China hydraulic machinery's prospects continue to look good

It forecasts that in China, the total product values of hydraulic, fluid power, pneumatic and sealing machinery and equipment will reach 35 billion RMB in 2015 from 20 billion RMB in 2005. The product value of hydraulic machinery and equipment will grow to 20 billion RMB from 10 billion RMB while that of power fluid will grow to 200 million RMB from 100 million RMB. In China, hydraulic machinery and equipment is actually an essential component or part of many other machines. Therefore, it is widely used in various industries, such as manufacturing, machine tool, engineering machinery, casting, plastic machinery, agricultural machinery, automotive, marine, etc.

Lately, the China Machine Tool Industry Association reports that the market of press machinery and equipment values about 70 billion RMB. The market of hydraulic machinery and equipment values 20 billion RMB and accounts for 30% of the market value of press machinery and equipment. At present, in China, about a thousand hydraulic machinery and equipment makers are well equipped and competitive.

In China, the booming construction has substantially driven up demand of hydraulic machinery and equipment. Though the China hydraulic machinery’s prospects continue to look promising, in order to stay ahead of the competition, hydraulic machinery and equipment makers have to provide high quality products with affordable prices.Adidas