Many factors promote the tower crane industry to rebound In the second half of 2016, the domestic construction machinery market gradually out of sales for many years year-on-year decline in the situation, the major categories of product sales have appeared significantly year-on-year rebound, the industry boom in the bottom of the trend of recovery. Prospective industry Research Institute released the "2018-2023 China Tower crane Industry demand Forecast and transformation and upgrade Analysis report" data shows that 2017 1-October tower crane Machinery main products such as cranes, excavators and other monthly sales have roughly maintained double-digit year-on-year growth.

And 2017 1-November, construction crane Cumulative sales of 30018 units, compared to 2016 1-November 13363 increase, up 80.2% The application field of Tower Crane is mainly in infrastructure construction, including railway, highway, Water conservancy and so on. At present, the domestic infrastructure in the field is vigorously promoting the PPP model, leading to urban rail transit, railway lines and feeder construction, mining, Water conservancy and other construction needs to rebound. November 2017, the National Development and Reform Commission issued the "Railway" Thirteen-Five, which shows that the total amount of railway investment will increase the size of 800 billion yuan a year. The prospective Industrial Research Institute released the 2018-2023 China Tower crane Industry demand Forecast and transformation and upgrade analysis report shows that the 2017 year of the National Fixed assets investment (excluding farmers) for 63.1684 trillion yuan, increased by 7.2% than 2016;

The total investment in the new project is 51.9093 trillion yuan, up 6.2% from the previous year. In addition to infrastructure, the tower crane industry is also highly correlated with the real estate market. Data show that 2017, the National Real estate development investment reached 10.9799 trillion yuan, an increase of 7% from the previous year, the growth rate was faster than 0.1%. Among them, the new construction area of 1,786,540,000 square meters, an increase of 7%. At the same time, the overseas market is gradually becoming an important new opportunity for the tower crane Industry. According to the statistics of the construction hoisting machinery branch of China Engineering Industry Association, in recent years, the export of tower cranes has gradually exceeded 30% of the total sales of the industry, and China's tower cranes have gone abroad to build major projects in the world.

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