Analysis of the Development of China's Construction Machinery

With the overcapacity in the industry and the slowdown in the growth of domestic infrastructure, the competition in China's construction machinery industry has become increasingly fierce. Many companies have placed their hopes of growth on overseas markets. Speed ​​is a competitive factor in this industry. In the process of Chinese engineering machinery going overseas and achieving internationalization, mergers and acquisitions as a means to enable companies to achieve large-scale development is considered a shortcut, big acquisitions one by one, Zhonglian merged with CIFA, Sany acquired Putzmeister, and XCMG acquired Shi Weiying.... The image of China's construction machinery enterprises is very impressive.

However, internationalization may be a new growth point, but the overcapacity of the industry and the lack of independent innovation capabilities of enterprises are problems that cannot be ignored. The glorious achievements belong to the past. The golden decade has already become a thing of the past. Difficult reality and future challenges still exist. When the industrial downturn has been over for more than two years in a row, it is still not possible to give an exact time. However, with the increasingly difficult situation of enterprises, China Construction Machinery has indeed ushered in the time to reshuffle. Large and small enterprises not only started to rearrange seats, but some even faced the danger of exiting.

“In the future, there may be only 20 to 30 large-scale enterprises in the world that can survive. Enterprises need differentiated competition, including products, sales, services, and operations to live differently.”

Zeng Guangan said that if China can emerge from the 10 to 15 powerful companies in the future, China is an industry power. However, competition is cruel. We can wait and see if China’s construction machinery can occupy a place.