Overall Sales Decline, Construction Machinery Companies Seek New Breakthroughs

Publication Date: 2022-12-28 Back

It is the end of the year, from the recent China Construction Machinery Industry Association (hereinafter referred to as the Association) released in the first 11 months of the construction machinery industry, the main products sales snapshot, the domestic market excavator and loader sales overall a relatively large decline. In the field of international market, the export volume basically remained stable.

Overall Sales Decline, Construction Machinery Companies Seek New Breakthroughs

From the overall view of the data of the first 11 months, the domestic market is still underpowered and the overseas market has formed a certain scale. Not long ago in the 2022 Global Construction Machinery 50 Summit released the "2022 Global Construction Machinery Industry Development Report" pointed out that in the past decade, the rapid development of China's construction machinery industry, products, technology research and development breakthroughs, XCMG 2600-tonne all-terrain cranes, Zoomlion 12,000-tonne meter tower cranes as a representative of the large tonnage, high technology, high value-added products rapid iteration. Chinese product genre in overseas basically formed, Chinese products are widely used and recognized in overseas markets, the international influence to further enhance. At present, the average share of overseas sales of Chinese mainstream enterprises is 20%, and in 2022, the overseas sales of Chinese construction machinery products will increase by more than 50%.

A number of construction machinery manufacturers have recently launched "National IV" new products. At the 2022 China (Xuzhou) International Construction Machinery Fair, XCMG officially launched the G series excavators that meet the "National IV" emission standard, covering the full product spectrum of micro, small, medium, large and wheel models. "In November, LiuGong held a groundbreaking ceremony for its Central China industrial base project and the launch of LiuGong's comprehensive solutions. In November, LiuGong held the opening ceremony of its Central China Industrial Base project and the launch of LiuGong's comprehensive solutions. At the conference, LiuGong displayed a full range of "National IV" products, including loaders, excavators and compact machines. The secretary of the board of directors of Zoomlion also recently said in an interactive platform for investors that the company has done a good job in advance in the layout of the "National IV" earthmoving machinery, and has made a stock of products to meet the expected market demand.