Updated Nov 7, 2022 12:24

Mobile Lifting Frame Market in China

Market Overview
In , after two years of decline, there was significant growth in the Chinese mobile lifting frame market, when its value increased by % to $. Overall, consumption enjoyed a strong expansion. Mobile lifting frame consumption peaked at $ in 2010; however, from 2011 to , consumption stood at a somewhat lower figure.

In value terms, mobile lifting frame production amounted to $ in estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the production volume increased by %. Mobile lifting frame production peaked at $ in 2010; however, from 2011 to , production remained at a lower figure.


Consumption
In , consumption of mobile lifting frames on tyres and straddle carriers in China rose to units, increasing by % compared with figures. Over the period under review, consumption saw a prominent expansion. Mobile lifting frame consumption peaked at units in 2010; however, from 2011 to , consumption failed to regain momentum.

The revenue of the mobile lifting frame market in China dropped rapidly to $ in , declining by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a buoyant increase. Over the period under review, the market reached the maximum level at $ in 2010; however, from 2011 to , consumption remained at a lower figure.


Market Forecast
Driven by increasing demand for mobile lifting frame in China, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to units by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Over the period under review, the share of imports in terms of total mobile lifting frame consumption in China was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the China mobile lifting frame market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
China remains a net exporter of mobile lifting frame; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of units, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.