Growth of sales in the overseas concrete mixing plant market has driven overall sales, market share of China's construction machinery products has greatly increased in the past 10 years

The manufacturing technology of large-scale construction machinery is complex, the manufacturing difficulty is high, the production batch is small, the value is high, and the operational risk is high. Before the national "15th Five Year Plan" was introduced, many construction machinery enterprises dared not venture into it. Due to the need for large-scale infrastructure projects such as petrochemicals, metallurgy, and electricity, the national "Eleventh Five Year Plan" has established the development goal of focusing on the research and development of large-scale construction machinery and equipment urgently needed by the country.

With the support of a series of national industrial policies and fiscal policies, a group of key backbone enterprises are currently able to manufacture 26 common types of construction machinery in the international market, with quality comparable to foreign products. Among them, products such as large crawler cranes, all terrain cranes, large bulldozers, large commodity concrete boom pump trucks, pavers, etc. are sold all over the world.

Market share continues to increase

The market share of construction machinery products in China has greatly increased over the past 10 years. Lv Ying introduced that 10 years ago, many mechanical products were not available; There is a significant gap between existing engineering machinery products and international products; The industry is small in scale, with outdated production technology, and the influx of foreign brands has led to a national brand's market share of only about 5% in the construction machinery market.

Improving the after-sales service network enhances product competitiveness. In the context of intensified market competition and significant growth in production and sales, the future competitiveness of enterprises will be more reflected in the after-sales service of their products. The company adheres to the service philosophy of "everything for customers, creating customer value", and has made a service commitment of "service engineers on standby 24 hours a day, arriving at the scene within 2 hours of receiving customer needs, and handling all fault problems within 1 day". We have accessory warehouses located around the world, forming a four in one accessory supply guarantee system consisting of headquarters warehouses, regional center warehouses, provincial warehouses, and city level warehouses. We continuously improve our after-sales service and enhance our market competitiveness. Sales in overseas markets are growing rapidly, and the internationalization strategy is entering a harvest period. The company's internationalization strategy is steadily advancing, with overseas manufacturing bases mainly consisting of subsidiaries in India and Brazil.