Industry News

China Used Machinery Market Needs Regulations

At present, the used machinery market is gradually heating up in China, and most engineering machinery enterprises develop themselves towards this used market. Accompanying with the transformation of development mode of national economic structure, assignment of social resources will obtain more reasonable optimization, and used equipment will undoubtedly become the new mode for getting survival and profit in future engineering machinery industry. On the other hand, as to China engineering machinery industry, new market tends to saturation together with the constantly increasing equipment, which makes it imperative to develop second-hand machinery market.

There is tremendous used equipment potential in China. According to statistics, the turnover in domestic used equipment distribution industry increases by over 20% annually which is expected will reach 150 billion in 2012. The used equipment market looks like a great cake that attracts many enterprises here to enjoy it.

Aspect one, in the initial period of this industry development, the industry regulations should be enhanced.

Although the domestic used equipment market has been noted as one piece of fat meat by individuals, vendors, manufacturers, institutions and even peripheral capitals, up to now domestic market is still in groping stage to handle it exactly and correctly. Compared with the developed countries, there are still disparities in China, such as confused distribution rules and equipment quality without guarantee.

Aspect two, to regulate used equipment market can lead the industry rapid development.

In view of current used equipment market in China, there are problems such as great market capacity and confused rules. For releasing and solving these problems, specialists suggest that the government should promote and lead the market and encourage enterprises to participate to distribute or transact commodities in the basis of registration, property modification, property query, quality inspection and maintenance. At the same time, the facilities suitable for the characteristics of used equipment market development mode should be established, such as exhibition centers, financial guarantee centers, R&D centers, equipment appraisal centers, after-sale service centers, electronic business departments and so on.

For recent years, used equipment market is developing dramatically especially used mining equipment market. In 2011, with the price depression of iron ore and copper, the used jaw crusher market and stone production line market from Henan Hongxing Machinery got great profits. As a whole, regulations and standardization for used equipment industry needs the efforts from the government, society and individuals. Only if the market is made standard and regulate, the sellers get profits and meanwhile the rights and interests of the buyers can be secured to the maximum.

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