Global and China Hydraulic Industry Report, 2014-2017

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Global and China Hydraulic Industry Report,
2014-2017byResearch in China
Published Oct 2014 No of Pages 92 Single User
PDF US 1900 Corporate User PDF US 3000

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Global and China Hydraulic Industry Report,
2014-2017
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 worlds hydraulic
industry sales approached USD34 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, Chinas
import value of hydraulic parts was up to USD3.42
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, Chinas
import of hydraulic parts has fallen, with the
import value just reaching about USD2.5 billion
in 2013 but still with heavy reliance on high-end
imports.
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Global and China Hydraulic Industry Report,
2014-2017
To promote the RD and production of crucial
components like hydraulic parts, China gives
policy and capital incentives on the one hand and
actively builds a platform between main engine
and supporting side on the other hand. Spurred
by this, professional Chinese hydraulic
producers, construction machinery (main engine)
enterprises, etc have been aggressively involved
in the research and manufacturing of top-grade
hydraulic parts over the recent years. In
particular, the companies such as Hengli
Highpressure Oil Cylinder, Shandong Zhongchuan
Hydraulic, AVIC Liyuan Hydraulic, and Taiyuan
Heavy Machinery Group Yuci Hydraulics have been
the producers of high-end hydraulic products.
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Global and China Hydraulic Industry Report,
2014-2017
Hengli Highpressure Oil Cylinder as one of a few
local producers of high pressure and ultra high
pressure oil cyclinders used for excavators, the
company invested approximately RMB3 billion to
set up Jiangsu Hengli Hydraulic Co., Ltd which
mainly produces high-performance hydraulic pump
valves. Once the projects first-stage puts into
production, the company will annually increase
20,000 high pressure plunger pumps used for
excavators, 20,000 multiway valves, 1.99 million
universal high-performance hydraulic control
valves, and 10,000 electrohydraulic proportional
servo valves. Shandong Zhongchuan
Hydraulic founded in 2010 and as the subsidiary
of Shandong Changlin Group, Shandong Zhongchuan
Hydraulic now has been capable of annually
producing 300,000 sets of top-grade main
hydraulic components. Whilst expanding production
capacity, the company is actively speeding up
independent research and development.
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Global and China Hydraulic Industry Report,
2014-2017
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