摘要: |
Off-Highway Research (OHR) notes that after two years of abnormally high sales in 2020 and 2021, thanks to stimulus spending, the Chinese market collapsed in 2022 with a 39% decline. This was not only due to the stimulus money running out, says OHR, but the impact was compounded by turbulence in the Chinese real estate sector and the country's difficulties in getting to grips with Covid last year. Last year, the only bright spot in China was the mining segment, says OHR. Mine operators invested in dump trucks and large excavators to exploit high global commodity prices. OHR forecasts the Chinese construction equipment market to continue to fall in 2023, but at a slower decline of about 18%, to settle at just below 195,000 units. |