The marketplace dimension of my nation's air compressor sector is growing at a development rate of more than 8%. The growth rate in 2010-2011 also exceeded 28%, and the marketplace range is increasing quickly. Nevertheless, in such a significant market, a lot of the marketplace was managed by the foreign-funded business for a long time in the past.
According to information from Qianzhan.com, in 2009, there were nearly 400 makers in my nation's air compressor industry, of which virtually 90% were domestic-funded firms, and also the overall sales earnings had to do with 6 billion yuan, accounting for 40% of the sector; the number of foreign-funded business was close to 10%, the overall sales revenue is about 9 billion yuan, making up 60% of the sector.
Nonetheless, domestic-funded businesses remain to increase technological innovation. Leading domestic-funded businesses in the sector, such as Kaishan Co., Ltd., remain advanced in modern technology, and the firm's item performance has reached international standards. Also, it has achieved some gains in the high-end market dominated by international funding. With the constant renovation of item performance and the continual upgrading of modern technology, the marketplace share of domestic ventures has likewise boosted year by year. Take screw air compressors as an example.
From 2009 to 2011, the sales volume of screw air compressors raised from 14,800 devices to 32,800 systems, with a compound annual growth price of 48.87%, and the marketplace share raised from 14.10% in 2009 to 19.40%; From 8 million units to 20,100 units, the market share climbed from 0.80% to 11.90%, and the growth was very rapid.
