Many excavator manufacturers have seen their export numbers surpass domestic sales. The reasons behind this trend have been analyzed, and if you don’t remember, you can refer to the previous article “Why are mini excavators made in China becoming increasingly popular?”
China’s complete industrial chain and the hardworking nature of its people have played significant roles in this success. With a 5,000-year-old culture fostering diligent Chinese people who aspire to a prosperous life, they seize opportunities and strive for success. After three to four decades of reform and opening up, China’s industrial foundation has become solid.
Five years ago, China was a major exporter of clothing and footwear, but these industries are gradually shifting to Southeast Asia. Some low-cost, low-tech manufacturing is relocating abroad. While some may argue that China’s position as the world’s factory is becoming less stable, this transitional period has actually presented opportunities. The surge in Chinese mini excavator exports amid the shift from clothing and footwear industries is a prime example.
The key reason for this success lies in China’s growing strength and the elevation of its exported products. In industries like automobiles, where foreign brands once dominated, Chinese companies are gradually surpassing them. Companies like Sany, XCMG, and Zoomlion, representing large enterprises, are leading the export of heavy construction machinery. These enterprises, whether state-owned or privately held, with significant capabilities, have established extensive distribution networks overseas.
The next step is likely to involve medium-sized excavators, as the competition in the mini excavator market has become intense. Many mini excavator manufacturers are now eyeing medium to large excavators due to better pricing and profitability. While it may take some time for companies producing mini excavators to delve into research for medium to large excavators, mature medium-sized and large excavator manufacturers might seize this market opportunity early. For instance, Xemach, with over 15 years of experience in large excavator production, was once an OEM factory for renowned foreign brands.
Therefore, let’s wait and see what unfolds next!
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