Excavator industry trends in 2023: China’s market share continues to expand and intelligent development accelerates

　　As 2023 approaches, the development trends of the excavator industry are also constantly evolving. As the world's largest excavator market, China's market share will continue to expand in the future. The development of intelligence, new emission standards and the need for green environmental protection will become key factors promoting the development of the industry.

　　First of all, judging from global trends, with the acceleration of new infrastructure and urbanization, the demand for excavators will continue to grow. Especially in emerging markets, such as India, Brazil and other countries, the demand for excavators will further increase.

2023 China Construction Machinery Technology Innovation Summit was held in Beijing

　　Secondly, from a technical perspective, intelligence will become the main trend in the future development of the excavator industry. With the continuous development of artificial intelligence, big data and other technologies, excavators will become more intelligent, operation will be more convenient, and efficiency will be further improved. In addition, as emission standards become increasingly stringent, energy-saving and environmentally friendly technologies will also become an important development direction for the excavator industry.

　　From a market competition perspective, the market share of Chinese excavator brands will continue to expand. Well-known domestic brands such as Sany Heavy Industry and Xugong Machinery will continue to launch more advanced, efficient and environmentally friendly excavator products to further enhance market competitiveness.

　　Finally, from a policy perspective, the government will continue to encourage and support the development of the excavator industry. Especially in the field of new infrastructure, the government will provide more policy support and capital investment to provide a broader space for the development of the excavator industry.

　　In short, the excavator industry will continue to maintain stable development in 2023, and intelligence, environmental protection, new infrastructure, etc. will become important trends in industry development. At the same time, domestic brands will play a more important role in the global market and inject new impetus into the development of the industry.