China's Major National Equipment, Construction Machinery, Is Making A Global Push

‌1. The Middle East construction machinery market is experiencing a "new energy revolution "‌

The market size of construction machinery in the Middle East is expected to exceed 16 billion US dollars by 2025, with the penetration rate of electric equipment reaching 15%, an increase of 12 percentage points compared to 2020. Saudi Arabia's "Vision 2030" has driven a $500 billion infrastructure investment. In the Jizan Economic City project, XCMG's electric excavators have reduced the single-shift operation cost by 63% compared to fuel-powered models, and their battery life has exceeded 8 hours. The proportion of new energy equipment in the Dubai Expo Park project has reached 25%, and the localization rate of core components of Zoomlion's locally assembled electric mixer trucks has increased to 65%. It is worth noting that the average import price of equipment from the Gulf countries remains at a high level of 65,000 to 72,000 US dollars per unit, and the market share of Chinese brands in the medium and large excavators category has surpassed that of European and American enterprises.

2. China's refurbished equipment has rewritten the cost logic in Africa.

The share of refurbished equipment in the West African market has increased by 129% in three years, and the penetration rate is expected to reach 39% by 2025. Zoomlion has restored the service life of engine blocks to 89% of the new machine standard through laser cladding technology. After the Leki Port project in Nigeria adopted this technology, the comprehensive utilization rate of equipment reached 92%, and the earthwork cost decreased by 27%.The modular quick-release system reduces the filter replacement time from 45 minutes to 12 minutes, meeting the high-frequency maintenance requirements during the tropical rainy season. In the supporting financial plan, Changsha Bank's "equipment mortgage + credit insurance" model has cumulatively granted credit of 54.2 billion yuan, lowering the procurement threshold for small and medium-sized enterprises.

3. The Breakthrough of "Made in China" under the new EU tariff Policy

Facing the EU's imposition of a 66.7% tariff on mobile lifting equipment, Liugong has entered the Serbian metro project through CE certification and TUV SUD inspection. The fatigue life test of its steel structure exceeded the EU standard by 21%. Sany Heavy Industry's net profit in 2024 increased by 32% against the trend. It has added a subsidiary in Canada to its global layout, and its 4,000-ton crawler crane is about to participate in the construction of a super high-rise building in the Future City of Saudi Arabia. It is worth noting that the market share of Chinese brands in markets such as Indonesia and Africa has been continuously increasing. In the first quarter of 2015, Sany's overseas revenue accounted for 64%.

4. Mining machinery has become a new growth pole

The global market size of open-pit mining equipment has reached 24 billion US dollars. The Sany Heavy Industry SY950H intelligent excavator has entered the supply chain of Rio Tinto Group. The unmanned driving system it is equipped with has increased the operational efficiency of the mining area by 28%. During the test in Chile, the XCMG XDE440 electric mining truck saw a 41% reduction in the transportation cost per ton, and its fast charging technology enabled it to be fully charged within one hour. In 2024, China's exports of mining machinery increased by 17.3% year-on-year, with the growth rate in the African market reaching 44%.

5. The electrification process of construction machinery is accelerating

By 2025, the global sales share of electric construction machinery is expected to exceed 5%. The Sany SY19E micro electric excavator adopts a battery swap mode, and the battery pack can be replaced within 3 minutes. Zoomlion has launched the industry's first hydrogen fuel cell mixer truck, which can travel 450 kilometers in just 8 minutes of hydrogen refueling and has 91% lower carbon emissions compared to diesel models. In terms of supporting infrastructure, Saudi Arabia plans to complete the construction machinery charging and battery swapping stations by 2026, covering a 30-kilometer radius of major infrastructure projects.

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