Since the start of this year, the domestic construction machinery market has shown signs of recovery, with an overall improvement in the industry's operating environment. This positive shift can be attributed to several key factors. First, domestic demand is expected to stabilize and even see a slight increase this year, marking a reversal from previous downward trends. Second, under the pressure of overcapacity, market demand is becoming more selective, favoring companies with strong competitive advantages and reducing the intensity of price wars. Additionally, the export market, which has been gradually developed over the years, is now entering a phase of accelerated growth. These developments clearly indicate that the construction machinery industry is beginning to show signs of stabilizing and turning around.
According to statistics, China plans to invest 2.3 trillion yuan in railway and urban rail transit projects over the next 15 years. This massive investment will create significant demand for construction machinery, providing a solid foundation for industry growth.
In response to these opportunities, the construction machinery sector must continue to optimize its product structure and actively explore new markets. Particularly, there is great potential in the small excavator and road machinery segments, which have broad market prospects. For instance, in international markets, the sales ratio between small and large excavators is roughly 1:1. However, domestically, in 2005, only 7,000 mini excavators were produced, while large excavators reached over 30,000 units. This imbalance highlights a growing opportunity for expansion and diversification in the domestic market. By focusing on these areas, the industry can better align with market needs and secure long-term growth.
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