Source: bauma China official website
In August, excavator sales in the industry rose 45%. In September, sales by 26 major excavator manufacturers nationwide surged 71% year on year. As construction machinery sales entered the peak season of the second half, a series of recent positive developments in the excavator sector lifted the spirits of construction machinery professionals who had long seen little hope. After a golden decade of rapid growth, the RMB 4 trillion stimulus plan during the 2009 global financial crisis brought forward investment and infrastructure construction for the following years. In a sense, the large-scale stimulus plan from 2008 to 2010 delayed the pace of China's economic upgrading. Since 2011, the construction machinery industry began to show signs of decline, and the situation became increasingly severe by 2016.
Construction machinery has become an industry that people both love and hate. They love it because of its rapid growth over more than a decade. By 2011, the average growth rate of loaders had exceeded 25%, and the average growth rate of excavators had also exceeded 25%. Such high-speed growth was a rare miracle anywhere in the world at any time. They hate it because short-term behavior, credit sales without regard for risk, irrational zero-down-payment purchases, installment payments, trade-ins and other sales methods left many manufacturers and dealers with little profit and extremely high financial risk.
Since entering China in 2002, bauma China has witnessed the start, development, glory and adjustment of China's construction machinery sector. In line with the market, bauma China has used slogans at each edition to convey expectations for the market:
bauma China 2002: Leading the world, entering China after WTO accession
bauma China 2004: Advancing together with China's construction
bauma China 2006: Building business opportunities
bauma China 2008: Creating steady growth
bauma China 2010: Opportunities on the rise
bauma China 2012: Building across the world, connecting heaven and earth
bauma China 2014: Building the future with dedication
bauma China 2016: Stay true to the original aspiration, build a legend
Its debut in the Chinese market in 2002 drew strong attention. In 2004, China's macroeconomic regulation affected the construction machinery market, but bauma China 2004 proved that WTO accession was an effective catalyst. It did not hand China's construction machinery market to others; instead, the industry found its own path in difficult conditions and demonstrated great confidence in the Chinese market at that time. bauma China 2016 is destined to become another symbolic milestone for China's construction machinery industry after 2004. It declares that China's construction machinery market will move from a pure sales market into a market for new technology growth, and that a new era of next-generation construction machinery beginning in China is opening.
As the saying goes, dawn often appears in the darkest moment. bauma China 2016 sincerely calls on construction machinery professionals to return to their original passion and love for the sector and welcome the arrival of a new era together.
bauma China 2016 will be held at the Shanghai New International Expo Centre from November 22 to 25, 2016. With a display area of nearly 300,000 square meters, the fair will bring together more than 2,900 exhibitors from 41 countries and regions to showcase their latest flagship products, and is expected to attract 190,000 professional visitors for visits and business talks.
Latest products and technologies appear together to capture the industry's most valuable trends
bauma China 2016 will present seven major display themes to fully meet market demand: construction machinery and vehicles, formwork and scaffolding, extraction and processing of mining raw materials, building material machinery, transmission and fluid technology, equipment and accessories, and outdoor complete machines. More than 2,900 exhibitors will bring the latest and most innovative products and technologies from their brands to fit current market development needs. These include intelligent road machinery clusters such as excavators, cranes and pavers that have attracted strong market attention, as well as loaders, aerial work platforms, shield machines and other latest products. Seven national pavilions from Germany, Italy, the United Kingdom, Spain, South Korea, Turkey and the United States will also appear. This edition will present the development path of China's construction machinery industry as it seeks breakthroughs in difficult conditions, and more innovative product trends starting from the Chinese market are expected on site.
Industry professionals from China and abroad gather to return to the original aspiration and pursue development
Online visitor pre-registration for bauma China 2016 is proceeding enthusiastically. So far, visitors from 121 countries and regions have pre-registered through the official website, www.b-china.cn. A large number of overseas visitors are also coming in groups through travel agencies. Current pre-registration numbers are up 22% over the same period of the previous edition. The top ten overseas pre-registered visitor sources are Malaysia, Singapore, South Korea, India, Thailand, Japan, Russia, Taiwan, Indonesia and Germany.
bauma China 2016 coincides with the continued advancement of the Belt and Road strategy. The next generation of construction machinery starting from China will also move toward the world.
A wide range of concurrent activities will make bauma China even more exciting with your participation
In addition to exhibits, major exhibitors at bauma China 2016 will hold product recommendation sessions, press conferences and professional seminars, allowing visitors to fully interact with exhibitors. To enrich the visiting experience and inspire interest in construction machinery among both adults and children, the organizer will create a special display area for the My bauma China painting collection activity. It will feature imaginative children's ideas and enthusiastic works, and will be a photo spot not to be missed. Visitors can take pictures with the oversized award-winning painting board and leave a vivid and pleasant memory at this biennial bauma China. Visitors can also stop by the bauma China souvenir shop to select favorite exhibition souvenirs, including popular bauma China refrigerator magnets and custom postcards printed on site and stamped with fine construction machinery seals. We look forward to seeing you. bauma China 2016 will be more exciting with you.