Prospects for the Development of China's Automated Lifting Machinery Market
Category: Industry News
Release time:2020-02-13
Whether it’s the trend of cities evolving into more mature and modern forms, or the government’s stimulus investments in infrastructure amid economic crises, both highlight the booming growth of the lifting machinery industry. From control systems to drive technologies, automation products are increasingly being integrated into this sector, deepening their application across the industry. Looking at its current scale, along with its promising future growth potential and rapid expansion rate, the lifting machinery industry is steadily emerging as a market that automation companies simply cannot afford to overlook.
In recent years, the lifting and transportation equipment manufacturing industry has maintained an annual growth rate of over 30%, demonstrating remarkable resilience—even after being severely hit by the 2008 financial crisis, the sector quickly rebounded in 2009. Meanwhile, the rapid expansion of the lifting machinery industry has significantly accelerated the adoption of automation technologies across the sector. Although the overall level of automation adoption in China’s lifting machinery industry remains relatively low, both manufacturers and users are increasingly recognizing the clear advantages of integrating automated solutions. As Luo Wenlong, Director of the Technical Center at the Building Mechanization Research Branch of the China Academy of Building Research, noted in an interview, the potential for automation in the lifting machinery industry is immense, with promising long-term prospects. Consequently, the domestic market for lifting machinery automation is poised for a major breakthrough in the near future.
Keywords: Prospects for the Development of China's Automated Lifting Machinery Market
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