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Discussion on the Development of Construction Machinery and Basic Components in 2013

2013-07-02 711 0人评论

工程机械行业是典型的投资拉动型行业，行业需求由固定资产投资决定(主要为房地产和基建)。理论上，固定资产投资增速对应工程机械保有量增速，进一步，固定资产投资增速的变化则影响工程机械销量的增速，因而工程机械销量增速的短期波动要大于固定资产投资增速的波动。即当固定资产投资增速上升时，工程机械销量增速上升幅度更大;而当固定资产投资增速下降时，工程机械销量增速下降的更快。

最近十年工程机械行业国内销售收入增速与固定资产投资增速之间的关系图也基本反映了两者之间的短期波动关系。但从长期来看，两者增速接近。过去十年，我国固定资产投资实际1复合增速为25.24%，工程机械行业国内销售收入实际复合增速为22.36%。

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Discussion on the Development of Construction Machinery and Basic Components in 2013

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Discussion on the Development of Construction Machinery and Basic Components in 2013

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