China Construction Machinery Industry Status and Competition Analysis Sales to Excavators and Loader

1.Operating income

Construction machinery is an important part of equipment industry. Generally speaking, all the earth and rock construction projects, road construction and maintenance, mobile lifting loading and unloading operations and a variety of construction projects required by the comprehensive mechanized construction engineering necessary machinery, known as construction machinery. It is mainly used in national defense construction projects, transportation construction, energy industry construction and production, mining and other raw material industry construction and production, agriculture, forestry and water conservancy construction, industrial and civil construction, urban construction, environmental protection and other fields.

According to the Investment Strategy Evaluation Report of Indepth Research on the Status quo of China's construction machinery Market (2023-2030) released by Guanyanreport.com, China's urbanization rate increased the fastest in the past 20 years, from 27.99% in 1993 to 52.57% in 2012. China's urbanization rate continues to increase, reaching 65.22% in 2022. The rapid increase of urbanization rate promotes the market demand for construction machinery to increase greatly. In 2021, the operating revenue of China's construction machineryexceeded 800 billion yuan, with a year-on-year growth of 11.90%. In 2022, China's construction machinery revenue continued togrow, reaching about 850 billion yuan.

Data source: China Construction Machinery Market Status Deep

Research Investment Strategy Evaluation Report (2023-2030)

2.Segmented market

China has a wide variety of construction machinery, with 20 categories, 109 groups, 450 kinds of models, 1090 series, tens of thousands of models of products and equipment. With the continuous development of the industry, the sales of construction machinery products continue to increase. At present, Chinese construction machinery sales are mainly based on excavators and loaders, followed by rollers. According to data, from 2017 to 2021, the sales volume of excavators increased from 144,867 to 342,784, the sales volume of loaders increased from 99,063 to 140,509, and the sales volume of rollers increased from 17,421 to 19,519. From January to April 2022, a total of 101,709 excavators, 42,764 loaders and 5,441 road rollers were sold nationwide.

Data source: China Construction Machinery Market Status Deep
Research Investment Strategy Evaluation Report (2023-2030)

3.Export scale

Benefiting from the recovery of overseas construction machinery market and the realization of the globalization of construction machinery, China's construction machinery export market is growing strongly. According to data, in 2021, China's construction machinery exports amounted to $34 billion, with a year-on-year growth of 62.14%; In 2022, China's exports of construction machinery reached 49.6 billion US dollars, up 45.88% year-on-year.

Data source: China Construction Machinery Market Status Deep
Research Investment Strategy Evaluation Report (2023-2030)

二、Construction machinery industry competition

There are many sub-industries within the construction machinery industry, the product coverage is wide, the technical level of theindustry is uneven, except for a few advanced production and manufacturing technology industries, most industries do not have monopoly. At the same time, the construction machinery industry participants increase rapidly, the internal competition is fierce, the market concentration is low. According to data, from 2000 to 2012, the number of newly established enterprises in China's construction machinery manufacturing industry remained in the range of about 20,000 to 100,000. Since 2013, the number of newly established enterprises in the construction machinery manufacturing industry in China has increased significantly. In 2021, there will be nearly 2 million newly established enterprises in China's construction machinery industry, accounting for 33.17% and 37.26% of CR3 and CR5, respectively.

Data source: China Construction Machinery Market Status Deep
Research Investment Strategy Evaluation Report (2023-2030)

Data source: China Construction Machinery Market Status Deep
Research Investment Strategy Evaluation Report (2023-2030)

Specifically, the market competition pattern of China's construction machinery industry can be roughly divided into four echelons. The first echelon is Sany Heavy Industry, Liugong, Xugong Machinery and Zoomlion Heavy Industry, with a revenue scale of more than 10 billion yuan, among which Sany and Xugong Machinery's revenue is more than 40 billion yuan. The second echelon for our country construction machinery industry potential force, including Anhui Heli, Hangzhou Group, Shanhe intelligent, etc., revenue scale between 4 -10 billion. The third tier is the enterprises with revenue scale of 100 million to 1 million yuan. Such enterprises have a small scale, low investment in product research and development, and have a certain visibility in a certain segment, such as Aili Precision, Xiagong Shares, etc. The fourth echelon consists of many small and medium-sized enterprises with low technology content and high product homogeneity, but with price advantages. They are mainly distributed in the middle and low-end product market.

Data source: China Construction Machinery Market Status Deep
Research Investment Strategy Evaluation Report (2023-2030)