Construction machinery products have the characteristics of a long production cycle, and the purchase cycle of some imported components of the company is also long. At the same time, the sales of the construction machinery industry have obvious seasonal fluctuations. Therefore, CCMIE does not completely adopt the order-based production mode.
In 2020, excavation machinery sales revenue was 37.528 billion yuan, a year-on-year increase of 35.85%. The domestic market has won the sales champion for 10 consecutive years. The market share of all large, medium and small excavators has increased significantly, and the output of excavators has exceeded 90,000 units. No. 1 in the world; concrete machinery achieved sales revenue of 27.052 billion yuan, a year-on-year increase of 16.6%, and it is ranked first in the world. The sales revenue of hoisting machinery reached 19.409 billion yuan, a year-on-year increase of 38.84%, and the market share of truck cranes continued to increase; the sales revenue of pile machinery was 6.825 billion yuan, a year-on-year increase of 41.9%, ranking first in China; road machinery sales revenue was 2.804 billion yuan , A year-on-year increase of 30.59%, the market share of paver ranks first in the country, and the market share of graders and road rollers has increased significantly.
In the medium and long term, China’s industrialization and urbanization have not yet been completed and are still in the process of development. In addition, investment in infrastructure such as railways, highways, airports, urban rail transit, water conservancy, and underground pipe corridors has increased, and the country has strengthened environmental governance and equipment. Renewing the driving factors of demand growth, artificial substitution effect, and the enhancement of Chinese brands’ global competitiveness, China’s construction machinery has a long-term and broad market prospect. CCMIE is full of confidence in the development prospects of the construction machinery industry market.
Post time: Apr-14-2021