In the international trend of China's construction machinery industry, there are three major performances that should cause concern. Performance 1: The mining machinery industry will become the vanguard of the internationalization strategy of the construction machinery industry. The internationalization strategy layout of China's high-end equipment manufacturing industry has begun, and the construction machinery industry has taken the lead in the layout. The excavator will become the world's leading vanguard in this wave of internationalization, which will change the global competition pattern of China's mining machine industry. Of course, this depends on the pace of the internationalization strategy of China's excavator mainframe manufacturing enterprises. From a global perspective, the internationalization of domestic leading enterprises will continue to develop.
Performance 2: Product optimization, export expansion will become a new force in the future development of the industry. In the case of low-end product profit decline, product structure optimization will increase the proportion of high-end products exports and enhance export competitiveness. For high value-added products such as excavators, although they have relatively high export prices, most of the export markets are occupied by foreign brands. Therefore, expanding the proportion of domestic high-end products exports will effectively improve the export profitability of Chinese construction machinery. To enhance export competitiveness. Export expansion will also greatly expand the sales space of China's excavation machinery.
Performance 3: Localized production to supply the world is an ideal development model for China's mining machinery industry. Supplying the world will not only increase the proportion of export revenue, but the process of globalization will be pushed forward. According to the background and experience of the globalization of Japanese construction machinery, the appreciation of the yen, trade friction and rising costs are the direct trigger points, while the vast overseas market demand is the most fundamental driving force. History is so similar, these factors are also the direct or indirect driving force for China's mining machinery industry to develop globally.
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