Future excavator sales up to 300,000 units a year

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The industry is still in an adjustment period in the short-term, and is expected to gradually recover around the fourth quarter of next year. Due to factors such as macro-control and the high base of the industry, sales growth of major products is expected to remain negative year-on-year in the next six months. The industry is still in an adjustment period in the short-term. The overall trend of the industry is expected to be low and high next year. With the declining inflation and gradual increase in investment growth, industry sales are expected to increase to positive growth around the fourth quarter.

The construction machinery industry still has great room for growth in the next decade. It is still 10 to 20 years before the domestic urbanization rate reaches the level of about 65% of the developed countries, which determines that the construction machinery industry is still in the growth stage in the next decade. The growth rate of the industry will slow down in the future, but it is still far away from the ceiling. Caterpillar achieved sustained growth for many years through the expansion of globalization, and the expansion of domestic companies to overseas will also become the future development trend and new growth point.

The main participating companies expect the domestic excavator industry to reach a peak sales value within ten years. According to Japan's development experience, the main participating companies expect the annual peak sales volume of domestic excavators to reach 300,000 units, which will be around 2015-2020, and will enter a period of stable development after the peak period. In 2010, the sales volume of the domestic excavator industry was 168,700 units, and the industry is expected to remain in growth for the next 5-10 years.

Industry consolidation and upgrading are development trends, and domestic companies still need to improve their competitiveness. Su Bo, vice minister of the Ministry of Industry and Information Technology, pointed out at the meeting that the next step for China's construction machinery industry is to speed up the transformation and upgrading and comprehensively enhance the core competitiveness of the industry. Domestic companies still have a large gap between the degree of internationalization, overall technology, and key components supporting systems in comparison with developed countries and need to be further improved. The dominant enterprises with core competitiveness will eventually win.

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