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The trend of construction machinery industry

  • Time of issue:2013-11-26

The trend of construction machinery industry

(Summary description)Data show that from January to May, the output of most construction machinery products continued to decline. The output of excavating shovel transport machinery, excavators and loaders all fell by more than 5% year-on-year. Among them, the excavator fell sharply.

  • Time of issue:2013-11-26
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Data show that from January to May, the output of most construction machinery products continued to decline. The output of excavating shovel transport machinery, excavators and loaders all fell by more than 5% year-on-year. Among them, the excavator fell sharply. Although the decline narrowed by 6.95 percentage points from the previous month, it still fell by more than 10 percentage points year-on-year. However, the output of compaction machinery increased slightly, with a year-on-year increase of 3.5%, a decrease of 8.23 ​​percentage points from the previous month. Compared with the data a month ago, the decline in production is slightly better.

Regarding this bleak data, people from the association believe that "this is by no means a downslope of the industry, but a "throttle period" in the process from rapid growth to stable growth."

The concrete manifestation is that construction machinery enterprises have begun to change their concepts, actively adjust their structure, change methods, and pursue development quality. Some high-end equipment has developed rapidly. 4000-ton crawler cranes, 2000-ton truck cranes, and 900-horsepower bulldozers have all been introduced to the market. At the same time, the internationalization of the industry has accelerated. Over the past two years, overseas mergers and acquisitions by Chinese construction machinery companies have been in full swing. Among listed companies, Sany Heavy Industry announced on July 1 that Sany International Development Co., Ltd., a wholly-owned subsidiary of the company, invested US$54,897,700 to acquire 100% of the shares in Luxembourg, a subsidiary of CITIC Industrial Investment Fund Management Co., Ltd.

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