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Construction machinery industry has entered a new stage of wave-like development

January 03, 2024

According to the November sales data released recently,,Excavator as a barometer of construction machinery industry,Its sales have been negative year-on-year growth for 12 consecutive months.。

For a year,The domestic market is still in a downward cycle,Demand for new machines is not strong,Domestic sales fell by a large margin year-on-year.,Exports affected by high base,The year-on-year decline was further expanded.,Experts believe the industry has not yet reached the bottom.。
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In the near future,Excavation Machinery Branch of China Construction Machinery Industry Association、Construction Hoisting Machinery Branch、The branch of construction mechanization held the annual meeting of the industry at the end of the year.,Industry experts from all sides have made in-depth analysis of relevant fields.。

The decline of excavation machinery is expected to gradually narrow.

November 2023,Domestic sales of 7484 Excavators,Year-on-year drop of 48%。Domestic sales continue to bear pressure,Mainly due to excessive stock、Insufficient demand,As well as the impact of factors such as the high base caused by the sales volume of the three national equipment in the same period last year.。Look forward to the follow-up,The base of domestic Excavator sales in the same period will enter a lower level.,The downward pressure will be relieved.,The decline is expected to gradually narrow.。
Su Zimeng, president of China Construction Machinery Industry Association, reviewed the operation of the industry since this year at the annual meeting of Excavation Machinery Branch and Industrial Internet Branch of China Construction Machinery Industry Association held in Changzhou, Jiangsu Province in November.,He stressed,Although the industry is facing the bottom shock of new machine sales.、High increase in social stock、Challenges such as more intense competition among enterprises,However, the construction machinery industry is generally optimistic in the long run.,Cautiously optimistic next year。

Huang Min, chairman of Excavation Machinery Branch of China Construction Machinery Industry Association, summed up the industry situation in 2023.,At present,The development of China's excavation machinery industry has entered a period of increasing uncertainties.,Facing a contraction in demand、Supply shock、Triple pressure on expected weakening。Despite some cyclical adjustments in the industry,But tough、Great potential、The characteristics of vitality have not changed.,The basis and conditions for supporting the high-quality development of the industry have not changed.。

Leaders of leading enterprises in the industry evaluated the construction machinery market in 2023 at the meeting.。Director of Sany Group、Yu Hongfu, president of Sany Heavy Industry, said.,The era of extensive growth has become history.,High-speed rebound is unlikely。

Party Secretary of Guangxi Liugong Machinery Co., Ltd.、Chairman andCEOZeng Guangan said,Construction machinery is a strong cyclical industry.,All hardships are the baptism of the past.,And the price of nirvana tomorrow.,The industry needs to stick to the right path、Rational reflection、Be bold in innovation。

Chairman of Xuzhou Construction Machinery Group Co., Ltd.、Party Secretary Yang Dongsheng said.,Over the past year.,China's Construction Machinery Industry Undergoes a New Downward Cycle,Industry sales、Profits contracted across the board。At the same time,Since the third quarter of 2023,Global overseas leading brands dominated by European, American and Japanese manufacturers,Sales growth has also slowed.。On the whole,The global construction machinery industry is entering a new round of consolidation.,The future development is full of great uncertainty.。

Construction Hoisting Machinery Market Stabilizes

Construction hoisting machinery, as a construction machinery industry, is more sensitive to market demand.,More pressure this year.。Yu Lekang, chairman of the Construction Lifting Machinery Branch of China Construction Machinery Industry Association, said at the recent annual meeting of the industry.,The price competition of construction crane manufacturing enterprises is fierce,Large-scale losses of leasing enterprises。The overall sales of mainstream products of manufacturing enterprises continue to be under pressure.,Exports maintained a growth trend.,Part of the hedge against the decline in the domestic market.。Manufacturing enterprises through research and development of new products and technologies,Actively explore the international market,The overall development is stable。

According to the statistics of the branch on 30 main manufacturing enterprises in the industry,The number of Tower Cranes and lifts sold in the first 10 months is about 2.870000 units,The amount is 17.9 billion yuan,Total number of units sold in the industry decreased by 25 percent.5%,The amount decreased by 11.3%。

Yu Lekang analysis,Compared with the overall better profit performance of construction machinery enterprises,,In recent years, construction hoisting machinery has declined greatly.,There are two main reasons.:Real estate downturn has not bottomed out,As well as the particularity of the construction hoisting industry's own conditions.。In view of the current situation,What is the primary task of industry enterprises?“Stay alive”,And for how to“Stay alive”,And with quality“Stay alive”,President Yu put forward four suggestions.:Control risk、Pursue innovation、Make a good positioning、Fine management。

The overall operation of the industry will remain stable in 2024.

Meng Wen, vice president of XCMG Construction Machinery Co., Ltd., said.:“China's infrastructure construction in 2024、Real estate and other fields,It may be stable and upward,And be affected by this.,The construction machinery industry will probably achieve steady development or a slight decline.。”

According to Guo Xuehong, vice president of Zoomlion Heavy Industry Science and Technology Co., Ltd.:“Whether in 2024 or in the medium and long term.,China's construction machinery market is unlikely to see significant growth again.。Under the gradual development,Chinese mining equipment、Aerial work equipment and other emerging sectors,It is very likely to become one of the star plates.。”

As a specialized manufacturer,On this issue.,Deputy General Manager of Tongli Co., Ltd.、Xue Xiaoqiang, executive managing director of Tongli Technology, said.:“In the medium and long term,China's mining equipment market will continue to show a positive growth trend,Wherein the carbon is low、Green transformation,It will bring a new round of development to enterprises.。”

Miao Jianguo, deputy general manager of Sany Heavy Machinery Marketing Company, said.:“For Chinese construction machinery manufacturers,On the one hand, the domestic market demand is still considerable in the future.;On the other hand,The contribution of overseas markets to enterprises in the future,Lifting will be accelerated,Even more than the domestic market。”

Predictions for 2024,Wu Peiguo, Secretary-General of China Construction Machinery Industry Association, made a report on the operation analysis and development trend of the industry.,He pointed out,At present, the overall operation of the industry is stable,It shows a positive development trend.,However, there are significant differences between products.,The domestic market is still in the bottoming stage,There is a trend of high fluctuation in the international market,The industry has entered a new stage of wave-like development,The overall operation of the industry will remain stable in 2024.,In the long run, the industry will continue to stabilize and improve.。

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