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Looking at the development trend of construction machinery from the domestic and international environment

  • Time of issue:2017-11-15 15:51:47
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Looking at the development trend of construction machinery from the domestic and international environment

  • Time of issue:2017-11-15 15:51
  • Views:

According to analysis by industry insiders, the construction machinery industry is undergoing the test of a "deep adjustment period" such as severe overcapacity, sluggish market demand, and sharp decline in profits. From a long-term perspective, construction machinery is mainly driven by two factors, population and economic growth, which are reflected in indicators. The long-term potential indicator of construction machinery looks at the urbanization rate. China’s urbanization rate has just exceeded 55%. From the experience of developed countries, a country’s urbanization rate will not end until 75% to 80% before the end of the large-scale construction process. China's current urbanization rate is increasing by about 1% per year. Based on this estimate, China's construction machinery is still facing growth in about 20 years. The domestic construction machinery industry is greatly affected by cycles, and it will take some time to destock.

  So, what impact does the domestic and international environment have on construction machinery?/p>

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