Construction Machinery Development Trend

The further acceleration of the construction of high-speed railways in China, the continuous increase in demand for clean energy, and the accelerating urbanization process will all bring the most direct benefits to the construction machinery industry. At present, although the global economic situation is complicated, the global construction machinery industry still has a growing market base, and the European and American economies are still the key factors affecting the growth rate of the global construction machinery industry. From the perspective of the international market, with the economic recovery during the post-international financial crisis, the market prospects for the construction machinery industry are also broad. Judging from the global construction machinery business climate index, the financial crisis in 2008 was -80%, and this year it recovered to a high of 66.1% in January and then fell to -20.2% in September. The impact of the financial crisis is far from over. The construction machinery industry is a special industry and it ranks higher in the Chinese equipment manufacturing industry.

However, we should also note that the comparative advantage of prices brought by labor costs is an important factor in the competitiveness of China's low-end construction machinery products. At present, a new round of technological revolution is in the start-up phase, and several important areas are brewing. New breakthroughs, the international industrial division of labor and trade pattern will appear deep-level adjustments. High-end products and accelerated integration will be the two main lines for the future development of construction machinery industry. This is also a new opportunity for engineering machinery companies to stand out from the competition and achieve leapfrog development. Construction Machinery Industry Development Trends:

The market correction is becoming an opportunity for China’s construction machinery companies to “work hard”. Based on the understanding of the objective environment, many leading companies in the construction machinery industry, while arranging the domestic market, have acquired their own well-known foreign construction machinery companies and R&D institutions, or through overseas promotion and international standards to improve their own resource strength and accelerate their layout. international market. In addition to taking the path of mergers and reorganizations, it is even more important to devote itself to technological innovation and building high-end products. In the past two years, the Chinese construction machinery industry has experienced an extraordinary period of intense and busy production and delivery, which has delayed management, technology, market innovation and personnel training. The return of the market to the track of scientific rational development is exactly the opportunity for Chinese construction machinery companies to think about how to “strengthen their internal strengths”, strengthen internal potential exploration, build their own core competitiveness, and even enhance their own market position. Facts have proved that accelerating the integration and adopting independent innovation to take the road to high-end products is the best way for the construction machinery industry to adapt to the changes in the current economic development model.