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In 2020, China’s excavator production and sales will account for 70% of the global market.

In 2019, China’s excavator production and sales accounted for 62% of the world’s total. In 2020, this number may exceed 70%. “The editor-in-chief of “China Construction Machinery” and Secretary-General of the Organizing Committee of the Global Construction Machinery T50 Summit, Sun Zhe, said at the 2020 Global Top 50 Construction Machinery Summit and China Construction Technology Innovation Conference on the 23rd.

Construction Machinery Summit
The 2020 Global Top 50 Construction Machinery Summit and China Construction Technology Innovation Conference Site

In the global construction machinery industry, excavators are a crucial sector. According to Sun Zhe, the total sales of the top 20 global excavators’ excavator business in 2020 accounted for nearly one-third of the top 50 sales. China has become the world’s largest excavator market.

Affected by the epidemic, data from January to September 2020 show that the sales of construction machinery manufacturers of European, American, and Japanese companies have experienced a large-scale decline, generally exceeding 20%. But at the same time, the sales of mainstream Chinese manufacturers have generally increased, with an overall increase of over 20%.

“In 2020, in the latest Top 50 Global Construction Machinery Manufacturers list, the total sales of 11 Chinese companies on the list reached 36.229 billion U.S. dollars.” Sun Zhe said, European, American, and Japanese companies declined, while Chinese construction machinery companies grew. In 2020, Chinese companies’ sales in the top 50 companies may surpass the American companies to become the world’s first, which will affect the entire global construction machinery industry.

Sun Zhe said that when the first global construction machinery industry conference was held 10 years ago, mainstream Chinese manufacturers’ overseas sales accounted for only 3%. In 2019, this figure reached 20% or even 30%. Mechanical products still have more room for development in the global market.

“Eleven Chinese manufacturers have entered the top 50 global construction machinery manufacturers.” According to Sun Jianzhong, vice president of Xugong Machinery and general manager of Xugong’s Hoisting Machinery Division, the genre of Chinese construction machinery products is taking shape. “Efforts to promote the industrial chain to the high-end upgrade and transformation of the value chain, we must occupy the commanding heights to create technologically advanced, indestructible products; technological innovation helps the industry to break through the last mile problem; build an industrial value chain that shares the same destiny and participate in higher levels International competition.”

Guo Xuehong, vice president of Zoomlion, also said, “The current new round of scientific and technological revolution and industrial transformation is reshaping the global economic structure. China’s construction machinery industry urgently needs to further play the role of enterprises as the main body of innovation, use new mechanisms to stimulate innovation and promote Comprehensive innovation with technological innovation as the core.”

To promote the improvement of digitalization, intelligence, and intelligence in construction, the 2020 2nd China Construction Technology Innovation Conference also released the “2020 China 100 Innovative Buildings” and “2020 China 100 Construction Project Managers” lists, sharing innovative ideas, Exchange technologies, introduce successful experiences, showcase innovative achievements, and promote the high-quality development of China’s construction industry.

Source: China News Network

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