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View from construction machinery manufacturing industry chain panorama deconstruction

Construction machinery is an important part of equipment industry. With the continuous growth of infrastructure investment, the demand for construction machinery grows substantially. At the same time, it also pushes our excellent construction equipment manufacturing enterprises to develop to internationalization, scale and comprehensive direction. Our country has become a world construction machinery manufacturing country.

The construction machinery industry is characterized by diversified equipment products, discrete production process and complex supply chain. It is faced with such industry pain points as low equipment value added level, low supply chain resource allocation efficiency and imperfect financial ecology. Therefore, it is urgent to accelerate the pace of digital transformation based on industrial Internet platform. The digital level of R&D design, production and manufacturing, supply chain management, remote operation and maintenance, customer service and other links will be comprehensively improved.

After the vigorous development of China’s construction machinery manufacturing industry, the market will enter the stock era of fierce competition

With the transformation trend generated by the digital wave, the construction machinery industry has derived more diversified platform application scenarios and more detailed business landing solutions, which is related to the current status of the stock market, but also affected by the overall industry situation.

According to Off-Highway Research, China’s construction machinery market will experience a cyclical decline in 2021-2023, but it is not expected to be as severe as the decline from 2012 to 2016. Therefore, based on historical data, the forward forecast is about 737.9 billion yuan. Although it will take great efforts to maintain growth, the fact that domestic enterprises have grown vigorously in the past few years cannot be ignored.

Global dimension

The proportion of sales of construction machinery manufacturing in China has been rising year by year

Since the end of 2019, the global construction machinery market has stepped into a downward stage from the peak of this cycle, and the demand of mature markets in Europe, America and Japan has fluctuated. At the same time, China’s construction machinery industry continues to maintain rapid development. With the continuous upgrading and transformation of the industry, the continuous expansion of high-end market, the strengthening of innovation ability, the deep popularization and application of intelligent, digital and information technology, China’s construction machinery manufacturers have maintained a strong momentum of growth, and the operation quality has been further improved.

domestic market

Despite the impact of the epidemic, the industry as a whole is thriving

In 2020, the total revenue of China’s construction machinery industry will exceed 700 billion yuan. In 2019, after five years of low development tide, the construction machinery industry ushered in a period of stable development. Now, in the face of a more complex international environment and greater downward pressure on the domestic economy, the construction machinery industry has made further achievements in industrial transformation and upgrading with the help of stable macro-economy and sustained and stable fixed asset investment. Under the influence of many factors, such as the acceleration of second-hand equipment upgrading, the positive effect of air pollution prevention and control policies on the market, the export growth driven by the “One Belt, One Road” construction, and the promotion and application of new technologies and construction methods in the field of construction, the construction machinery market experienced a rapid growth.

According to the industry statistics of China Construction Machinery Association, from January to December 2020, a total of 327,605 excavators were sold, a year-on-year growth of 39%; Among them, 292,864 were in China, with a year-on-year increase of 40.1%; Exports were 34,741 units, up 30.5 percent year-on-year. From January to December 2020, a total of 131,176 kinds of loaders were sold, with a year-on-year growth of 6.12%. The total sales volume in the Chinese market was 106,572 units, up 8.63% year on year; Export sales were 24,604 units, down 3.55% year-on-year.

According to the data of Qiaomou, in 2020, the number of newly established enterprises in China’s construction machinery manufacturing industry was 1.196 million, a year-on-year increase of 12.51% compared with 1.063 million yuan in 2019.