Apr 15,2024
Six risks in China's excavator industry
Starting from the beginning of 2009, under the stimulation of the national 4 trillion yuan investment plan, the construction machinery industry has experienced a period of rapid expansion for three consecutive years. However, from the second half of 2011, the central government to strengthen the macro-control of the economy, relying on investment-driven economic growth gradually to promote domestic demand, while in order to curb inflation, real estate, road and bridge construction and other infrastructure projects slowed down or delayed, the demand for products has fallen sharply. According to the China Construction Machinery Industry Association Excavating Machinery Branch statistics, excavator sales since May 2011 for 15 consecutive months of negative growth, although the decline narrowed, but the market situation is still very uncertain. Hidden under the halo of high-speed development of a variety of problems are gradually exposed, the industry is in a difficult situation, the manufacturer's operating conditions are not optimistic. In the recently held China Construction Machinery Industry Association Excavating Machinery Branch annual meeting, the association's secretary general Li Hongbao in the analysis of China's excavator industry, clearly put forward the excavator industry, there are six major risks.
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