SUN CMCN
With the recent promulgation of the "Action Plan for Promoting Large-Scale Equipment Updates and Trade-in of Consumer Goods" issued by the State Council, the construction machinery industry is facing unprecedented development opportunities. The plan clearly states that by 2027, the scale of equipment investment in multiple fields including industry, agriculture, construction, transportation, education, cultural tourism, and medical care will increase by more than 25% compared with 2023, indicating that the construction machinery industry is expected to take over. Live a huge piece of "cake".
According to Zheng Shanjie, director of the National Development and Reform Commission, every increase in China's urbanization rate can drive about one trillion yuan in new investment demand and more than 200 billion yuan in new consumer demand. The measures to promote equipment updates in seven major areas are expected to create a huge market with an annual scale of more than 5 trillion yuan. This undoubtedly brings huge market potential to the construction machinery industry.
In the construction machinery industry, Sany Heavy Industry, as one of the leading companies, has a deep understanding of the impact of this policy. A person from the company's securities department told reporters that promoting large-scale equipment updates will effectively promote the upgrading of construction machinery and equipment, accelerate the elimination of old equipment and the popularization of new equipment. Especially for those old models that are still using the National I and National II standards, the policy will prompt them to exit the market faster and make room for the National III and National IV standard equipment.
Industry experts generally believe that the implementation of this action plan will greatly promote innovation and development in the construction machinery industry. As old equipment is gradually phased out, new, efficient and environmentally friendly construction machinery will become the mainstream of the market. This will not only improve the overall technical level of the industry, but also promote the coordinated development of the upstream and downstream industry chains, further enhancing the international competitiveness of China's construction machinery industry.
In addition, the introduction of the policy will also drive the development of related industrial chains, including equipment manufacturing, maintenance, parts supply and other links, which will usher in new development opportunities. At the same time, this will also prompt the construction machinery industry to accelerate its transformation and upgrading and develop in an intelligent and green direction to adapt to changes in market demand.
For construction machinery companies, this is undoubtedly a rare development opportunity. But at the same time, companies also need to strengthen their own technology research and development and innovation capabilities, and improve product quality and service levels to better meet market demand. At the same time, it is also necessary to pay close attention to policy trends and market changes, and adjust strategic layout in a timely manner to ensure an invincible position in the fierce market competition.
To sum up, with the in-depth implementation of the Action Plan to Promote Large-Scale Equipment Updates and Trade-in of Consumer Goods, the construction machinery industry will usher in unprecedented development opportunities. Enterprises need to seize this opportunity, accelerate their own development, and push the industry to a higher level.
