Industry Analysis & Industry Trends
China is one of the largest manufacturing countries of building construction equipment and also offers a major market for the finished equipment. The Building Construction Equipment Manufacturing industry has developed strongly during the five years through 2011 due to strong demand from the Building Construction industry and the construction of many infrastructure projects by the Chinese government. Although the financial crisis had a minor negative effect on the industry, the Chinese government's $500 billion stimulus package promoted the industry's development. Industry revenue is expected to grow by 44.0% per annum over the five years through 2011, to total $86.9 billion.... purchase to read more
Industry Report - Industry Investment Chapter
The Building Construction Equipment Manufacturing industry has a high capital intensity. However, although production tends to rely on large-scale investment in capital equipment, there is still a heavy reliance on labor inputs. Despite high numbers of workers in the industry and the increasing wage, the low wage levels in China compared with developed countries make the labor component appear to be low.
The capital to labor ratio will increase in the next five years. Though the ratio had declined as wage costs increased and the depreciation level was low, the industry will become more capital intensive as large investment has been carried out and an increasing number of global manufacturers are establishing factories in China and increasing their R&D activities... purchase to read more