Market Competition Pattern and Development Prospect of Construction Machinery Industry 2023
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.
Overview of construction machinery
Engineering machinery is a general term for a series of construction machinery used in engineering construction projects. Construction machinery is generally composed of power plant, transmission device, walking device, working device and control system. From the purpose of construction projects, these machines are widely used in railway and road construction, airport construction, water conservancy engineering, power supply laying, housing construction, tunnel and bridge construction, mining, port transportation, national defense and military engineering fields.
Construction machinery is an important part of China's equipment industry. All earthwork works, mobile lifting and unloading works, mancargo lifting and conveying works, municipal environmental sanitation and various construction projects, comprehensive mechanized construction and machinery and equipment used in the mechanization of production processes related to the abovementioned projects are collectively referred to 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 specific function division, construction machinery is mainly divided into 20 categories, Including excavation machinery, shovel transport machinery, lifting machinery, industrial vehicles, compaction machinery, road construction and maintenance machinery, concrete machinery, driving machinery, piling machinery, municipal and sanitation machinery, concrete products machinery, highaltitude working machinery, decoration machinery, steel and prestressed machinery, rock drilling machinery, pneumatic tools, military construction machinery, elevator and escalator, construction machinery Kits and other special construction machinery.
From the perspective of industry chain, the upstream of construction machinery industry is mainly for the material industry, motor industry and parts manufacturing industry that provide raw materials and parts for manufacturing construction machinery products, such as steel for construction machinery, internal combustion engine, hydraulic system, bearing, tire, etc. The midstream includes different types of construction machinery manufacturers such as excavators, cranes, rollers and bulldozers. Downstream mainly for the wire and cable demand industries, such as infrastructure construction, real estate, mining, cement and rural construction.
Market analysis of construction machinery industry
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 highend 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.
Chinese construction machinery industry developed rapidly in 2009-2013 and reached the first peak of 566.3 billion yuan; It began a five-year slump before hitting a small peak in 2019. According to the statistics of China Construction Machinery Industry Association, after deducting noncomparable factors, duplicate data and nonconstruction machinery industry operating revenue, the industry's operating revenue in 2019 reached 668.1 billion yuan, an increase of 12% over 2018. In 2021, the revenue was 9,065, with a yearonyear growth of 16.95%.
According to the industry statistics of China Construction Machinery Association, 263,839 excavators were sold from January to October in 2020, with a yearonyear growth of 34.5%. Among them, 236,712 were set in China, up 35.5% year on year; Exports were 27,127 units, up 25.9 percent year on year. From January to October 2020, a total of 109,028 kinds of loaders were sold, with a year on year growth of 5.59%. Among them: 102,354 loaders of 3 tons and above were sold, with a year on year growth of 5.76%. Total sales volume of 89,571 unitsin the Chinese market, up 8.13% year on year; Export sales volume was 19,457 units, down 4.73% year-on-year.
According to the data of enterprise Check Cat, during the twelve years 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 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. Overall, the industry presents a thriving situation.
According to China Research Institute of Industry "2023-2028 China Construction Machinery Industry Market Evaluation and Future Development Opportunities Analysis Report" analysis.
There are many kinds of construction machinery in our country, it is one of the world construction machinery product categories, product varieties most complete countries, having 20 big categories, 109 groups, 450 kinds of models, 1090 series, tens of thousands of models of product equipment. Because our construction machinery category is complete, series, set advantage is outstanding, provide construction machinery equipment support for national economic construction.
Market competition pattern of construction machinery industry
The market competition pattern of our country's construction machinery industry can be divided into four echelons roughly. Due to the economy of scale effect in the construction machinery industry, after more than 60 years of development, four major enterprises have been born. The revenue scale of Sany Heavy Industry, Liugong, Xugong Machinery and Zoomlion Heavy Industry is more than 10 billion yuan, among which the revenue of Sany Heavy Industry and Xugong Machinery is more than 40 billion yuan. The products are spread in various subdivisions, and the technology level is leading, with many products reaching the international leading level. The second team is our country construction machinery industry's potential strength, in the background of intelligent manufacturing, construction machinery intelligent is the development opportunity of these enterprises, the revenue scale is between 4 -10 billion, has a certain visibility, the products in a certain segmentation field has a certain leading advantage. The third tier is 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 Alli Precision, Xiagong Shares, etc. The fourth echelon is a large number of small and mediumsized enterprises with high product homogeneity and low technology content. They seize the market of middle and low-end products by relying on price advantages.
Construction machinery industry prospect forecast
In the rapid development of the new generation of information technology, as an important part of the traditional manufacturing industry, construction machinery industry is also in urgent need of digital, networked, intelligent transformation, and active integration of the latest information and communication technology applications, to lay a foundation for meeting the broader needs of the market. The integration and development of 5G technology and construction machinery has formed a positive momentum. The advantages of 5G, such as low delay, large bandwidth and wide connection, enable the automatic driving and remote driving of construction machinery to become a reality, so as to make the operation more accurate, minimize the communication delay between people and equipment, and improve working efficiency and safety.
More and more construction machinery enterprises are trying to apply 5G technology to the equipment research and development and commercialization market, which means the intelligent era of construction machinery will accelerate. With the application of "5G+ construction machinery" gradually on the right track, it is believed that the research and development and promotion of intelligent construction machinery products will achieve more significant results.