Future Technology Development trend of Construction Machinery Industry

According to the statistics of the network data, the sales volume of the construction machinery industry in 2022 has declined significantly, mainly due to three major reasons: the Federal Reserve began to raise interest rates at the beginning of the year, the outbreak of the Russian-Ukrainian war and the repeated adverse factors such as the domestic epidemic.The current state of the industry,   from the   historical analysis, since 2005, China has experienced four rounds of destocking cycles, the time from 12 months   to 31   months. Therefore, the industry is still in the destocking stage, waiting for the replenishment cycle to arrive.

Whether the industry will run steadily or grow rapidly in 2023 is still unknown, but with the stabilization of the epidemic, I believe the economy will also begin to recover slowly. At the same time, we should also face the future development of the industry on the basis of maintaining the existing technology. Xiaobian believes that if the construction machinery industry wants to enter a better stage, it can start from the following aspects:

1. Automation technology continues to improve   

With the aging and the increase of labor costs, more and more enterprises are beginning to realize the importance of automation technology development. Moreover, some industries with extremely high processing precision cannot be completed manually, such as highend manufacturing industries such as semiconductors and aerospace. Industrial automation control systems can be divided into six categories of subsystems: control systems, drive systems, motion systems, feedback systems, executive systems and others.

For example, Sany Heavy Industry has created 5G remote control excavators, unmanned cranes, unmanned road rollers and unmanned mixing trucks in intelligent products, and has elevated electrification to a strategic height of the company and actively promoted the process of electrification.

2.The localization rate of subdivision areas needs to be improved      

A senior executive of an authoritative enterprise in the construction machinery industry said: "I think the most significant feature of the domestic construction machinery industry is that it is large but not strong. Many people see that the total production of China's construction machinery industry has increased, and the total export has climbed, and they blindly believe that the development momentum of the industry is good and the prospects are unlimited. I don't think GDP alone can help the development of the industry. The surface figures are all fictitious, the real competitiveness is the mastery of core technology, the current domestic heavy machinery industry top technology to master still need some time."

For example, Tuchuan Technology has designed wireless dual-band communication system and universal automatic leveling system for engineering vehicles in special environments in subdivisions. In the process of striving to improve product technology and grasp quality, promote the process of localization.

3.The high-end market needs to be broken through

At present, the domestic construction machinery industry has excess production capacity of low-end products, while high-end   products are not produced, and relevant enterprises need to do a good job in the core technology and fine production of products, so as to effectively improve the added value of products.

For example, The high-end manufacturing system of CIMC vehicles has also been upgraded again on the existing technology, embraced digitalization in an all-round way, and constantly moved toward the deepwater zone of high-end manufacturing.