The downward trend of construction machinery industry has been improved, and its development characteristics are analyzed

Construction machinery is machinery that serves urban and rural construction, railways, highways, ports and docks, farmland water conservancy, electric power, metallurgy, mines and other capital construction projects; All the necessary working machinery and equipment for earthwork, stonework, concrete engineering and various construction and installation projects in comprehensive mechanized construction are collectively referred to as construction machinery. Construction machinery is widely used in construction, water conservancy, electric power, roads, mines, ports and national defense and other engineering fields.

During the Eleventh Five-Year Plan period, China's construction machinery industry showed a blowout development, and the production scale and sales scale of all kinds of construction machinery and equipment reached a relatively high level of development. During the "Twelfth Five-Year Plan" period, the downward pressure on China's economic development increased, the development speed of the downstream demand market slowed down, the real estate industry continued to be sluggish, and the investment-driven benefits in the infrastructure sector also showed a certain decline. At the same time, the expanding market share of construction machinery and equipment also makes the development speed of construction machinery industry show a downward trend, especially in 2012 and 2013, some construction machinery manufacturing enterprises suffered losses to varying degrees, and the development situation of the industry became increasingly severe, and the whole construction machinery industry was in the cold winter of industry development.

For the construction machinery industry, its development mainly has the following three characteristics:

1. Industry development is closely related to national macroeconomic development.

For the construction machinery industry, the development of the industry has a high correlation with the development of the downstream demand market, and the development of downstream industries such as real estate industry, infrastructure industry, electric power industry and coal industry has a high correlation with the demand growth of various construction machinery and equipment. For the real estate industry, infrastructure industry, power industry, coal industry, etc., the development of these industries is closely related to the national macroeconomic development. The adjustment of national macroeconomic policies and the reform and development of related industries have made these industries have great changes, thus having a significant impact on the entire construction machinery industry.

2. The development of industry market concentration shows a trend of gradual increase.

The construction machinery industry is technology-intensive, labor-intensive and capital-intensive, and the related production enterprises generally have a large scale in equipment research and development technology and financial strength. At present, there are more than 1,000 construction machinery manufacturers in China, of which less than 100 are large enterprises above designated size, and the number of small and medium-sized production enterprises in the whole construction machinery industry accounts for the main share. However, from the sales situation of all kinds of construction machinery and equipment, the sales share of all kinds of construction machinery and equipment of large leading enterprises in the industry is relatively high, and the overall market concentration of the industry presents a high level.

At the same time, with the continuous improvement of the development level of China's construction machinery industry, the phenomenon of mergers and acquisitions among enterprises is increasing, the competition in the construction machinery market is intensifying, and the development environment of the industry is becoming increasingly complex and changeable, which makes enterprises in the industry gradually eliminated or merged, and large-scale production enterprises gradually embark on the direction of becoming bigger, stronger and wider, and the market concentration of the industry is also steadily increasing.

3. High-end intelligent construction machinery and equipment has become one of the main directions of industry development.

After constant adjustment and reform, the construction machinery industry is constantly looking for new growth points in the process of adapting to the changing market demand. Integrating more scientific and technological content, superior and stable performance and intelligent equipment operation has become one of the main development directions of the construction machinery industry under the new situation.

With the continuous improvement of the development level of China's equipment manufacturing industry, the application of new scientific and technological achievements in construction machinery and equipment is gradually increasing, the added value of construction machinery and equipment is further enhanced, and the application scope and field of equipment are constantly broadened. With the increasingly changeable development of the industry market and the increasingly fierce market competition environment, major construction machinery manufacturers strengthen technological innovation in all aspects from enterprise management to product design, R&D and manufacturing, break through the technical problems of equipment engineering and improve the market competitiveness of enterprise products. Generally speaking, under the impetus of Industry 4.0, the continuous development and application of information technology will make the construction machinery industry embark on a higher level of development in terms of scientific and technological content, and construction machinery equipment will gradually begin to embark on high-end, intelligent and information.

With the smooth transition of China's economic development to normalization, the state's investment in infrastructure projects has steadily increased, the real estate development has also shown a certain warming development, and the development structure of the construction machinery industry has been continuously optimized, and the development environment of the industry has been better improved. All these make China's construction machinery industry face new development opportunities in the new historical period, and the overall downward trend of the industry will also be greatly improved.