groups, pricing by weight categories and the range of machines available.
Click here for more information about Off-Highway Research.