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Internationalization of machinery is the only way

AUTHOR: Baidu Wenku SOURCE: Baidu Wenku
  Chinese construction machinery accounts for 15% of the global market, which benefits from the improvement of quality and relatively superior performance and price, the future market space is very large, need to pay attention to the balanced development of both overseas and local markets, this is a strong measure to resist economic risks. The global construction machinery market is about US $180 billion, and China has a market share of about 15%. For Chinese construction machinery enterprises, the future market space is very large, Caterpillar's experience tells us. The balanced development of overseas and domestic markets helps them to resist the impact of single market economic fluctuations on product sales, 1929-1932 in the United States. In the two recessions of 1974-1975, it was the overseas market business that helped them withstand the risks. The construction machinery produced by Chinese enterprises had obvious price advantages over foreign products. The price of Chinese products is only about 60% of that of foreign countries. After the export channels of domestic enterprises are opened, Chinese products show strong international competitiveness. However, Chinese construction machinery shows a structural imbalance. Many kinds of products, such as excavators and small construction machinery, have a low share in the international market, and some products are major manufacturers in the world. The product structure of future construction machinery enterprise needs to be adjusted.

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