In recent years, China's excavator exports have risen sharply, from 14,900 units in 2012 to 109,500 units in 2022, an increase of nearly ten times in ten years. There are many reasons for the successful export of Chinese excavators.
Among them, the technology has achieved localization of key components and innovation leadership. For example, XCMG's "Shenzhou No. 1 Excavator" has made China one of the countries that can manufacture hydraulic excavators above 700 tons. In terms of scale, China's annual output ranks first in the world, with a full range of models to meet diverse overseas needs. In terms of quality, it is cost-effective, and large-scale production has lowered costs, making it highly competitive in markets such as Africa and Latin America. In addition, companies such as Sany Heavy Industry and Zoomlion have a complete global layout and considerate services.
However, China's excavator industry is greatly affected by real estate and infrastructure, and the domestic market is gradually saturated, with domestic market share exceeding 60%. However, the overseas market is three times the size of China, and infrastructure investment and mineral development in Europe, the United States and Southeast Asia bring opportunities. However, Chinese excavators face competition from international giants overseas, and need to provide good products and services, and control core patents and standard setting.
Based on the current status of China's excavator industry, the future trend of second-hand excavators is worthy of attention. As Chinese excavator companies expand their overseas business and global infrastructure and mineral development advance, the overall demand will rise, and the demand for second-hand excavators in emerging markets and cost-sensitive regions may increase due to their cost-effectiveness. In order to compete, dealers will pay more attention to quality and technology, strengthen testing, maintenance and upgrading, and meet high-quality needs. Technological progress has prompted the introduction of intelligent technologies such as remote monitoring and intelligent diagnosis in second-hand excavators to improve management and maintenance efficiency. Market development will promote its standardization, improve policy standards, and ensure fair, transparent and safe transactions.
