Looking closely at the rise of domestic excavators, the proportion of joint venture excavators in China has been increasing year by year

The proportion of domestic excavator construction machinery equipment in the domestic market has been increasing year by year. Nowadays, the market is no longer just relying on boasting about domestic manufacturing supporting domestic products to make consumers pay. Nowadays, in the comprehensive comparison of the market, equipment can be divided into three levels. Firstly, the manufacturing giants such as CAT and Sumitomo Kato, who are among the top equipment in China, are the main ones. Especially CAT, which involves a variety of engineering machinery categories, has a strong foothold in the market with excellent performance and high technical level, which has earned CAT a good reputation both domestically and internationally.

In the second stage, leading domestic top brand construction machinery manufacturing enterprises, such as Sany, Zoomlion Heavy Industry Science and Technology Co., Ltd., and Longfor Liugong, have been struggling in the domestic industry. In recent years, their development has been rapid, and the field of construction machinery involved has also been continuously expanding, especially in the special equipment industry where the shortcomings of previous years have been overcome, which has created the popularity of domestic brands this year.

There are still many manufacturing enterprises in the third stage in China, and perhaps many excavator brands are not well-known in the industry, but they are still making their own efforts to enhance brand market awareness based on technology. There is an absolute market advantage in terms of cost-effectiveness, but the disadvantages are still severe. Domestic industry competition incentives in the high-end market will inevitably fail to show short-term benefits. Although the low-end market has short-term profit effects, it is inevitable that it will bring reputation impact in cost compression and market considerations. Most customer groups will inevitably have an impact on the surrounding market if there are problems after using the equipment, and the compression of cost, although it is possible to control the core components, some basic accessories inevitably meet quality standards.

Domestically produced products in the domestic market are no longer struggling as before, but are taking big strides forward with confidence and enthusiasm. We cannot deny that we lack core technology and high-end precision machinery manufacturing capabilities. Relying on purchasing and research and development will inevitably require time and experience. In the near future, we will see the true meaning of Chinese manufacturing in the rapid rise of cutting-edge products.