The upgrading pace of the construction machinery industry is fast
Created Date: 06th Sep 2024
Global layout of the industry
According to the data of the China Construction Machinery Association, the cumulative sales of 12 major categories of products included in the association's statistics in the first half of the year totaled 969,000 units at home and abroad, a year-on-year increase of 4.58%; among them, the cumulative domestic sales were 597,000 units, a year-on-year increase of 0.31%; the cumulative export sales were 372,000 units, a year-on-year increase of 12.3%.
Su Zimeng said that with the accelerated implementation of macroeconomic control policies, excavators and loaders closely related to infrastructure construction have shown a bottoming-out trend. The sales volume of excavators in the domestic market has achieved positive growth every month since May, and the bottoming-out trend is obvious.
It is worth noting that the export volume of construction machinery continues to show steady growth on the basis of a high base. Since 2020, my country's annual export volume of construction machinery has maintained a substantial increase. According to customs data, my country's import and export trade volume of construction machinery from January to July this year was US$31.746 billion, a year-on-year increase of 3.63%. Among them, the import amount was US$1.527 billion, a year-on-year decrease of 1.39%; the export amount was US$30.219 billion, a year-on-year increase of 3.89%.
From product exports to industrial globalization. At present, the overall demand in overseas markets is slowing down, but the demand in the market segments is still strong. Domestic engineering machinery companies are committed to expanding overseas business and maintaining growth in both performance and profits. These companies are based on long-term overseas development and have gradually moved from single product exports to industrial globalization. "Our globalization is shifting from product exports to industrial exports. We hope to accelerate the internationalization level of enterprises through global resource allocation, better meet the personalized needs of global customers, and establish sustainable global business capabilities." said Xiang Wenbo, Chairman of Sany Heavy Industry Co., Ltd.
According to the data of the China Construction Machinery Association, the cumulative sales of 12 major categories of products included in the association's statistics in the first half of the year totaled 969,000 units at home and abroad, a year-on-year increase of 4.58%; among them, the cumulative domestic sales were 597,000 units, a year-on-year increase of 0.31%; the cumulative export sales were 372,000 units, a year-on-year increase of 12.3%.
Su Zimeng said that with the accelerated implementation of macroeconomic control policies, excavators and loaders closely related to infrastructure construction have shown a bottoming-out trend. The sales volume of excavators in the domestic market has achieved positive growth every month since May, and the bottoming-out trend is obvious.
It is worth noting that the export volume of construction machinery continues to show steady growth on the basis of a high base. Since 2020, my country's annual export volume of construction machinery has maintained a substantial increase. According to customs data, my country's import and export trade volume of construction machinery from January to July this year was US$31.746 billion, a year-on-year increase of 3.63%. Among them, the import amount was US$1.527 billion, a year-on-year decrease of 1.39%; the export amount was US$30.219 billion, a year-on-year increase of 3.89%.
From product exports to industrial globalization. At present, the overall demand in overseas markets is slowing down, but the demand in the market segments is still strong. Domestic engineering machinery companies are committed to expanding overseas business and maintaining growth in both performance and profits. These companies are based on long-term overseas development and have gradually moved from single product exports to industrial globalization. "Our globalization is shifting from product exports to industrial exports. We hope to accelerate the internationalization level of enterprises through global resource allocation, better meet the personalized needs of global customers, and establish sustainable global business capabilities." said Xiang Wenbo, Chairman of Sany Heavy Industry Co., Ltd.