With the stimulation of the continuous growth of infrastructure investment,the demand for construction machinery has increased significantly.The construction machinery industry in China has been developing continuously,and the penetration rate of construction machinery has been increasing.It is expected that under the support of industrial policy and digital transformation,China's construction machinery industry will continue to transform and upgrade.

1、Definition of construction machinery

Construction machinery is an important part of the equipment industry.It mainly refers to the mechanical equipment necessary for the comprehensive mechanized construction engineering required by the earthwork construction engineering,pavement construction and maintenance,mobile crane loading and unloading operation and various construction engineering.

At present,the common construction machinery mainly includes excavation machinery,earth-moving and transportation machinery,engineering lifting machinery,industrial vehicles,compaction machinery,piling machinery,concrete machinery,reinforcement and pre-stressing machinery,decoration machinery,rock drilling machinery,pneumatic tools,railway route machinery,military construction machinery,elevators and escalators,special parts of construction machinery,etc.

2、Relevant policies of construction machinery industry

The construction machinery industry is an important pillar industry of China's national economic construction and an important part of the equipment manufacturing industry.In recent years,China has issued a series of industrial policies,such as Several Policies on Promoting the Steady Growth of Industrial Economy,the Notice of the State Council on Printing and Distributing the Comprehensive Work Plan for Energy Conservation and Emission Reduction in the"Fourteenth Five-Year Plan",the Implementation Opinions on Supporting Private Enterprises to Accelerate the Reform,Development,Transformation and Upgrade,and the Guiding Opinions on Promoting the Healthy and orderly Development of the Sandstone Industry,which provide strong support for the development of the construction machinery industry.Specific policies are as follows:

3、Development status of construction machinery industry

1.Operating income of construction machinery

In recent years,the operating revenue of China's construction machinery industry has increased steadily.The operating revenue of China's construction machinery industry exceeded 500 billion yuan in 2017,nearly 600 billion yuan in 2018,700 billion yuan in 2020 and 800 billion yuan for the first time in 2021.It is estimated that the operating revenue of China's construction machinery industry will further reach 835.3 billion yuan in 2022.

2.Sales volume of main products of construction machinery

In recent years,China's construction machinery industry has continued to develop,and the sales of construction machinery products have continued to increase.In 2021,excavators will achieve a year-on-year growth of 4.63%,loaders will increase by 7.11%,bulldozers and graders will achieve a growth rate of 17%~60%respectively.

3.Export volume and amount of construction machinery

In 2021,the export volume of 12 major categories of construction machinery industry products will increase to varying degrees.Among them,the overseas sales of lifting platforms and crawler cranes doubled.The export volume of excavators,graders,bulldozers,forklifts,road rollers,truck-mounted cranes and truck cranes increased by more than 50%,effectively hedging the decline of the domestic demand market.

According to the data,the export volume of forklift trucks reached 315800,with a year-on-year increase of 73.8%.The export volume of excavators,lifting platforms and loaders exceeded 30000,with 68400,43700 and 34000 units respectively.

With the stable control of the epidemic situation and the accelerated recovery of overseas market demand,China's export market has recovered strongly,rapidly driving the sales of China's construction machinery in overseas markets.In addition,the"the Belt and Road"has built an important platform for China's construction machinery,allowing more and more construction machinery enterprises to go abroad and actively participate in global competition.Overall,in 2021,the export market of China's construction machinery was"strong"and the export volume reached a record high.

In 2021,the export value of China's construction machinery will exceed US$30 billion and reach US$34 billion,with a year-on-year increase of 62.3%.Among them,the export of high-end construction machinery such as large excavators,crawler cranes,electric forklifts,and large off-highway dump trucks grew rapidly.Among them,exports to countries along the"the Belt and Road"accounted for 42.4%of total exports,up 60.4%year on year.It is estimated that China's export of construction machinery will reach US$38.63 billion in 2022.

4.Competition pattern of construction machinery industry

The market concentration of China's construction machinery has shown an upward trend year by year.The CR3 and CR5 of China's construction machinery manufacturing industry have reached 33.17%and 37.26%respectively.On the whole,China's construction machinery industry is divided into four echelons.

The first tier is composed of four giants in the construction machinery industry(Sany Heavy Industries,Liugong,XCMG and Zoomlion Heavy Industries),with a revenue scale of more than 10 billion,products in various segments,leading technology,and many products reaching the international leading level;The second echelon is a potential force in China's construction machinery industry,with a revenue scale of between 4 billion and 10 billion,and a certain popularity.The products have a certain leading advantage in a certain segment.In the context of intelligent manufacturing,the intelligent construction machinery is the development opportunity for these enterprises.

The third tier is enterprises with a revenue scale of between 100 million and 10 billion.Such enterprises are small in scale,with low investment in product research and development,and enjoy certain popularity in a certain segment;The fourth tier is a large number of small and medium-sized enterprises,with high product homogeneity and low technology content.Relying on price advantages to seize the market of low-end products,enterprises compete fiercely.