This year, China's construction machinery industry situation is extremely severe, especially fittings companies are facing extreme test of survival. How to break the deadlock out of the woods is the current industry business imperative. To this end, in 2014 China's construction machinery industry spare parts branch annual meeting on October 30 was held in Tianjin.

At this meeting, the President from the United States Association of Equipment Manufacturers of 孙红宇 grateful honored guests to focus on the development of construction machinery market in India and the huge potential of demand. It is also China's construction machinery and spare parts industry enterprises to further expand overseas, targeted pointed out the direction.

As we all know, a reference to India, we will think of the beautiful Taj Mahal, India's movie beauty, poor infrastructure, large population, antiquated transportation and sacred Buddhist countries. With the rapid economic development of developing countries, with the largest in the world population, but also neighboring countries, there are too many similarities between the "Chinese Dragon" and "Indian elephant", the manufacturing level and the size and position in the world, naturally become the object of attention and compare.
As Miss Sun Hongyu has said, for a long time, India's economy mainly in IT, finance and customer services business is famous for, the tertiary industry in GDP, accounting for more than 50%. The primary industry, secondary industry is relatively weak, its manufacturing sector, the overall strength of the manufacturing sector in India is not strong, and many other aspects of their quality and price are competitive, but also very much the Indian SMEs lack of core technology , the production efficiency is not high.

Following the 2008 global economic crisis, fell for two consecutive years, in 2010 the sharp rebound in the Indian construction equipment industry. Ongoing infrastructure development projects driven by strong domestic demand to make this possible, construction equipment sales increased 45 percent, to 59,139 units, compared with 2009 sales of 40,850 units.

This growth trend continued into 2011, sales reached 72,197 units, an increase of 22%. However, by mid-2012, economic mismanagement in all fields of economic and political aspects appear hesitant to sign on major policy issues that arise are more pronounced than ever before. Since the government to accelerate the construction of infrastructure has not taken major initiatives, resulting in the overall performance of the construction equipment industry in 2012 decreased by 8% in 2013 and further decreased by 15%.

Downward trend continued until 2014, mainly observed in the case of the first half of 2014 are outlined below. Despite the marginal recovery in the second half is expected to occur, and the new government in order to accelerate the construction of infrastructure projects have made efforts, construction equipment sales in 2014 are likely to decline further to 51,955 units, compared with 2013 sales of 55,946 units.

Compared to last year, the first half of 2014 the overall market declined by nearly 23%. Construction equipment market structure remained essentially unchanged, 2014, six months backhoe loaders, crawler excavators and mobile cranes still three leading products. This three leading products accounted for 78% market share, compared to the same period in 2013 accounted for 80%.

Backhoe first half of 2011 accounted for 46% market share in 2012 accounted for 48%, increasing to 49% over the same period in 2013, but the decline in the first half of 2014 to 46%.

Crawler excavator market share grew from 19 percent in 2013 to 20 percent in the first half of 2014 over the same period, while the share of the mobile crane is maintained at 11%.

Compared with the same period in 2013, the first half of 2014 sales of these three devices dropped significantly. Backhoe fell 28%, while the crawler excavators and mobile cranes were decreased by 18% and 25%. Mini excavators and wheel loaders sales decreased 2%, while sales fell 21 percent skid steer loaders.

Portable Compressors (the fourth largest sales equipment) sales decreased by 33%, so the first half of 2014 its share fell to 7% of the total construction equipment market share.

In the mining equipment in the first half of 2014 sales of crawler bulldozer increased by about 31 percent, while sales decline in dump trucks to reach 39%.

Asphalt paver road construction machinery, compaction equipment and electric motor graders composed trend manifested differently. 2014 first half asphalt paver market share grew by 25%, compaction equipment market share fell 10%, the electric motor graders sales increased by 3%. Sales of these devices in the first half 2014 total market share of about 8%.

Development Forecast: 2018 to the construction industry growth prospects in India

As part of the current 12-year plan (2012-2017), the country is investing $ 1 trillion of its infrastructure, the figure is twice as much as the previous planning period. For the development of the national 100 new "smart" cities, the government is still in the initial budget allocated 70.6 billion rupees.

Development emphasized traffic through the industrial corridor will promote the development of smart cities and urbanization manufacturing. The modernization of the railway was listed as another high-priority sectors, including high-speed trains connecting major cities plan.

Road Transport and Highways program this fiscal year 8500 km of national highway construction budget of 37.88 billion rupees. The government also plans to develop 16 new ports nationwide, and has for Tuticorin Outer project an allocated 116.4 billion rupees.

So the long-term prospects for the construction equipment market is still bullish and forecast construction equipment sales in 2015 will reach 64,443 units in 2018 to reach 94,730 units.

"Overall, India's share is expected to continue to grow in the Asia Pacific market infrastructure, to 2025 to reach about 12.5%, or $ 6.6 trillion." With rising incomes and tourism demand and the country's increasing population gathered in city center, transportation and utilities are expected to invest over the next decade will be tripled.