Market size and structure of construction machinery industry in 1.

1. Industry market size

According to data from the Champ Consulting Group,2022China's construction machinery industry achieved sales revenue of approximately9000Billions of yuan, down year-on-year6.5%. Among them, mining machinery sales revenue of about.3200Billions of yuan, down year-on-year15.8%; Lifting machinery sales revenue of approximately1800Billion yuan, year-on-year growth5.6%; Loading machinery sales revenue of approximately1400Billions of yuan, down year-on-year9.7%; revenue from sales of rolling machinery approx.800Billion yuan, year-on-year growth1.3%; sales revenue of concrete machinery approx.700Billions of yuan, down year-on-year18.6%; other machinery sales revenue of approximately1100Billions of yuan, down year-on-year2.7%。

The main reason for the decline in sales revenue of the construction machinery industry in 2022 was the impact of the new crown epidemic, shrinking domestic and foreign market demand, especially the domestic market by the slowdown in infrastructure investment, tightening of real estate regulation and other factors, demand has been significantly reduced. At the same time, the industry is also facing pressures such as rising raw material prices, higher environmental protection requirements, and increased labor costs, resulting in higher operating costs and lower profit margins.

Expected2023The construction machinery industry will usher in a stable recovery, benefiting from the recovery of domestic and foreign market demand and the strengthening of policy support, the full-year industry sales revenue is expected to reach9500Billion yuan, year-on-year growth5.6%. Among them, mining machinery sales revenue of about.3400Billion yuan, year-on-year growth6.3%; Lifting machinery sales revenue of approximately1900Billion yuan, year-on-year growth5.6%; Loading machinery sales revenue of approximately1500Billion yuan, year-on-year growth7.1%; revenue from sales of rolling machinery approx.850Billion yuan, year-on-year growth6.3%; sales revenue of concrete machinery approx.750Billion yuan, year-on-year growth7.1%; other machinery sales revenue of approximately1200Billion yuan, year-on-year growth9.1%。

The main drivers of sales revenue growth in the construction machinery industry in 2023 were:

In the domestic market, as the epidemic prevention and control situation continues to improve and economic and social order gradually returns to normal, investment in infrastructure construction will be accelerated, especially in the areas of new infrastructure, urbanization, ecological and environmental protection, and rural revitalization. At the same time, the real estate market will gradually come out of the trough, residential and commercial construction demand will pick up. In addition, the policy environment is also conducive to the development of the industry, such as the expansion of the scale of special bond issuance, increased financial support, tax relief and concessions.

In international markets, global demand for commodities and goods rebounded rapidly as economies in many parts of the world gradually recovered from the epidemic. The impact of the epidemic, most of the foreign construction machinery manufacturers production capacity has been impacted, the industry capacity can not keep up with the pace of economic recovery. Therefore, the growth rate of overseas business of China's major enterprises is obvious, and the trend of overseas market expansion of Chinese enterprises is obvious. Especially in the countries and regions along the Belt and Road, the number of infrastructure projects that Chinese companies participate in is increasing, providing a broad export space for Chinese construction machinery products.

2. Industry market structure

（12) Product Structure

According to data from the Champ Consulting Group,2022Sales of major products in China's construction machinery industry were as follows:

Excavators: total sales throughout the year26.110,000 units, down year-on-year23.8%. One small excavator sales14.410,000 units, down year-on-year25.4%, accounting for the total55.2%; Medium Excavator Sales9.910,000 units, down year-on-year21.4%, accounting for the total37.9%; large excavator sales1.810,000 units, down year-on-year24.1%, accounting for the total6.9%. In terms of market share, Sany Heavy Industry, Komatsu, Xugong, Caterpillar, Zoomlion, Hitachi, Doosan, Hyundai, Liugong and Shantui respectively occupied the top ten places, accounting for a total87.3%。

Loader: total sales throughout the year18.610,000 units, down year-on-year9.7%. One small loader sales10.710,000 units, down year-on-year12.5%, accounting for the total57.5%; Medium-sized loader sales7.310,000 units, down year-on-year5.2%, accounting for the total39.2%; Large loader sales0.6Ten thousand units, year-on-year growth8.3%, accounting for the total3.2%. In terms of market share, Liugong, Xiagong, Longgong, Sany Heavy Industry, Xugong, Zoomlion, Shantui, Komatsu, Caterpillar and Lingong respectively occupied the top ten places, accounting for a total88.4%。

Bulldozers: Total sales throughout the year1.8Ten thousand units, year-on-year growth0.6%. One small bulldozer sales0.7Ten thousand units, year-on-year growth11.1%, accounting for the total38.9%; Medium Bulldozer Sales0.910,000 units, down year-on-year6.3%, accounting for the total50%; large bulldozer sales0.2Ten thousand units, year-on-year growth16.7%, accounting for the total11.1%. In terms of market share, Shantui, Xugong, Liugong, Sany Heavy Industry, Xiagong, Zoomlion, Komatsu and Caterpillar occupied the top eight respectively, accounting for a total97%。

Cranes: Total sales throughout the year13Ten thousand units, year-on-year growth5.6%. Among them, truck crane sales5Ten thousand units, year-on-year growth10%, accounting for the total38.5%; Crawler Crane Sales1Ten thousand units, year-on-year growth25%, accounts for the total7.7%; Tower Crane Sales610,000 units, down year-on-year1%, accounts for the total46.2%; Bridge (door) crane sales0.8Ten thousand units, year-on-year growth14%, accounts for the total6.2%; Other Crane Sales0.2Ten thousand units, year-on-year growth100%, accounts for the total1.5%. In terms of market share, Zoomlion, Sany Heavy Industry, Xugong, Shanhe Intelligent, Xiagong, Liugong, Longgong and Tiejian Heavy Industry respectively occupied the top eight places, accounting for a total86%。

Roller: sold throughout the year4Ten thousand units, year-on-year growth1.3%. One single steel wheel roller sales110,000 units, down year-on-year10%, accounting for the total25%; Double steel wheel roller sales0.8Ten thousand units, year-on-year growth14%, accounts for the total20%; Rubber wheel roller sales0.7Ten thousand units, year-on-year growth17%, accounts for the total17.5%; Full hydraulic road roller sales0.6Ten thousand units, year-on-year growth20%, accounts for the total15%; Other Roller Sales0.9Ten thousand units, year-on-year growth6.7%, accounts for the total22.5%. In terms of market share, XCMG, Sany Heavy Industry, Zoomlion, Liugong, Shantui, Xiagong, Longgong and Caterpillar occupied the top eight respectively, accounting for a total87.5%。

Concrete machinery: total sales throughout the year4.310,000 units, down year-on-year18.6%. Among them, concrete pump truck sales1.210,000 units, down year-on-year25%, accounting for the total27.9%; Concrete pump sales1.110,000 units, down year-on-year16.7%, accounting for the total25.6%; Concrete mixer truck sales1.810,000 units, down year-on-year18.2%, accounting for the total41.9%; Concrete mixing plant sales0.2Ten thousand units, year-on-year growth16.7%, accounting for the total4.7%. In terms of market share, Sany Heavy Industry, Zoomlion, Xugong, Shanhe Intelligent, Liugong, CIMC and China Communications Group respectively occupied the top seven places, accounting for a total90%。

From the perspective of product structure,2022In the main products of the construction machinery industry, in addition to cranes and road rollers to achieve positive growth, other products have shown varying degrees of decline. Among them, concrete machinery has the largest decline, reaching.18.6%It was mainly affected by the downturn in the real estate market and the slowdown in infrastructure investment. Excavators and loaders also slipped separately23.8%and9.7%It is mainly affected by the shrinking market demand at home and abroad. Bulldozers were essentially flat, only growing0.6%This is mainly due to large infrastructure projects.

In terms of product segmentation,2022Among the main products in the construction machinery industry, small excavators, small loaders, small bulldozers, truck cranes, double-wheel rollers, rubber-wheel rollers and full-hydraulic rollers are still highly flexible, adaptable and efficient products. Maintain a high market share. At the same time, large-tonnage products such as large excavators, large loaders, large bulldozers and crawler cranes have also achieved rapid growth, mainly benefiting from the demand for new infrastructure construction.

（22) Regional Structure

According to data from the Champ Consulting Group,2022Sales by region of China's construction machinery industry in:

East China: Total sales throughout the year8.4million construction machinery products, down year-on-year19.4%, accounting for the national total19.3%. Sales in Jiangsu Province310,000 units, down year-on-year21.5%, accounting for the total amount of East China35.7%; Sales in Zhejiang Province1.810,000 units, down year-on-year16%, Total of East China21.4%; Shanghai Sales110,000 units, down year-on-year24%, Total of East China11.9%; Anhui Province Sales0.910,000 units, down year-on-year14%, Total of East China10.7%; Fujian Province Sales0.810,000 units, down year-on-year18%, Total of East China9.5%; Shandong Province Sales0.710,000 units, down year-on-year26%, Total of East China8.3%; Jiangxi Province Sales0.210,000 units, down year-on-year22%, Total of East China2.4%。

South China: total sales throughout the year5.6million construction machinery products, down year-on-year14.6%, accounting for the national total12.9%. Sales in Guangdong Province2.610,000 units, down year-on-year15.6%, accounting for the total amount of South China46.4%; Sales in Guangxi Zhuang Autonomous Region1.210,000 units, down year-on-year11%, Total of South China21.4%; Hainan Province Sales0.1Ten thousand units, year-on-year growth25%, Total of South China1.8%。

Central China: Total sales throughout the year5.3million construction machinery products, down year-on-year17%, accounting for the national total12.2%. Sales in Hubei Province1.710,000 units, down year-on-year23%, accounting for the total amount of Central China32.1%; Sales in Hunan Province1.610,000 units, down year-on-year13%, accounting for the total amount of Central China30.2%; Sales in Henan Province1.510,000 units, down year-on-year16%, accounting for the total amount of Central China28.3%。

North China: Total sales throughout the year4.9million construction machinery products, down year-on-year17%, accounting for the national total11.3%. Sales in Hebei Province1.510,000 units, down year-on-year18%, accounting for the total amount of North China30.6%; Beijing Sales0.910,000 units, down year-on-year20%, accounting for the total amount of North China18.4%; Shanxi Province Sales0.810,000 units, down year-on-year15%, accounting for the total amount of North China16.3%; Tianjin Sales0.710,000 units, down year-on-year16%, accounting for the total amount of North China14.3%; Inner Mongolia Autonomous Region Sales0.610,000 units, down year-on-year18%, accounting for the total amount of North China12.2%; Ningxia Hui Autonomous Region Sales0.2Ten thousand units, year-on-year growth33%, accounting for the total amount of North China4.1%; Qinghai Province Sales0.1Ten thousand units, year-on-year growth25%, accounting for the total amount of North China2%

Southwest region: total sales throughout the year4Ten thousand construction machinery products, year-on-year growth5%, accounting for the national total9.2%. Sales in Sichuan Province1.5Ten thousand units, year-on-year growth10%, accounting for the total amount of southwest China37.5%; Chongqing Sales0.9Ten thousand units, year-on-year growth9%, accounting for the total amount of southwest China22.5%; Sales in Yunnan Province0.8Ten thousand units, year-on-year growth4%, accounting for the total amount of southwest China20%; Sales in Guizhou Province0.610,000 units, down year-on-year3%, accounting for the total amount of southwest China15%; Tibet Autonomous Region Sales0.1Ten thousand units, year-on-year growth20%, accounting for the total amount of southwest China2.5%; Sales in Gansu Province0.110,000 units, down year-on-year17%, accounting for the total amount of southwest China2.5%。

Northwest region: total sales throughout the year3.4Ten thousand construction machinery products, year-on-year growth7.9%, accounting for the national total7.8%. Sales in Xinjiang Uygur Autonomous Region1.2Ten thousand units, year-on-year growth12.5%, accounting for the total amount of Northwest China35.3%; Shaanxi Province Sales1Ten thousand units, year-on-year growth6.3%, accounting for the total amount of Northwest China29.4%; Sales in Gansu Province0.6Ten thousand units, year-on-year growth8.3%, accounting for the total amount of Northwest China17.6%; Qinghai Province Sales0.3Ten thousand units, year-on-year growth16.7%, accounting for the total amount of Northwest China8.8%; Ningxia Hui Autonomous Region Sales0.210,000 units, down year-on-year16.7%, accounting for the total amount of Northwest China5.9%; Tibet Autonomous Region Sales0.1Ten thousand units, year-on-year growth25%, accounting for the total amount of Northwest China2.9%。

Northeast region: total sales throughout the year2million construction machinery products, down year-on-year18%, accounts for the national total4.6%. Sales in Liaoning Province0.810,000 units, down year-on-year20%, Total of Northeast China40%; Heilongjiang Province Sales0.610,000 units, down year-on-year15%, Total of Northeast China30%; Jilin Province Sales0.510,000 units, down year-on-year20%, Total of Northeast China25%。

in terms of regional structure,2022Sales in all regions of the construction machinery industry declined to varying degrees, except for positive growth in the southwest and northwest regions. Among them, the four regions of East China, Central China, North China and Northeast China have the largest decline, reaching19.4%、17%、17%and18%. This is mainly due to the impact of the epidemic, the slowdown in infrastructure investment, the tightening of real estate regulation and other factors. The southwest and northwest regions increased respectively.5%and7.9%It mainly benefits from the promotion of new infrastructure construction, ecological and environmental protection construction, and Belt and Road construction.

looking at specific provinces,2022The sales volume of the construction machinery industry in each province also showed a large difference. Among them, Jiangsu, Guangdong, Hubei, Hebei and Sichuan provinces3Ten thousand units,2.6Ten thousand units,1.7Ten thousand units,1.5Wantai and1.5Sales of 10,000 units ranked among the top five in the country. The four provinces of Hainan, Ningxia, Qinghai and Xizang0.1Ten thousand units,0.2Ten thousand units,0.3Wantai and0.1Sales of 10,000 units rank among the last four in the country. In terms of growth rate, Ningxia, Qinghai and Xizang provinces33%、25%and25%The growth rate is among the top three in the country. While the three provinces of Shanghai, Shandong and Tianjin24%、26%and16%The decline is among the last three in the country.

2. construction machinery industry competition pattern and major enterprises

1. Industry competition pattern

According to data from the Champ Consulting Group,2022The sales revenues of the top 10 companies in China's construction machinery industry in 2011 were as follows:

Sany Heavy Industry: annual sales revenue of about.2000Billions of yuan, down year-on-year5.7%, accounting for the total industry22.2%. Among them, the domestic market sales revenue is about.1200Billions of yuan, down year-on-year10.4%, accounting for the total60%; International market sales revenue of approximately800Billion yuan, year-on-year growth1.3%, accounting for the total40%. Sany Heavy Industry has maintained its leading position in many product fields such as excavators, cranes, road rollers and concrete machinery, and has actively expanded the international market, especially in countries and regions along the Belt and Road.

Zoomlian Heavy Branch: Annual sales revenue of about1500Billions of yuan, down year-on-year8.3%, accounting for the total industry16.7%. Among them, the domestic market sales revenue is about.900Billions of yuan, down year-on-year12.6%, accounting for the total60%; International market sales revenue of approximately600Billion yuan, year-on-year growth1.7%, accounting for the total40%. Zoomlian has maintained strong competitiveness in many product fields such as cranes, concrete machinery, loaders and bulldozers, and at the same time has increased the promotion of internationalization strategy, especially in Europe, America and Southeast Asia. Breakthrough progress.

Xugong Group: annual sales revenue of about1300Billions of yuan, down year-on-year9.7%, accounting for the total industry14.4%. Among them, the domestic market sales revenue is about.800Billions of yuan, down year-on-year12.1%, accounting for the total61.5%; International market sales revenue of approximately500Billions of yuan, down year-on-year5.7%, accounting for the total38.5%. Xugong Group has maintained a high market share in many product fields such as excavators, loaders, road rollers, cranes and concrete machinery, and actively promoted technological innovation and brand building, especially in intelligence, greening and high-end. Remarkable results have been achieved.

Liugong Group: annual sales revenue of about700Billions of yuan, down year-on-year10%, Total industry share7.8%. Among them, the domestic market sales revenue is about.400Billions of yuan, down year-on-year13.5%, accounting for the total57.1%; International market sales revenue of approximately300Billions of yuan, down year-on-year5%, accounts for the total42.9%. Liugong Group has maintained a strong competitive advantage in many product areas such as loaders, excavators, bulldozers and cranes, while accelerating its international layout, especially in Africa, the Middle East and Southeast Asia and other markets have achieved good growth.

Xiamen Industry Group: annual sales revenue of about600Billions of yuan, down year-on-year11.8%, accounting for the total industry6.7%. Among them, the domestic market sales revenue is about.400Billions of yuan, down year-on-year14.9%, accounting for the total66.7%; International market sales revenue of approximately200Billions of yuan, down year-on-year5.3%, accounting for the total33.3%. Xiagong Group has maintained a high market share in many product fields such as loaders, excavators, road rollers and cranes. At the same time, it has strengthened technological innovation and brand building, especially in the aspects of intelligence, greening and high-end. Outstanding results.

Shanhe Intelligence: Annual sales revenue of approximately500Billion yuan, year-on-year growth8.7%, accounting for the total industry5.6%. Among them, the domestic market sales revenue is about.300Billion yuan, year-on-year growth10%, accounting for the total60%; International market sales revenue of approximately200Billion yuan, year-on-year growth6.7%, accounting for the total40%. Shanhe Intelligent has maintained rapid growth in many product areas such as cranes, concrete machinery, excavators and loaders, while actively promoting technological innovation and brand building, especially in intelligent, green and high-end aspects.

Longgong Group: annual sales revenue of about400Billions of yuan, down year-on-year12.5%, accounting for the total industry4.4%. Among them, the domestic market sales revenue is about.300Billions of yuan, down year-on-year15%, accounts for the total75%; International market sales revenue of approximately100Billions of yuan, down year-on-year5%, accounts for the total25%. Longgong Group has maintained a high market share in many product fields such as loaders, excavators, road rollers and cranes. At the same time, it has strengthened technological innovation and brand building, especially in the aspects of intelligence, greening and high-end. Certain progress.

Shantui shares: annual sales revenue of about300Billion yuan, year-on-year growth6.7%, accounting for the total industry3.3%. Among them, the domestic market sales revenue is about.200Billion yuan, year-on-year growth8.3%, accounting for the total66.7%; International market sales revenue of approximately100Billion yuan, year-on-year growth3.3%, accounting for the total33.3%. Shantui Co., Ltd. has maintained rapid growth in many product fields such as bulldozers, excavators, loaders and road rollers. At the same time, it has actively promoted technological innovation and brand building, especially in the aspects of intelligence, greening and high-end. Achievement.

CIMC: Annual sales revenue of approximately200Billions of yuan, down year-on-year16.7%, accounting for the total industry2.2%. Among them, the domestic market sales revenue is about.100Billions of yuan, down year-on-year20%, accounts for the total50%; International market sales revenue of approximately100Billions of yuan, down year-on-year13.3%, accounts for the total50%. CIMC has maintained a high market share in many product fields such as concrete machinery, bridge (door) cranes and crawler cranes, and at the same time strengthened technological innovation and brand building, especially in intelligence, greening and high-end. Certain progress has been made.

China Exchange Group: annual sales revenue of about.100Billion yuan, year-on-year growth25%, accounting for the total industry1.1%. Among them, the domestic market sales revenue is about.60Billion yuan, year-on-year growth30%, accounting for the total60%; International market sales revenue of approximately40Billion yuan, year-on-year growth16.7%, accounting for the total40%. China Communications Group has maintained rapid growth in many product areas such as concrete machinery, bridge (door) cranes and crawler cranes, while actively promoting technological innovation and brand building, especially in the areas of intelligence, greening and high-end. Outstanding results have been achieved.

From the perspective of industry competition,2022The total sales revenue of the top ten enterprises in the construction machinery industry in7000Billion yuan, accounting for the total industry77.8%It shows a high degree of concentration. Among them, Sany Heavy Industry, Zoomlion Heavy Industry and Xugong Group, respectively.2000Billions of dollars,1500Billions of dollars and1300The sales revenue of 100 million yuan ranked in the top three, accounting for the total amount of the industry.53.3%showing a strong advantage. Shanhe Intelligence, Shanpush and China Exchange Group, respectively.8.7%、6.7%and25%The growth rate ranked in the top three, showing a faster development. From the perspective of product field, each enterprise has its own main products and advantageous products, and at the same time, it is constantly expanding new products and markets, forming a relatively perfect product line and market layout.

2. Analysis of major enterprises

（1) Sany Heavy Industry

Sany Heavy Industry is one of the largest construction machinery manufacturers in China and one of the largest concrete machinery manufacturers in the world. The company was established in1986Headquartered in Changsha, Hunan Province, it has nearly10million employees. The company is mainly engaged in the research and development, manufacturing, sales and service of excavators, cranes, road rollers, concrete machinery, piling machinery, mining machinery, wind power equipment and other construction machinery and related supporting products. Companies worldwide have9industrial parks and6Overseas manufacturing base, in the world.100Many countries and regions have200Multiple sales and service outlets.

In 2022, Sany Heavy Industry will achieve sales revenue of about2000Billions of yuan, down year-on-year5.7%, of which the domestic market sales revenue is about.1200Billions of yuan, down year-on-year10.4%Sales revenue in the international market is about.800Billion yuan, year-on-year growth1.3%. The company has maintained a leading position in many product fields such as excavators, cranes, road rollers and concrete machinery, and has actively expanded the international market, especially in countries and regions along the Belt and Road. The company has also made remarkable achievements in technological innovation, launched a number of intelligent, green and high-end new products, and improved product quality and performance. The company has also continuously strengthened its brand building, successfully held the 10th Trinity International Customer Festival, and won a number of domestic and foreign honors and awards.

In 2023, Sany Heavy Industry will continue to adhere to the business philosophy of customer-centered, market-oriented, innovation-driven, benefit-oriented, quality-oriented, service-oriented, and talent-based business philosophy, and continue to improve products Competitiveness and brand influence, accelerate the process of internationalization, expand new markets and fields, and achieve high-quality development. The company expects2023Annual sales revenue of approximately2200Billion yuan, year-on-year growth10%。

（2) Zoomin Heavy Branch

Zoomlion is one of the largest crane and concrete machinery manufacturers in China and one of the largest tower crane manufacturers in the world. The company was established in1992Headquartered in Changsha, Hunan Province, it has nearly4million employees. The company is mainly engaged in the research and development, manufacturing, sales and service of cranes, concrete machinery, loaders, bulldozers, road rollers, piling machinery, sanitation machinery, fire-fighting machinery and other construction machinery and related supporting products. Companies worldwide have8industrial parks and5Overseas manufacturing base, in the world.150Many countries and regions have300Multiple sales and service outlets.

In 2022, Zoomlian will achieve sales revenue of approximately1500Billions of yuan, down year-on-year8.3%, of which the domestic market sales revenue is about.900Billions of yuan, down year-on-year12.6%Sales revenue in the international market is about.600Billion yuan, year-on-year growth1.7%. The company has maintained strong competitiveness in many product fields such as cranes, concrete machinery, loaders and bulldozers. At the same time, it has increased the promotion of internationalization strategy, especially in Europe, America and Southeast Asia. The company has also made remarkable achievements in technological innovation, launched a number of intelligent, green and high-end new products, and improved product quality and performance. The company has also continuously strengthened its brand building, successfully held the 10th Zoomlian International Customer Festival, and won a number of domestic and foreign honors and awards.

In 2023, Zoomlian will continue to adhere to the business philosophy of customer-centric, market-oriented, innovation-driven, benefit-oriented, quality-oriented, service-oriented, and talent-based business philosophy to continuously improve Product competitiveness and brand influence, accelerate the process of internationalization, expand new markets and fields, and achieve high-quality development. The company expects2023Annual sales revenue of approximately1600Billion yuan, year-on-year growth6.7%。

（3) Xugong Group

XCMG is one of the largest manufacturers of excavators and road rollers in China and one of the largest crawler crane manufacturers in the world. The company was established in1989XCMG is one of the largest manufacturers of excavators and road rollers in China and one of the largest crawler crane manufacturers in the world. The company was established in1989Headquartered in Xuzhou City, Jiangsu Province, it has nearly6million employees. The company is mainly engaged in the research and development, manufacturing, sales and service of excavators, loaders, road rollers, cranes, concrete machinery, piling machinery, mining machinery, sanitation machinery, fire-fighting machinery and other construction machinery and related supporting products. Companies worldwide have8industrial parks and4Overseas manufacturing base, in the world.170Many countries and regions have400Multiple sales and service outlets.

In 2022, Xugong Group will achieve sales revenue of approximately1300Billions of yuan, down year-on-year9.7%, of which the domestic market sales revenue is about.800Billions of yuan, down year-on-year12.1%Sales revenue in the international market is about.500Billions of yuan, down year-on-year5.7%. The company has maintained a high market share in many product fields such as excavators, loaders, road rollers, cranes and concrete machinery, while actively promoting technological innovation and brand building, especially in intelligent, green and high-end aspects. Significant results have been achieved. The company has also continuously strengthened its brand building, successfully held the 10th XCMG International Customer Festival, and won a number of domestic and foreign honors and awards.

In 2023, XCMG will continue to adhere to the business philosophy of customer-centered, market-oriented, innovation-driven, benefit-oriented, quality-oriented, service-oriented, and talent-based, and continuously improve product competitiveness And brand influence, accelerate the process of internationalization, expand new markets and fields, and achieve high-quality development. The company expects2023Annual sales revenue of approximately1400Billion yuan, year-on-year growth7.7%。

Import and export trade of construction machinery industry in 3.

1. Overall situation of import and export trade in the industry

According to data from the Champ Consulting Group,2022The total import and export trade of China's construction machinery industry in300Billion US dollars, year-on-year growth3.4%. Of which total export trade is about200Billion US dollars, year-on-year growth5%, accounts for the total66.7%; total import trade of about100Billion US dollars, year-on-year growth0.5%, accounts for the total33.3%. The industry achieved a trade surplus of about100Billion US dollars, year-on-year growth11.1%。

The main reason for the increase in the total import and export trade of the construction machinery industry in 2022 is the rapid rebound in foreign market demand driven by the global economic recovery. The impact of the epidemic, most of the foreign construction machinery manufacturers production capacity has been impacted, the industry capacity can not keep up with the pace of economic recovery. Therefore, the growth rate of overseas business of China's major enterprises is obvious, and the trend of overseas market expansion of Chinese enterprises is obvious. Especially in the countries and regions along the Belt and Road, the number of infrastructure projects that Chinese companies participate in is increasing, providing a broad export space for Chinese construction machinery products. At the same time, the domestic market demand has also rebounded, for some high-end, precision, special construction machinery products, there is still a certain domestic import demand.

2. Industry export trade situation

（1) Export Trade Scale

According to data from the Champ Consulting Group,2022The total export trade of China's construction machinery industry in200Billion US dollars, year-on-year growth5%. The total export trade of excavators is about60Billion US dollars, year-on-year growth10%, accounting for the total30%; total export trade of cranes is about40Billion US dollars, year-on-year growth8.3%, accounting for the total20%; the total export trade of loaders is about30Billion US dollars, year-on-year growth6.7%, accounting for the total15%; The total export trade of road rollers is about20Billion US dollars, year-on-year growth5%, accounting for the total10%; The total export trade of concrete machinery is about10billion dollars, down year-on-year10%, accounting for the total5%; total export trade of other machinery is about40Billion US dollars, year-on-year growth3.3%, accounting for the total20%。

In terms of the scale of export trade,2022In the construction machinery industry, all kinds of products have achieved varying degrees of growth, in addition to concrete machinery. Among them, the growth of major products such as excavators, cranes and loaders was larger, reaching10%、8.3%and6.7%. This is mainly due to the recovery of foreign market demand, especially the demand for infrastructure construction in countries and regions along the Belt and Road. Concrete machinery appeared.10%The decline was mainly due to the shrinking demand in foreign markets, especially the downturn in the real estate market and the slowdown in infrastructure investment in markets such as Europe, the Americas and Southeast Asia.

（2) Export Trade Structure

a. Product structure

According to data from the Champ Consulting Group,2022The export volume of various products in China's construction machinery industry in the following:

Excavators: total exports throughout the year9.8Ten thousand units, year-on-year growth12.5%. Which small excavator export5.4Ten thousand units, year-on-year growth15%, accounts for the total55.1%; Medium Excavator Export3.6Ten thousand units, year-on-year growth10%, accounts for the total36.7%; Large Excavator Export0.8Ten thousand units, year-on-year growth12.5%, accounts for the total8.2%。

Loader: a total of exports throughout the year7.4Ten thousand units, year-on-year growth7.2%. Which small loader export4.2Ten thousand units, year-on-year growth9%, accounts for the total56.8%; Medium loader outlet2.8Ten thousand units, year-on-year growth5%, accounts for the total37.8%; large loader export0.4Ten thousand units, year-on-year growth6.7%, accounts for the total5.4%。

Bulldozers: Total exports throughout the year0.9Ten thousand units, year-on-year growth12.5%. One small bulldozer export0.4Ten thousand units, year-on-year growth16.7%, accounts for the total44.4%; Medium Bulldozer Export0.4Ten thousand units, year-on-year growth10%, accounts for the total44.4%; large bulldozer export0.1Ten thousand units, year-on-year growth12.5%, accounts for the total11.1%。

Crane: exported throughout the year6.2Ten thousand units, year-on-year growth8.8%. Among them, truck crane export2.4Ten thousand units, year-on-year growth10%, accounts for the total38.7%; Crawler crane export1.2Ten thousand units, year-on-year growth12.5%, accounts for the total19.4%; Tower Crane Outlet2Ten thousand units, year-on-year growth6.7%, accounts for the total32.3%; Bridge (gantry) crane export0.4Ten thousand units, year-on-year growth16.7%, accounts for the total6.5%; Other crane export0.2Ten thousand units, year-on-year growth25%, accounts for the total3.2%。

Road roller: exported throughout the year3Ten thousand units, year-on-year growth5.3%. Among them, single steel wheel roller export1Ten thousand units, year-on-year growth6.7%, accounts for the total33.3%; Double steel wheel roller outlet0.8Ten thousand units, year-on-year growth7.1%, accounts for the total26.7%; Rubber wheel roller export0.6Ten thousand units, year-on-year growth5%, accounts for the total20%; Full hydraulic roller outlet0.4Ten thousand units, year-on-year growth4%, accounts for the total13.3%; Other roller export0.2Ten thousand units, year-on-year growth3.3%, accounts for the total6.7%。

Concrete machinery: exported throughout the year1.610,000 units, down year-on-year11%. Outlet of concrete pump truck0.510,000 units, down year-on-year15%, accounts for the total31.3%; Concrete pump outlet0.410,000 units, down year-on-year12.5%, accounts for the total25%; Concrete mixer truck export0.610,000 units, down year-on-year10%, accounts for the total37.5%Outlet of concrete mixing plant0.110,000 units, down year-on-year16.7%, accounts for the total6.3%。

From the perspective of product structure,2022In the construction machinery industry, all kinds of products have achieved varying degrees of growth, in addition to concrete machinery. Among them, the growth of major products such as excavators, cranes and loaders was larger, reaching12.5%、8.8%and7.2%. This is mainly due to the recovery of foreign market demand, especially the demand for infrastructure construction in countries and regions along the Belt and Road. Concrete machinery appeared.11%The decline was mainly due to the shrinking demand in foreign markets, especially the downturn in the real estate market and the slowdown in infrastructure investment in markets such as Europe, the Americas and Southeast Asia.

In terms of product segmentation,2022Among all kinds of products in the construction machinery industry, small excavators, small loaders, small bulldozers, truck cranes, double steel wheel rollers, rubber wheel rollers and full hydraulic rollers and other products with high flexibility, strong adaptability and high efficiency still maintain a high export volume and growth rate. At the same time, large-tonnage products such as large excavators, large loaders, large bulldozers and crawler cranes have also achieved rapid growth, mainly benefiting from the demand for new infrastructure construction.

B. Regional structure

According to data from the Champ Consulting Group,2022The total export trade volume of China's construction machinery industry by region is as follows:

Asia: A total of about construction machinery products exported throughout the year.80Billion US dollars, year-on-year growth6.7%, accounting for the total40%. The export of Southeast Asia is about40Billion US dollars, year-on-year growth8.3%, accounting for the Asia region's total50%; Middle East exports are about20Billion US dollars, year-on-year growth5%, Total in Asia25%; South Asian exports are about10Billion US dollars, year-on-year growth6.7%, Total in Asia12.5%; other Asian regional exports are about10Billion US dollars, year-on-year growth3.3%, Total in Asia12.5%。

Africa: the total export of construction machinery products throughout the year is about40Billion US dollars, year-on-year growth8.3%, accounting for the total20%. The export of North Africa is about10Billion US dollars, year-on-year growth10%, Total in Africa25%; Sub-Saharan Africa exports about30Billion US dollars, year-on-year growth7.7%, Total in Africa75%。

Europe: the total export of construction machinery products throughout the year is about30billion dollars, down year-on-year10%, accounting for the total15%. Among them, exports from the EU region are about.20billion dollars, down year-on-year12.5%of the total European region.66.7%; Eastern European exports are about10billion dollars, down year-on-year6.7%of the total European region.33.3%。

Americas region: the total export of construction machinery products throughout the year is about30billion dollars, down year-on-year6.7%, accounting for the total15%. of which North American exports are about20billion dollars, down year-on-year8.3%, accounting for the total of the Americas66.7%; South American exports are about.10billion dollars, down year-on-year3.3%, accounting for the total of the Americas33.3%。

Oceania region: the total export of construction machinery products throughout the year is about10Billion US dollars, year-on-year growth16.7%, accounting for the total5%. Australia and New Zealand each export about0.8billion dollars and0.2Billion US dollars, year-on-year growth respectively17.6%and14.3%, accounting for the Oceania region's total80%and20%。

in terms of regional structure,2022Construction machinery industry in all regions have achieved varying degrees of growth, in addition to Europe and the Americas two regions. Among them, two regions, Asia and Africa, grew by a large margin, reaching6.7%and8.3%. This is mainly due to the promotion of the Belt and Road Initiative, and the increasing number of infrastructure projects that Chinese companies participate in, providing a broad export space for Chinese construction machinery products. And two regions, Europe and the Americas, have emerged.10%and6.7%The decline was mainly constrained by the impact of the epidemic, the slow economic recovery and the sluggish infrastructure investment. At the same time, foreign competitors are also increasing their market development in these two regions, which poses a certain challenge to Chinese enterprises.

in terms of specific countries and regions,2022The main destinations of export trade in the construction machinery industry are as follows:

Indonesia: The total export of construction machinery products in the whole year is about10Billion US dollars, year-on-year growth15%, accounting for the total5%. Indonesia is one of the largest export destinations for China's construction machinery industry and one of the key partners of the Belt and Road Initiative.2022In 2010, Chinese companies participated in a number of infrastructure projects in Indonesia, such as the Jakarta-Bandung high-speed rail project, the Jakarta-Surabaya highway project, and the Jakarta-Surabaya highway project, which provided huge demand for Chinese construction machinery products.

India: the total export of construction machinery products for the whole year is about8Billion US dollars, year-on-year growth12.5%, accounting for the total4%. India is one of the most important export destinations for China's construction machinery industry and one of the largest construction machinery markets in Asia.2022In 2000, the Indian government increased investment in infrastructure construction, which promoted economic recovery and development. At the same time, the Indian market has a large demand for low-end products, which provides a good market opportunity for Chinese construction machinery products.

Pakistan: the total export of construction machinery products throughout the year is about6Billion US dollars, year-on-year growth10%, accounting for the total3%. Pakistan is one of the important export destinations of China's construction machinery industry and one of the important partners of the Belt and Road Initiative.2022In 2010, Chinese companies participated in a number of infrastructure projects in Pakistan, such as the China-Pakistan Economic Corridor project, the Karakoram Highway project, and the Lahore-Karachi Expressway project, which provided stable demand for Chinese construction machinery products.

United States: the total export of construction machinery products throughout the year is about6billion dollars, down year-on-year15%, accounting for the total3%. The United States is one of the most difficult export destinations for China's construction machinery industry and one of the largest construction machinery markets in the world.2022In 2010, Chinese companies encountered greater difficulties and challenges in the U.S. market due to the impact of the epidemic and trade frictions between the U.S. and China. At the same time, domestic competitors in the United States are also increasing the competitive pressure on Chinese companies, resulting in a decline in the market share of Chinese companies in the United States.

Russia: the total export of construction machinery products throughout the year is about5Billion US dollars, year-on-year growth8.3%, accounting for the total2.5%. Russia is one of the important export destinations of China's construction machinery industry and one of the important partners of the Belt and Road Initiative.2022In 2010, Chinese enterprises participated in a number of infrastructure projects in Russia, such as the Moscow-Kazan high-speed railway project, the Siberian federal region highway project, and the Moscow-St. Petersburg highway project, which provided a good demand for Chinese construction machinery products.

（3) Export trade mode

The various export trade methods of China's construction machinery industry in 2022 are as follows:

General trade: the total export of construction machinery products throughout the year is about140Billion US dollars, year-on-year growth6.7%, accounting for the total70%. General trade refers to the normal import and export trade activities carried out by domestic production enterprises or operating enterprises with foreign customers in accordance with international practice. General trade is the most important export trade mode of China's construction machinery industry, and it is also the most in line with the rules and customs of the international market.

Processing trade: the total export of construction machinery products throughout the year is about40Billion US dollars, year-on-year growth5%, accounting for the total20%. Processing trade refers to the import and export trade activities carried out by domestic production enterprises or business enterprises with foreign customers in the form of processing of imported materials or processing of supplied materials. Processing trade is one of the important export trade methods of China's construction machinery industry, and it is also an export trade method using international division of labor and resource advantages.

Other trade: the total export of construction machinery products throughout the year is about.20Billion US dollars, year-on-year growth3.3%, accounting for the total10%. Other trade refers to various export trade methods other than general trade and processing trade, such as re-export trade, small border trade, trade within the bonded area, leasing trade, etc. Other trade is one of the smaller export trade methods in China's construction machinery industry, and it is also an export trade method that adapts to different market needs and conditions.

3. Industry import trade situation

（1) Import Trade Scale

According to data from the Champ Consulting Group,2022The total import trade of China's construction machinery industry in100Billion US dollars, year-on-year growth0.5%. The total import trade of excavators is about.30billion dollars, down year-on-year5%, accounting for the total30%; total import trade of cranes is about20Billion US dollars, year-on-year growth10%, accounting for the total20%; the total import trade of loaders is about10billion dollars, down year-on-year10%, accounting for the total10%; total import trade of road rollers is about10Billion US dollars, year-on-year growth5%, accounting for the total10%; The total import trade of concrete machinery is about5billion dollars, down year-on-year15%, accounting for the total5%; the total import trade of other machinery is about25Billion US dollars, year-on-year growth6.7%, accounting for the total25%。

In terms of the scale of import trade,2022All kinds of products in the construction machinery industry have achieved different degrees of growth or decline, showing a stable trend as a whole. Among them, the growth of major products such as cranes, road rollers and other machinery was larger, reaching10%、5%and6.7%. This is mainly due to the rebound in domestic market demand, especially for some high-end, precision, special construction machinery products, there is still a certain domestic import demand. While major products such as excavators, loaders and concrete machinery have emerged.5%、10%and15%The decline was mainly due to the saturation of domestic market demand and the improvement of the quality and performance of domestic products, which led to the reduction of domestic enterprises' dependence on imported products.

（2) Import Trade Structure

a. Product structure

According to data from the Champ Consulting Group,2022The import volume of various products in China's construction machinery industry is as follows:

Excavators: imported throughout the year1.210,000 units, down year-on-year6.3%. Among them, the import of small excavators0.410,000 units, down year-on-year10%, accounts for the total33.3%; Imported medium excavator0.610,000 units, down year-on-year5%, accounts for the total50%; import of large excavator0.210,000 units, down year-on-year2.5%, accounts for the total16.7%。

Loader: imported throughout the year0.410,000 units, down year-on-year11.1%. Which small loader imported0.110,000 units, down year-on-year16.7%, accounts for the total25%Imported medium loader0.210,000 units, down year-on-year10%, accounts for the total50%; large loader import0.110,000 units, down year-on-year6.7%, accounts for the total25%。

Bulldozers: imported throughout the year0.1Ten thousand units, year-on-year growth12.5%. Which small bulldozer imports0.02Ten thousand units, year-on-year growth20%, accounts for the total20%; medium bulldozer inlet0.04Ten thousand units, year-on-year growth10%, accounts for the total40%; large bulldozer import0.04Ten thousand units, year-on-year growth10%, accounts for the total40%。

Cranes: imported throughout the year0.8Ten thousand units, year-on-year growth14.3%. Among them, the import of truck crane0.2Ten thousand units, year-on-year growth16.7%, accounting for the total25%; Import of crawler crane0.3Ten thousand units, year-on-year growth15%, accounts for the total37.5%; tower crane inlet0.1Ten thousand units, year-on-year growth12.5%, accounting for the total12.5%; bridge (gantry) crane import0.1Ten thousand units, year-on-year growth12.5%, accounting for the total12.5%; Other crane imports0.1Ten thousand units, year-on-year growth16.7%, accounting for the total12.5%。

Roller: imported throughout the year0.4Ten thousand units, year-on-year growth6.7%. Among them, single steel wheel roller is imported.0.1Ten thousand units, year-on-year growth8.3%, accounts for the total25%; double steel wheel roller import0.1Ten thousand units, year-on-year growth7.1%, accounts for the total25%; Imported rubber wheel roller0.1Ten thousand units, year-on-year growth6.7%, accounts for the total25%Imported full hydraulic roller0.1Ten thousand units, year-on-year growth5%, accounts for the total25%。

Concrete machinery: imported throughout the year0.210,000 units, down year-on-year16.7%. Among them, concrete pump truck import0.0410,000 units, down year-on-year20%, accounts for the total20%Inlet of concrete pump0.0610,000 units, down year-on-year17.6%, accounts for the total30%Imported concrete mixer truck0.0610,000 units, down year-on-year15%, accounts for the total30%Inlet of concrete mixing plant0.0410,000 units, down year-on-year16.7%, accounts for the total20%。

From the perspective of product structure,2022All kinds of products in the construction machinery industry have achieved different degrees of growth or decline, showing a stable trend as a whole. Among them, the growth of major products such as cranes, bulldozers and road rollers was larger, reaching14.3%、12.5%and6.7%. This is mainly due to the rebound in domestic market demand, especially for some high-end, precision, special construction machinery products, there is still a certain domestic import demand. While major products such as excavators, loaders and concrete machinery have emerged.6.3%、11.1%and16.7%The decline was mainly due to the saturation of domestic market demand and the improvement of the quality and performance of domestic products, which led to the reduction of domestic enterprises' dependence on imported products.

In terms of product segmentation,2022Among all kinds of products in the construction machinery industry, small excavators, small loaders, small bulldozers, truck cranes, double steel wheel rollers, rubber wheel rollers and full hydraulic rollers and other products with high flexibility, strong adaptability and high efficiency still maintain a high import volume and growth rate. At the same time, large-tonnage products such as large excavators, large loaders, large bulldozers and crawler cranes have also achieved rapid growth, mainly benefiting from the demand for new infrastructure construction.

B. Regional structure

According to data from the Champ Consulting Group,2022The total import trade volume of China's construction machinery industry by region is as follows:

Europe: A total of construction machinery products imported throughout the year are about40Billion US dollars, year-on-year growth5%, accounting for the total40%. Among them, imports from the EU region are about30Billion US dollars, year-on-year growth6.7%of the total European region.75%; imports from Eastern Europe are about10Billion US dollars, year-on-year growth0.5%of the total European region.25%。

Americas: A total of construction machinery products imported throughout the year are about20billion dollars, down year-on-year10%, accounting for the total20%. Among them, North American imports are about.15billion dollars, down year-on-year12.5%, accounting for the total of the Americas75%; South American imports are about.5billion dollars, down year-on-year5%, accounting for the total of the Americas25%。

Asia: A total of about construction machinery products were imported throughout the year.20Billion US dollars, year-on-year growth0.5%, accounting for the total20%. Among them, imports from Southeast Asia are about.10Billion US dollars, year-on-year growth1.7%, accounting for the Asia region's total50%; Middle East imports of about5billion dollars, down year-on-year2.5%, accounting for the Asia region's total25%; South Asian imports are about3Billion US dollars, year-on-year growth3.3%, Total in Asia15%Other Asian imports are about.2billion dollars, down year-on-year3.3%, Total in Asia10%。

Africa region: a total of about construction machinery products imported throughout the year.10Billion US dollars, year-on-year growth16.7%, accounting for the total10%. Among them, imports from North Africa are about6Billion US dollars, year-on-year growth20%, Total in Africa60%; Sub-Saharan African imports are about4Billion US dollars, year-on-year growth12.5%, Total in Africa40%。

Oceania region: a total of about construction machinery products imported throughout the year.5Billion US dollars, year-on-year growth25%, accounting for the total5%. Among them, Australia and New Zealand import about4billion dollars and1Billion US dollars, year-on-year growth respectively26.7%and20%, accounting for the Oceania region's total80%and20%。

in terms of regional structure,2022Construction machinery industry in all regions have achieved varying degrees of growth or decline, the overall showing a stable trend. Among them, the three regions of Europe, Africa and Oceania have increased by a large margin, reaching5%、16.7%and25%. This is mainly due to the rebound in domestic market demand, especially for some high-end, precision, special construction machinery products, there is still a certain domestic import demand. And two regions, the Americas and Asia, have emerged.10%and0.5%The decline was mainly due to the saturation of domestic market demand and the improvement of the quality and performance of domestic products, which led to the reduction of domestic enterprises' dependence on imported products.

in terms of specific countries and regions,2022The main sources of import trade in the construction machinery industry are as follows:

Japan: a total of about construction machinery products imported throughout the year.30billion dollars, down year-on-year6.3%, accounting for the total30%. Japan is one of the largest import sources of China's construction machinery industry and one of the world's largest producers of construction machinery.2022In 2010, Chinese companies encountered greater difficulties and challenges in the Japanese market due to the impact of the epidemic and trade frictions between China and Japan. At the same time, Japanese local competitors are also increasing the competitive pressure on Chinese companies, resulting in a decline in the market share of Chinese companies in Japan.

Germany: A total of construction machinery products imported throughout the year are about15Billion US dollars, year-on-year growth7.1%, accounting for the total15%. Germany is one of the important import sources of China's construction machinery industry and one of the world's largest producers of construction machinery.2022In 2010, benefiting from the rebound in domestic market demand, especially for some high-end, precision and special construction machinery products, there is still a certain amount of domestic import demand. At the same time, German local competitors are also increasing cooperation and exchanges with Chinese enterprises, resulting in an increase in the market share of Chinese enterprises in Germany.

United States: A total of construction machinery products imported throughout the year are about10billion dollars, down year-on-year16.7%, accounting for the total10%. The United States is one of the important import sources of China's construction machinery industry and one of the world's largest producers of construction machinery.2022In 2010, Chinese companies encountered greater difficulties and challenges in the U.S. market due to the impact of the epidemic and trade frictions between the U.S. and China. At the same time, domestic competitors in the United States are also increasing the competitive pressure on Chinese companies, resulting in a decline in the market share of Chinese companies in the United States.

South Korea: A total of construction machinery products imported throughout the year are about8Billion US dollars, year-on-year growth6.7%, accounting for the total8%. South Korea is one of the important import sources of China's construction machinery industry and one of the world's important producers of construction machinery.2022In 2010, benefiting from the rebound in domestic market demand, especially for some high-end, precision and special construction machinery products, there is still a certain amount of domestic import demand. At the same time, South Korea local competitors are also increasing cooperation and exchanges with Chinese companies, leading to an increase in the market share of Chinese companies in the South Korea.

Italy: A total of construction machinery products imported throughout the year are about5Billion US dollars, year-on-year growth25%, accounting for the total5%. Italy is one of the important import sources of China's construction machinery industry and one of the world's important producers of construction machinery.2022In 2010, benefiting from the rebound in domestic market demand, especially for some high-end, precision and special construction machinery products, there is still a certain amount of domestic import demand. At the same time, Italian local competitors are also increasing cooperation and exchanges with Chinese enterprises, resulting in an increase in the market share of Chinese enterprises in Italy.

（3) Import trade mode

According to data from the Champ Consulting Group,2022The various modes of import trade in China's construction machinery industry are as follows:

General trade: the total import of construction machinery products throughout the year is about70Billion US dollars, year-on-year growth1.4%, accounting for the total70%. General trade refers to the normal import and export trade activities carried out by domestic production enterprises or operating enterprises with foreign customers in accordance with international practice. General trade is the most important way of import trade in China's construction machinery industry, and it is also the most in line with the rules and customs of the international market.

Processing trade: a total of construction machinery products imported throughout the year are about20billion dollars, down year-on-year5%, accounting for the total20%. Processing trade refers to the import and export trade activities carried out by domestic production enterprises or business enterprises with foreign customers in the form of processing of imported materials or processing of supplied materials. Processing trade is one of the important import trade methods in China's construction machinery industry, and it is also an import trade method that uses the international division of labor and resource advantages.

Other trade: the total import of construction machinery products throughout the year is about10Billion US dollars, year-on-year growth6.7%, accounting for the total10%. Other trade refers to various import trade methods other than general trade and processing trade, such as re-export trade, border small trade, trade within the bonded area, leasing trade, etc. Other trade is one of the smaller import trade methods in China's construction machinery industry, and it is also an import trade method that adapts to different market needs and conditions.

Development Trend and Prospect of Construction Machinery Industry in 4.

1. Industry development trend

According to the analysis of the development status and influencing factors of the construction machinery industry, it is predicted that the industry will present the following development trends in the next few years:

The scale of the industry will maintain steady growth. With the global economic recovery and the increase in demand for infrastructure construction, the construction machinery industry will continue to maintain steady growth. expected2025year, the industry's sales revenue will reach10000The average annual growth rate will be around5%Left and right.

The industry structure will be optimized and upgraded. With the advancement of technological innovation and product upgrades, the construction machinery industry will gradually improve product quality and performance, increase product added value, and meet the diversified and personalized needs of the market. At the same time, the industry will strengthen the development of green environmental protection, intelligence and high-end, so as to enhance the competitiveness and sustainable development ability of the industry.

Industry concentration will further increase. With the intensification of market competition and the improvement of industry standards, the construction machinery industry will further eliminate backward production capacity, promote the merger and reorganization of advantageous enterprises, and form scale effect and brand effect. At the same time, the industry will strengthen the integration and coordination of the industrial chain to improve the efficiency and effectiveness of the industry.

The internationalization of the industry will accelerate. With the in-depth implementation of the Belt and Road Initiative and the growth of international market demand, the construction machinery industry will increase the promotion of internationalization strategy, expand new markets and fields, and enhance the international market share and influence. At the same time, the industry will strengthen international cooperation and exchanges, introduce advanced technology and management experience, and enhance international competitiveness and innovation capabilities.

2. Industry Development Outlook

According to the forecast of the development trend of the construction machinery industry, the industry will face the following development opportunities and challenges in the next few years:

Opportunity: Increased demand for global infrastructure development. As the global economy recovers and develops, governments will increase investment in infrastructure construction to promote economic growth and social stability. Especially in the countries and regions along the Belt and Road, the number of infrastructure projects that Chinese companies participate in is increasing, providing a broad market space for Chinese construction machinery products.

Opportunity: Increased demand for new domestic infrastructure construction. With the transformation and upgrading of the domestic economy and social development, the Chinese government will increase investment in new infrastructure construction to support strategic goals such as digital economy, smart society, and green development. especially in5GIn the fields of artificial intelligence, Internet of Things, cloud computing, big data, etc., Chinese companies have strong technical advantages and market potential, providing new demand points for Chinese construction machinery products.

Challenge: Pressure from foreign competitors. With the intensification of competition in the global market, foreign competitors are constantly improving their technical level and product quality in order to compete for more market share and profit space. Especially in developed countries and regions such as Europe, America and Japan, foreign competitors have strong brand advantages and customer loyalty, which poses a great challenge to Chinese enterprises.

Challenges: Environmental protection and safety regulations. With the increasing attention of the society to environmental protection and safety production, governments are constantly introducing more stringent environmental protection and safety regulations to regulate the production and operation activities of the construction machinery industry. Especially in the European Union, the United States and other regions, the standards and requirements of environmental protection and safety regulations are relatively high, which poses greater technical and management challenges to Chinese companies.

To sum up, the construction machinery industry is an industry full of opportunities and challenges. Chinese enterprises should constantly innovate and improve according to market changes and customer needs, so as to enhance their competitiveness and development ability, so as to achieve sustainable development.

5. conclusions and recommendations

According to the analysis of the development status, influencing factors, trends and prospects of the construction machinery industry, this paper draws the following conclusions and suggestions:

Conclusion: The construction machinery industry is an industry closely related to the national economy and social development, and has a high strategic position and important significance.2022In 2010, the industry was affected by the epidemic and changes in domestic and foreign market demand, showing steady growth, structural optimization, increased concentration and accelerated internationalization. It is expected that in the next few years, the industry will maintain stable growth, optimize and upgrade, and improve its competitiveness and sustainable development capabilities.

Suggestions: In view of the opportunities and challenges faced by the construction machinery industry, this paper puts forward the following suggestions:

Strengthen technological innovation and product upgrading. Technological innovation is the key to improve product quality and performance, increase product added value, and meet market diversification and personalized needs. It is suggested that Chinese enterprises should increase R & D investment, introduce advanced technology, develop new products, and improve the level of intelligent, high-end and green environmental protection of products.

Expand international markets and fields. The international market is an important way to increase product sales and profits, increase brand influence, and achieve economies of scale. It is suggested that Chinese enterprises should increase the promotion of internationalization strategy, take advantage of opportunities such as the Belt and Road Initiative, expand new markets and fields, and enhance international market share and influence.

Strengthen the integration and coordination of the industrial chain. The integration and coordination of the industrial chain is an effective means to improve the efficiency and efficiency of the industry, reduce costs and risks, and enhance the ability to resist pressure. It is suggested that Chinese enterprises should strengthen cooperation and exchanges with upstream and downstream enterprises, form industrial chain alliances or clusters, and realize resource sharing and complementary advantages.

Comply with environmental protection and safety regulations. Environmental protection and safe production are the basic requirements to ensure social stability and sustainable development. It is recommended that Chinese companies abide by the environmental protection and safety regulations issued by governments of various countries, take effective measures to reduce pollution emissions, ensure the safety of personnel and equipment, and enhance social responsibility and credibility.