Chinese construction machinery has been affected by excess production but there is potential for market development opportunities in 2014.
Data from the excavator industry shows that the first quarter of 2014 has seen recovery, compared with 2013 and 2012. According to2735 China Construction Machinery Association (CCMA), excavator sales for February hit 9,410, 55.3% above last year’s level. The leading domestic brands included 269 LiuGong, 1170 Sany, 1173 Sunward and 2713 XGMA while the leading foreign brands included 178 Caterpillar, 695 Doosan, 233 Hitachi and 2300 Komatsu.
However, the CCMA has sent letters to manufacturers warning that some leading firms have been winning market share through reducing prices, extending warranty periods and reducing down payments. The CCMA says that these moves result in unfair competition tendency, which have a negative effect on market stability and future development of the sector.
Data from the excavator industry shows that the first quarter of 2014 has seen recovery, compared with 2013 and 2012. According to
However, the CCMA has sent letters to manufacturers warning that some leading firms have been winning market share through reducing prices, extending warranty periods and reducing down payments. The CCMA says that these moves result in unfair competition tendency, which have a negative effect on market stability and future development of the sector.
