DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/f7ms62/assessment_of_chin) has announced the addition of the "Assessment of China's Market for Hydraulic Component" report to their offering.
Growth in the Chinese hydraulics market driven by push for quality, increasing domestic capability and continued government support.
GCiS China Strategic Research has published a report on the China market for hydraulic components. The study finds that China's growing demand for high quality hydraulic systems, ongoing government support and pressure on domestic producers to meet international standards are main forces driving the 13% growth rates in this multibillion dollar market.
Currently, the largest end user industry for hydraulic components is the engineering and construction machinery industry, followed by metallurgy & mining and then agricultural machinery.
It is thought that rising raw materials prices will place pressure on low end domestic producers over the next few years, causing some consolidation in this end of the market, however overall growth is expected to continue well above GDP. Inhibiting the market, low levels of regulation and domestic product standardization combined with a slowdown in construction this year are current challenges, in addition to an underdeveloped sales network preventing faster penetration of new markets in Western China.
The hydraulic components market in China (target market) is valued at approximately RMB 30 Bn in revenues as of year-end 2010 and grew by 13% in that year. This study focuses on domestic sales of the four main hydraulic components used in hydraulic systems. These have been divided into the following product categories: hydraulic pumps, hydraulic cylinders, hydraulic valves and hydraulic motors.
Five-year projections provided in the study will be indispensable to anyone looking to map out the course of this quickly developing market. This report is essential reading for any professional needing accurate and detailed strategic information of this market.
Companies Mentioned
- Bosch
- Eaton Hydraulic
- Parker Hanifin
- Parker Tejing
- Xuzhou Xugong
- Shanghai Nabtesco
- Beijing Huade
- Hydac
- Zhonghang Liyuan
- Sichuan Changjiang
- Linhai Haidong
- Hefei Changyuan
- Jinan Hydraulic
- High-Tech Fluid Power
- Hymen Youwei
- Wide Sky SKS
For more information visit http://www.researchandmarkets.com/research/f7ms62/assessment_of_chin