Demand for construction machinery surges, listed companies seize opportunities to expand their ambitions
In the tide of the times, the construction machinery industry has always played a vital role. It is like the steel backbone of national infrastructure construction, providing solid support for economic development and social progress. In 2024, as the domestic infrastructure industry continues to pick up, the demand for construction machinery continues to increase. Listed companies in the relevant sectors will seize the opportunity, practice hard, and meet new challenges and glory with a high-spirited attitude.
1. The vitality behind data
The statistics recently released by the China Construction Machinery Industry Association are like a beacon, illuminating the way forward for the construction machinery industry. In September, major domestic excavator manufacturers sold 15,831 units of various excavators, a year-on-year increase of 10.8%. Among them, domestic sales were 7,610 units, a year-on-year increase of 21.5%. Behind this set of figures, there is huge market vitality and potential. As an important representative in the field of construction machinery, the growth of excavator sales is undoubtedly a strong signal for the recovery of the industry. The average monthly working hours of the main domestic construction machinery products was 90 hours, a month-on-month increase of 3.99%; the monthly operating rate was 64.2%, a month-on-month increase of 3.74%. The increase in working hours and operating rate means that the frequency of use of construction machinery in various construction projects continues to increase, and market demand continues to be strong.
2. Development opportunities in subdivided areas
Staff from a number of listed companies said in interviews with reporters that since September, the domestic infrastructure industry has shown a clear recovery trend, especially in the subdivisions such as bridges and roads, wind power generation, old city renovation, underground pipe networks, etc., and the demand for construction machinery has increased significantly. Demand has increased significantly.
In terms of bridge and road construction, construction machinery is an indispensable force. Large cranes, excavators and other equipment can efficiently complete the erection of bridges and paving roads. As my country's transportation infrastructure continues to improve, the demand for high-quality, high-efficiency construction machinery is growing day by day. Whether it is a bridge across a river or a highway connecting a city, it is inseparable from the hard work of construction machinery. They are like steel giants, showing great power at the construction site, building a solid bridge for people's travel and economic circulation.
As an important part of the clean energy field, wind power also brings new opportunities to the construction machinery industry. With the continuous development of my country's wind power industry, high-power and large wind turbines are becoming the first choice. This requires construction machinery companies to provide wheeled cranes with higher lifting heights and larger lifting weights. XCMG Machinery delivers wheeled cranes with a lifting capacity of 4,000 tons to customers precisely to meet this market demand. This crane will be used for hoisting onshore wind turbines and is currently on its way to the Gansu wind farm to participate in the hoisting of wind turbines. Its appearance not only reflects XCMG Machinery's strength in product research and development, but also provides strong support for the development of my country's wind power industry. In the vast wind farms, wheeled cranes stand tall, slowly lifting huge wind turbine towers, as if they are writing a magnificent chapter in the development of clean energy.
Old city renovation and underground pipe network renovation projects have brought another broad market to the construction machinery industry. Sunward Intelligent's complete sets of electric small and micro engineering machinery play an important role in these projects. Urban gas, drainage, heating and other pipeline renovation work is often combined with old city renovation projects, and most of them are concentrated in areas with large populations, high resident density, and old buildings. This requires a large number of electric small construction machinery to enter the site for construction.
3. Practice hard to meet challenges
The chief analyst of machinery research at a leading domestic securities firm pointed out that overall, the construction machinery industry will face both challenges and opportunities in 2024. In this era of change, companies need to hone their internal skills and push their products to the next level so that they can be at the forefront when the industry picks up.
4. Looking forward to the future and creating brilliance
In the international market, Chinese construction machinery companies are emerging with a new attitude. With high-quality products, advanced technology and excellent services, Chinese construction machinery has gradually won the recognition and trust of international customers. More and more countries are beginning to introduce Chinese construction machinery and participate in their own infrastructure construction. This not only brings new market opportunities to Chinese construction machinery companies, but also enhances China's influence in the global construction machinery field.
However, the development of the construction machinery industry has not been smooth sailing. While facing opportunities, companies also face many challenges. The pressure of technological innovation, fierce market competition, fluctuations in raw material prices and other issues require companies to actively respond.
Looking to the future, the construction machinery industry is full of unlimited hope and potential. With the country's continued investment in infrastructure construction and the rapid development of emerging industries, the demand for construction machinery will continue to increase. Listed companies in relevant sectors will continue to seize opportunities, hone their internal skills, take innovation as the driving force, quality as their life, and service as their purpose, continue to forge ahead, and make greater contributions to the country's economic construction and social development. In this era full of opportunities and challenges, the construction machinery industry will continue to write a glorious chapter.
Guangdong public network security no. 44000000000000
