Abstract In today's globalized world, internationalization has become a key trend in commodity trade. As an engineering machine that drives the downstream industries of national economic construction, the sector has gradually introduced its products and technologies to the global market. This shift not only helps in repositioning the industry but also enables it to gain new momentum through strategic industrial adjustments.
Internationalization is no longer just a choice—it's a necessity. Despite the fact that the national gross output value of the construction machinery industry has surpassed 600 billion yuan, the sector still faces challenges such as overcapacity and intense competition. The future growth of this industry will depend heavily on technological innovation, and international expansion is becoming a vital driver for Chinese companies. In the face of a declining market, leading domestic firms are actively exploring global merger and acquisition opportunities, reshaping their industrial layouts, and aiming to revitalize the sector on a larger scale.
In the context of slowing economic growth and reduced demand, China’s construction machinery industry is now adopting a dual strategy focused on innovation and international development. This approach aims to open up new opportunities and build a stronger, more sustainable future for the industry. However, compared to well-established global players, Chinese construction machinery remains relatively young and has a long way to go to catch up.
Excellent technology is the last word.
For domestic enterprises, technological innovation is not just a gateway to the global market—it is also the key to bridging the gap between China’s industry and the world’s top performers. For mid-sized construction machinery companies, internationalization may offer new growth potential, but the challenges of overcapacity and limited independent R&D capabilities remain significant obstacles.
After more than two years of market downturn, the exact timing of recovery remains uncertain. What businesses can do now is to leverage the momentum of internationalization, drive internal transformation, and shift from pure production to a more service-oriented model. Additionally, promoting financing leasing models and expanding into areas like R&D, design, and information services can help companies provide broader social value and align with global trends. By doing so, they can better position themselves for long-term success in an increasingly competitive international landscape.Self-Locking Counter Nut DIN 7967
Galvanized palnut for solar pannel,galvanized self locking nut,Mechanical Zinc Plated Palnut
Ningbo Yinzhou Zhenhua Stamping Co., Ltd. , https://www.fastenersstamping.com