Prediction and analysis of the development of the

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Prediction and analysis of the development of the global construction machinery leasing industry

prediction and analysis of the development of the global construction machinery leasing industry

displacement clearing-17 China Construction machinery information

Guide: at present, the potential conditions for promoting the development of leasing business in many parts of the world are becoming increasingly significant, such as the transformation from owning equipment to leasing equipment is in the ascendant, The activity of engineering construction remains at a high level and the major equipment manufacturers vigorously promote the leasing business. There are many other factors that make

at present, the potential conditions for promoting the development of leasing business in many parts of the world are increasingly significant, such as the transformation from owning equipment to leasing equipment is in the ascendant, the activity of engineering construction remains at a high level, and the major equipment manufacturers' strong promotion of leasing business. In addition, there are many other factors that make it extremely difficult to predict the development speed of leasing business. These factors include the development of the U.S. economy and its impact on the European economy, and the speed of the transition from owning equipment to leasing equipment is itself a complex problem. Even in the general sense, it is blind to discuss the development speed of leasing business. The special market faced by leasing companies all over the world is usually very complex and disorganized

the statistical data of global construction machinery leasing is gradually improved

although it is difficult to predict, at least the statistical data of the development of the global construction machinery leasing industry is becoming more and more perfect. The American Rental Association (ARA) and Globalin sight consulting company have obtained statistics of the rental market in North America. At present, the European Leasing Association (ERA) has followed suit, using a consulting company to calculate the relevant data of the leasing market in about 15 European countries. Era has released a preliminary estimate that the overall size of the European equipment leasing market in 2006 was about 21.5 billion euros, and Globalin sight has also begun to prepare a more detailed research report

the global construction machinery leasing industry continues to grow

it is obvious that the leasing industry continues to grow globally at present, although the growth rate is very different. In a more mature market, Japanese industry giants are trying to expand their leasing business. Although the market consolidation trend continues, its growth rate is not expected to be fast. In the UK, the optimistic prediction of the prospect of the construction machinery industry shows that the annual growth rate of its leasing industry will reach 4% - 7% in the next 3-4 years. The 2012 Olympic Games in the UK will certainly drive the vigorous development of the leasing industry

the field of equipment leasing in the UK is experiencing a period of instability, but dankaplan, a Leasing Consultant, predicts that "there will be a slight adjustment in the market in 2008, and there will be no sharp decline, and larger leasing companies that directly measure radius and respond will likely continue to maintain growth momentum in 2008." The optimistic forecast report for 2008 issued by the United Leasing Company of the United States also seems to confirm this view

analysis of construction machinery leasing industry in various countries

India: substantial development

the general view is that under the background of extensive infrastructure construction and development, India's engineering construction field will continue to maintain a prosperous development trend, and thus a more mature equipment leasing market will be formed. India's construction machinery leasing industry has made substantial development in recent years. Take caterpillar as an example. At present, it has 12 rental stores in India. Although it is difficult to quantify the rental market, the growth of Caterpillar's rental business is obvious. According to Wilson Hu, a consultant of caterpillar in the Asia Pacific region, only about 1% of Caterpillar's products sold in India in 2005 were sold to the leasing industry, and this figure reached 5% in 2007

in fact, caterpillar rental stores have achieved great success, so that other manufacturers have begun to focus on the Indian equipment rental market. Rajivchaturvedi, manager of channel management and Dealer Development Department of Telcon, a joint venture between Hitachi and Tata and one of India's largest equipment dealers, said in an interview, "leasing is a promising industry. Telcon has been involved in this field, and we are preparing for further development."

however, in India, the most famous leasing brand in the construction machinery industry is quipo company, which belongs to srei group, a construction equipment finance group, with total assets of more than US $125million. Attachrjya, vice president of quipo in charge of eastern India, said that the total investment of the company in purchasing 700 equipment in 2007 exceeded US $25.5 million. He described quipo's expectations for the development of construction machinery leasing business in India as "radical": "we expect the growth rate to reach 200% in the next two years."

another manufacturer, China Sany group, has adopted a different development path from Telcon and caterpillar. In India, Sany group has leased 100 sets of equipment, including concrete pump trucks, graders, crawler cranes and rotary drilling rigs. Sany group has been selling construction machinery and equipment in India since 2005. As a new entrant to the Indian market, Sany group takes the leasing industry as an effective way to improve its business volume and brand awareness

the development background of Indian construction machinery market is still extremely favorable. McKinsey, a consultant commissioned by the Confederation of Indian industries (CII), said in a report that the Indian engineering equipment industry has the potential to achieve a five fold growth rate in 2016, when the market size will grow from the current US $2.7 billion to about US $10billion. Of course, there are also some different opinions. For example, Matthew, CEO of JCB company, which dominates the field of large excavators in India, has reliable performance in a wide temperature range. Ewtaylor is cautious about this. "Overconfidence will soon turn into overcapacity," he said

South Africa: can the world cup promote market development? As South Africa is preparing for the 2010 World Cup, South African leasing companies can expect to benefit from the prosperity of infrastructure. However, daveerskine, the founder and CEO of erbacon, an engineering contractor and equipment leasing company based in Durban, believes that the world cup is just a icing on the cake compared with the booming engineering construction market in South Africa. He believes that the world cup accounts for a small factor in the engineering construction field in South Africa. The South African government has begun to implement an infrastructure investment project with a cost of $50billion to $60billion and the South African power company has implemented an expansion plan of $25billion to $35billion, which are the main forces to promote the development of the rental market in the country. Since the early 1970s, the rental market in South Africa has never experienced such a high rate of development

dave Erskine also said that the significant development trend of the rental market in South Africa will last for 10 to 15 years, and the current shift to equipment outsourcing is also in the ascendant, which is good news for the rental business of his company erbacon

Netherlands: with a promising future, the Dutch equipment leasing market is relatively mature, with an annual income of about 800 million euros, and still has great development potential. This statement comes from jastongroep, one of the main equipment leasing companies in the Netherlands. One of the company's long-term goals is to encourage more major Dutch engineering contractors to outsource their engineering equipment needs to lessors. The Dutch construction and engineering market is highly intensive. The main contractors have their own leasing companies, which in our view are not part of the leasing market. The development of outsourcing business in the Netherlands is not in place. Although there are a few orders, it is not worth mentioning at present

jaston groep will launch a campaign to promote leasing outsourcing agreements to contractors this year. Now the company has 45 warehouses and can provide outsourcing solutions. The initial goal of this campaign is to target medium-sized contractors with an income of less than 500million euros, so as to achieve the ultimate goal of promoting to larger contractors. Jaston groep's development speed and business strategy are also an epitome of the development of the Dutch construction machinery leasing market. The company's performance increased significantly in 2007 and recently merged with hurland and gramo Nederland. Jaston groep's short-term development strategy is to further integrate the dispersed leasing market in the Netherlands, and its long-term goal is to establish about 75 construction machinery leasing points in the country

Hungary: go forward bravely. According to the statistics of the European Leasing Association (ERA), the equipment leasing market in Hungary is relatively small, with a market capacity of about 35million euros. However, the leasing industry in Hungary is developing rapidly. It has almost increased by five times in the past five years, and the leasing market will increase by two to three times in the next five years

however, there will be some bumps on this development path. For example, in 2007, the growth rate of Hungary's engineering construction market was 2. Most of them were mixed with domestic waste, which fell by 40% compared with 2006. Government investment was stopped in the middle of 2006. The situation of financial leasing is also not optimistic. Some domestic companies have said that they will consider further expanding their leasing business only when customer demand increases

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