Hydraulic Industry for Global and China Market Essay
Summary Hydraulic parts are the crucial basic components to modern equipment manufacturing and widely used in the fields such as construction machinery, metallurgical machinery, plastic machinery, aerospace, machine tool and agricultural machinery. In 2013, the world’s hydraulic industry sales approached SUDSY billion, of which China swept over 30% shares and ranked second worldwide. Although with a certain scale, China hydraulic industry may be well bigger but not stronger, with heavy reliance on importing high-end hydraulic products like medium and large excavator hydraulic parts.
In 2011, China’s import value of hydraulic parts was up to SUDS. 42 billion, being close to 50% of output value of hydraulic industry in the same year; wherein, about 70% of import value came from construction machinery hydraulic parts. Affected by the weak downstream demand over recent years, China’s import of hydraulic parts has fallen, with the import value Just reaching about SUDS. 5 billion in 2013 but still with heavy reliance on high-end imports. View Complete Report @ http://www. hinamarketresearchreports. Com/114932. HTML . To promote the R and production of crucial components like hydraulic parts, China gives policy ND capital incentives on the one hand and actively builds a platform between main engine and supporting side
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In particular, the companies such as Henning Highlighters Oil Cylinder, Sandhog Coughing Hydraulic, AVIS Liana Hydraulic, and Taiwan Heavy Machinery Group Yuck Hydraulics have been the producers of high-end hydraulic products. Henning Highlighters Oil Cylinder: as one of a few local producers of high pressure and ultra high pressure oil cylinders used for excavators, the company invested approximately ARMS billion to set up Jungian Henning Hydraulic Co. , Ltd which mainly produces high-performance hydraulic pump valves.
Once the project’s first-stage puts into production, the company will annually increase 20,000 high pressure plunger pumps used for excavators, 20,000 multiply valves, 1. 99 million universal high-performance hydraulic control valves, and 10,000 electronically proportional servo valves. Sandhog Coughing Hydraulic: founded in 2010 and as the subsidiary of Sandhog Changing Group, Sandhog Coughing Hydraulic now has been capable of annually producing 300,000 sets of top-grade main hydraulic components.