Is Underestimated Or Disdain? Chinese Machinery Seize The International Market, Said Germany Is Not Worried

Online, July 15, 2013 (Newswire.com) - It is understood that since the financial crisis, China's machinery and equipment into the German machinery manufacturer biggest competitor, the German construction machinery products are not selling products first in the highest in the world at present, China's machinery manufacturers active in the international market, its market share has increased to 30%. The huge domestic market also contributed to the rapid growth of China's machinery manufacturing industry one of the reasons.

According to the survey, construction machinery still in demand in the market, but the purchasing power of industrial countries has gradually declined, construction machinery in the industrial countries, although sales will increase by approximately 1.6% per year, but not with China and other emerging industrial countries the situation compared to countries especially near the equator, and its purchasing power over the same period of construction machinery will grow by 4 percent or 5 percent.

The face of China began to seize the international market competition, the German Machinery and Equipment Manufacturers Association (VDMA) Expert Schmidt (Joachim Schmid) is not for the German manufacturer's market share in the growing worried, he said, Germany can solve these problem, at present, the industry does not exist must be pressure for action, the German manufacturer has achieved a high degree of quality and quantity, although there is no growth, but because they have reached a very high level, it will not in dire straits .

Construction machinery sales in the industrial countries although annual growth will be about 1.6 percent, but not with China and other emerging industrial countries compared to the situation, especially near the equator country, its purchasing power over the same period of construction machinery will grow by 4 percent or 5 %.