The construction machinery industry has at least 10 years of golden period

After 10 years of rapid growth, the construction machinery industry began to transition from full competition to oligopolistic competition and the Matthew effect emerged. "The rapid growth of large and small enterprises will never return. In the future, the strong will be stronger and the weak will be weaker," said Liu Rong, principal analyst of China Merchants Securities Machinery Industry.

In response, President of Sany Heavy Industry Co., Ltd. holds a different view from Wenbo. When interviewed by the Securities Times, he said: “A lot of people are worried that the construction machinery industry cannot continue to maintain rapid growth. In my opinion, the construction machinery industry still has at least In the 10-year golden period, leading companies like Sany Heavy Industry will maintain an average annual growth rate of more than 30% in the future.".

According to relevant experts, the major development of the construction machinery industry in the past 10 years has mainly benefited from such factors as urbanization, high-speed railway construction, and western development. In the next 10 years, the development of the industry will remain inseparable with the development of the macro economy. At the same time, with the deepening of industry consolidation, the construction machinery industry will usher in a “new golden decade”.