LTMG Forklift

Products&Industry News
The new growth engine of construction machinery industry - international electrification
Release Date:2022-04-13 Views:476

    The sales data of the main products of construction machinery in 2021 have been released recently. The domestic sales of various excavators decreased by 6.32% year-on-year, and the export sales increased by 97% year-on-year; the domestic sales of various loaders decreased by 0.07% year-on-year, and the export sales increased by 38.2% year-on-year. The growth rate of export sales is much higher than that of domestic sales.
    Lv Ying, deputy secretary-general of China Construction Machinery Industry Association, said that relevant listed companies actively promote internationalization strategies and increase the layout of electrified products. Internationalization and electrification have injected new impetus into the growth of the construction machinery industry.
     Sales hit an all-time high
    In 2021, the sales of excavators and loaders in overseas markets will be bright. Although sales in the domestic market are slightly inferior, export sales have continued to climb, and the total sales of excavators in 2021 will reach a record high.
    According to statistics from the China Construction Machinery Industry Association, a total of 343,000 excavators of various types will be sold in 2021, a year-on-year increase of 4.63%; of which 274,000 units will be sold in the domestic market, a year-on-year decrease of 6.32%; and 68,000 units will be exported, a year-on-year increase of 97%. In 2021, a total of 140,500 loaders of various types will be sold, a year-on-year increase of 7.11%. The total sales volume in the domestic market was 106,500 units, a year-on-year decrease of 0.07%; the export sales volume was 34,000 units, a year-on-year increase of 38.2%. Lv Ying said frankly, "In 2021, the industry sales data will reach a new high, and exports have made great achievements. In addition to excavators and loaders, other mechanical products have also grown significantly."
    A relevant person in charge of a listed construction machinery company said, "According to the export sales in the fourth quarter of 2021, it is expected that there will be a relatively large increase in exports in 2022." Industry insiders said that excavators, loaders, cranes and other overall sales in 2022 There is a high probability of a double-digit increase in exports.
    Internationalization becomes a new driving force
    In recent years, the construction machinery industry has maintained strong growth overall. In addition to being driven by factors such as infrastructure construction, internationalization has also become the main growth driver. Relevant listed companies accelerated their internationalization strategy, and overseas business revenue increased significantly.
    Recently, several sets of concrete batching plants and batch concrete mixer trucks in my country were delivered to a major customer in Thailand; several loaders were exported to Thailand; and 16 excavators were exported to Laos.
    Oversized layout electrification
    Electrification has become another new engine for the development of the construction machinery industry. Lv Ying believes that "during the 14th Five-Year Plan period, the electric construction machinery industry will show a rapid development trend."
    The reporter noticed that the current electrification of construction machinery covers excavators, cranes, loaders, mixer trucks, dump trucks, aerial work platforms, road rollers, forklifts and other products. According to the research report of Zheshang Securities, it is expected that by 2025, the penetration rate of electrified products for four types of engineering vehicles, including concrete mixer trucks, muck trucks, excavators and loaders, will increase to 25%.
    According to the research report of CDB Securities, it is expected that infrastructure investment will increase by 6% in 2022, and the rebound in infrastructure investment growth will help drive domestic demand for construction machinery; with the continuous improvement of the market competitiveness of domestic brands and the improvement of overseas channel layout, the export market is expected to continue high growth.
Lv Ying said frankly that the export sales of major products in the construction machinery industry will double in 2021, thanks to the surge in overseas market demand and the low base in 2020; looking forward to 2022, with the disappearance of the low base, the export of major products will increase There may be a decline, but it will still maintain high growth.

This article comes from the Internet, if there is any infringement, please contact our company to delete