At present, the core technologies of certain construction machinery products are primarily concentrated in overall design and technological integration.

Release date:

2024-01-18

As the crane industry continues to grow, an increasing number of companies are entering the sector. Gao Man points out that risks in the construction machinery industry include technological risk, supply-and-demand risk, and economic volatility, among others. At present, the core technologies of certain construction machinery products are primarily concentrated in overall design and technology integration. If companies fail to promptly research and develop new technologies, processes, and products to meet market demands, their offerings may face the risk of obsolescence. Given the intense competition within China’s construction machinery industry—particularly as international giants have made significant inroads into the domestic market—Chinese firms still lag considerably behind their foreign counterparts in areas such as product diversity, R&D capabilities, technical expertise, capital scale, and brand influence. Moreover, fluctuations in the global economy could introduce additional uncontrollable risks to the industry.

In 2011, influenced by national macroeconomic regulation, credit‑tightening policies led to slower progress on some ongoing construction projects and delayed the commencement of others originally scheduled to start. Meanwhile, consumers’ reduced purchasing power due to these policies resulted in lower demand for construction machinery. Despite the severe challenges currently facing the construction‑machinery market, China’s economic growth remains robust, ensuring that the industry will continue to experience rapid expansion over the coming period—particularly with promising prospects for the crawler crane sector. The National Development and Reform Commission’s “Guidance Catalogue for Industrial Structure Adjustment (2011 Edition)” explicitly classifies crawler cranes of 400 tons and above as emerging industries, designating them as “encouraged” products, thereby underscoring their favorable outlook. As the crane industry continues to grow, an increasing number of enterprises are entering this sector. Gao Man points out that risks in the construction‑machinery field include technological risks, supply‑and‑demand risks, and economic volatility. At present, the core technologies of certain construction‑machinery products are primarily concentrated in overall design and technical integration. If companies fail to promptly research and develop new technologies, processes, and products to meet market demands, their offerings may face obsolescence. Given the intense competition within China’s construction‑machinery industry—especially with major international players aggressively expanding into the domestic market—Chinese firms still lag significantly behind their foreign counterparts in terms of product diversity, R&D capabilities, technological sophistication, capital scale, and brand influence. Moreover, global economic fluctuations could introduce additional uncontrollable risks to the sector.

Cranes primarily comprise lifting mechanisms, traveling mechanisms, luffing mechanisms, slewing mechanisms, and metal structures.

Main Performance Parameters of the Crane

Cranes primarily comprise lifting mechanisms, traveling mechanisms, luffing mechanisms, slewing mechanisms, and metal structures.

Main Performance Parameters of the Crane