The haze of the nuclear power crisis triggered by the Japanese earthquake is slowly dispelling from people's perspective, but its influence on the Japanese economy and global related industries will continue, and the construction machinery industry is no exception.
Over the years, the development of core components in China has fallen behind. The hydraulic components of large and medium excavators are heavily dependent on imports. Most of them are Japanese products. The earthquake in Japan had an impact on the supply of hydraulic systems in China, which in turn affected the entire market.
The contradiction between the supply and demand of Japan's earthquake hydraulic components highlights the backwardness of domestic hydraulic components, and the limited production capacity of imported hydraulic components, which affects and restricts the development of China's machine manufacturers. In recent years, despite the continuous increase in production capacity of foreign hydraulic components suppliers, the Chinese market continued to maintain high growth, and the situation of oversupply has not been completely improved.
In 2010, sales of excavators in China reached 165,000 units, an increase of 74.5% year-on-year. In the first quarter of 2011, sales of excavator products in China reached more than 70,000 units, an increase of 60% year-on-year. With the booming excavator market, the demand for hydraulic components can be imagined.
According to Luo Baihui, a member of the association, the hydraulic components of excavator products in China mainly come from Japan, South Korea and Germany. Among them, Japanese hydraulic components account for over 70% of the total, mainly from Kawasaki Heavy Industries, KYB and Nabtesco. With the significant increase in the production capacity of construction machinery in the Chinese market, the contradiction between the supply and demand of hydraulic components has become increasingly prominent. In 2011, to meet the needs of the Chinese market, the three companies plan to increase their Chinese production capacity by 20% in fiscal year 2011. Since the earthquake in Japan, the production of Japanese hydraulic parts manufacturers has attracted much attention.
Kawasaki hydraulic parts are all produced at the West Kobe Factory and are located far from the earthquake-hit area. The impact of the earthquake on its production is small. However, it is currently unknown that the upstream suppliers of Kawasaki hydraulic parts production are currently damaged. In addition, Kawasaki and KYB's new production capacity in 2011 is expected to be fully operational by mid-year. The earthquake may affect its annual expansion plan.
The news from various parties is that the direct impact on the production of hydraulic components in Japan is relatively small, but problems such as power cuts, component shortages, and logistics are bound to bring about a certain degree of indirect impact. KYB has already stated that it is facing a shortage of oil seals. With the gradual recovery of Japan's post-earthquake electricity and logistics, corporate production will also resume. However, the construction machinery industry in China and Japan is both a competitor and a partner. It goes without saying that the supply of hydraulic components in Japan will be given priority in satisfying the procurement needs of Japanese construction machinery companies. At present, Japan has fully started the post-disaster reconstruction work, and the demand for construction machinery and equipment will increase significantly, and it will certainly occupy a part of the supply of hydraulic components. Even if Chinese companies put their focus on hydraulics suppliers in South Korea, their capacity growth is very limited.
Changes in the supporting structure of hydraulic equipment for construction machinery Currently, the market demand for supporting hydraulic equipment for construction machinery in China continues to grow. This is a rare opportunity for global hydraulic components companies. The impact of the earthquake in Japan may change the current market matching pattern.
Japan invests in China to accelerate Japan's hydraulics business to invest in China. On April 15, 2009, Japan’s Kawasaki Seiki Co., Ltd. and Zhejiang Chunhui Group formally signed a cooperation agreement to jointly invest 2.5 billion yen to establish a Sino-Japanese joint venture, Kawasaki Chunhui Precision Machinery (Zhejiang) Co., Ltd., to manufacture high for the Chinese construction machinery industry. The quality of the key hydraulic components.
On April 15, 2011, Japan’s Komatsu joint venture established three joint ventures of construction machinery manufacturers: Dajing Machinery (Shandong) Co., Ltd., Komatsu (Shandong) Cast Steel Co., Ltd., and Xinghe (Shandong) Machinery Co., Ltd. in Jining Hi-Tech. In the district, these three companies mainly supply key components for excavator OEMs.
Japanese hydraulic components occupy the dominant position in the supporting market due to their technical strength, and no one has been able to shake it for years. Earthquakes in Japan are frequent and there is an increased likelihood of high-level earthquakes in the future. As a result, the uncertainties and risks associated with production are also increasing. Affected by this earthquake, Japanese companies’ overseas investment will accelerate, and China is undoubtedly the best choice.
Korean, Europe and the United States and others - expanding China's market share At present, the market demand for construction machinery hydraulic parts in China is continuously increasing and facing the adverse effects brought about by the Japanese earthquake. Currently, China's complete machine companies are trying to find a diversified supply channel. The earthquake in Japan provided a rare opportunity for Korean and other hydraulic components to expand their market share in China.
At present, some Korean hydraulic parts manufacturers have already contacted with China's complete machine manufacturing enterprises. In addition, in addition to the existing Korean hydraulic parts companies, some non-hydraulic parts manufacturers in South Korea have already smelled the business opportunities in the hydraulic parts supporting market and started to enter hydraulic parts. Manufacturing area.
Accelerated Localization of Domestic Hydraulic Parts In recent years, the core parts and components have constrained the development of host companies. The construction machinery industry in China has been paying close attention to the development of core components by competent authorities, associations and enterprises.
The supporting factory of the professional manufacturer of hydraulic parts and well-known mainframe companies is the main force in the current domestic hydraulic parts market. In recent years, it has been actively increasing investment in research and development to promote localization. Luo Baihui analyzed that from the perspective of current research and development capabilities, it takes two to five years for Chinese companies to develop their own hydraulic devices. With the opportunity of the earthquake in Japan, it is still difficult to achieve localization at one stroke. However, the change in the pattern of accessory parts caused by market opportunities can enable domestic machine manufacturers and hydraulic parts manufacturers to see the hope of import substitution and inspire their determination to overcome technical difficulties.
The impact of Japan’s earthquake on China’s construction machinery market gradually emerged after a period of time after the earthquake, and will gradually dissipate after reaching a peak. Market opportunities are fleeting, and we look forward to the excellent performance of domestic hydraulic components in this process.
Over the years, the development of core components in China has fallen behind. The hydraulic components of large and medium excavators are heavily dependent on imports. Most of them are Japanese products. The earthquake in Japan had an impact on the supply of hydraulic systems in China, which in turn affected the entire market.
The contradiction between the supply and demand of Japan's earthquake hydraulic components highlights the backwardness of domestic hydraulic components, and the limited production capacity of imported hydraulic components, which affects and restricts the development of China's machine manufacturers. In recent years, despite the continuous increase in production capacity of foreign hydraulic components suppliers, the Chinese market continued to maintain high growth, and the situation of oversupply has not been completely improved.
In 2010, sales of excavators in China reached 165,000 units, an increase of 74.5% year-on-year. In the first quarter of 2011, sales of excavator products in China reached more than 70,000 units, an increase of 60% year-on-year. With the booming excavator market, the demand for hydraulic components can be imagined.
According to Luo Baihui, a member of the association, the hydraulic components of excavator products in China mainly come from Japan, South Korea and Germany. Among them, Japanese hydraulic components account for over 70% of the total, mainly from Kawasaki Heavy Industries, KYB and Nabtesco. With the significant increase in the production capacity of construction machinery in the Chinese market, the contradiction between the supply and demand of hydraulic components has become increasingly prominent. In 2011, to meet the needs of the Chinese market, the three companies plan to increase their Chinese production capacity by 20% in fiscal year 2011. Since the earthquake in Japan, the production of Japanese hydraulic parts manufacturers has attracted much attention.
Kawasaki hydraulic parts are all produced at the West Kobe Factory and are located far from the earthquake-hit area. The impact of the earthquake on its production is small. However, it is currently unknown that the upstream suppliers of Kawasaki hydraulic parts production are currently damaged. In addition, Kawasaki and KYB's new production capacity in 2011 is expected to be fully operational by mid-year. The earthquake may affect its annual expansion plan.
The news from various parties is that the direct impact on the production of hydraulic components in Japan is relatively small, but problems such as power cuts, component shortages, and logistics are bound to bring about a certain degree of indirect impact. KYB has already stated that it is facing a shortage of oil seals. With the gradual recovery of Japan's post-earthquake electricity and logistics, corporate production will also resume. However, the construction machinery industry in China and Japan is both a competitor and a partner. It goes without saying that the supply of hydraulic components in Japan will be given priority in satisfying the procurement needs of Japanese construction machinery companies. At present, Japan has fully started the post-disaster reconstruction work, and the demand for construction machinery and equipment will increase significantly, and it will certainly occupy a part of the supply of hydraulic components. Even if Chinese companies put their focus on hydraulics suppliers in South Korea, their capacity growth is very limited.
Changes in the supporting structure of hydraulic equipment for construction machinery Currently, the market demand for supporting hydraulic equipment for construction machinery in China continues to grow. This is a rare opportunity for global hydraulic components companies. The impact of the earthquake in Japan may change the current market matching pattern.
Japan invests in China to accelerate Japan's hydraulics business to invest in China. On April 15, 2009, Japan’s Kawasaki Seiki Co., Ltd. and Zhejiang Chunhui Group formally signed a cooperation agreement to jointly invest 2.5 billion yen to establish a Sino-Japanese joint venture, Kawasaki Chunhui Precision Machinery (Zhejiang) Co., Ltd., to manufacture high for the Chinese construction machinery industry. The quality of the key hydraulic components.
On April 15, 2011, Japan’s Komatsu joint venture established three joint ventures of construction machinery manufacturers: Dajing Machinery (Shandong) Co., Ltd., Komatsu (Shandong) Cast Steel Co., Ltd., and Xinghe (Shandong) Machinery Co., Ltd. in Jining Hi-Tech. In the district, these three companies mainly supply key components for excavator OEMs.
Japanese hydraulic components occupy the dominant position in the supporting market due to their technical strength, and no one has been able to shake it for years. Earthquakes in Japan are frequent and there is an increased likelihood of high-level earthquakes in the future. As a result, the uncertainties and risks associated with production are also increasing. Affected by this earthquake, Japanese companies’ overseas investment will accelerate, and China is undoubtedly the best choice.
Korean, Europe and the United States and others - expanding China's market share At present, the market demand for construction machinery hydraulic parts in China is continuously increasing and facing the adverse effects brought about by the Japanese earthquake. Currently, China's complete machine companies are trying to find a diversified supply channel. The earthquake in Japan provided a rare opportunity for Korean and other hydraulic components to expand their market share in China.
At present, some Korean hydraulic parts manufacturers have already contacted with China's complete machine manufacturing enterprises. In addition, in addition to the existing Korean hydraulic parts companies, some non-hydraulic parts manufacturers in South Korea have already smelled the business opportunities in the hydraulic parts supporting market and started to enter hydraulic parts. Manufacturing area.
Accelerated Localization of Domestic Hydraulic Parts In recent years, the core parts and components have constrained the development of host companies. The construction machinery industry in China has been paying close attention to the development of core components by competent authorities, associations and enterprises.
The supporting factory of the professional manufacturer of hydraulic parts and well-known mainframe companies is the main force in the current domestic hydraulic parts market. In recent years, it has been actively increasing investment in research and development to promote localization. Luo Baihui analyzed that from the perspective of current research and development capabilities, it takes two to five years for Chinese companies to develop their own hydraulic devices. With the opportunity of the earthquake in Japan, it is still difficult to achieve localization at one stroke. However, the change in the pattern of accessory parts caused by market opportunities can enable domestic machine manufacturers and hydraulic parts manufacturers to see the hope of import substitution and inspire their determination to overcome technical difficulties.
The impact of Japan’s earthquake on China’s construction machinery market gradually emerged after a period of time after the earthquake, and will gradually dissipate after reaching a peak. Market opportunities are fleeting, and we look forward to the excellent performance of domestic hydraulic components in this process.
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