What's the buzz in Xuzhou city? 🐝 Over 1,200 representatives from 63 countries and regions landed in this dynamic city in the Chinese mainland, all eager to check out the latest beasts in construction machinery. And when we say beasts, we mean massive, custom-made, modern machines that are redefining the industry! 🏗️🚜
One showstopper was the 3,000-tonne crane snapped up by Brazil's WTC Equipment. Priced at nearly $9 million, this giant is not just impressive in size but also packed with cutting-edge tech. 💰🦾 \"It's not just me; across South America and the global market, people are realizing Chinese machinery keeps getting better over time,\" said Washington Moura, WTC's Chief Commercial Officer. \"High quality and reasonable pricing—that's why the world chooses Chinese products.\" 🌎❤️
Expect to see this colossal crane helping build wind farms, with returns expected in just ten years—a sweet deal for such a hefty investment! 🌬️⚡
But wait, there's more! Xuzhou isn't just about big machines; it's about big innovation. Yang Yufeng, president of the Mining Machinery Research Institute at XCMG (Xuzhou Construction Machinery Group), shared insights on why machines are getting supersized. \"Mines are becoming larger as companies consolidate smaller ones. Bigger machines cut labor costs and boost safety. Especially in countries like Australia and Brazil, the demand for larger machines grows every year,\" he explained. ⛏️🌟
The construction machinery market hit a pause during the COVID-19 pandemic but started revving up after 2021. By 2030, it's expected to soar over $180 billion! And guess who's leading the pack? China, with a whopping 46% market share. 🤑📈
Global players are taking note. \"The market has changed. Caterpillar used to be top of mind, but now people are thinking of other brands,\" said Lenardo Riccioppo, Commercial Director at Zocar. Meanwhile, Stuard Brooks, Managing Director for Brooks Group, added, \"Trading with China makes so much sense. 'Made in China' is like a badge of quality these days.\" 🥇🚀
Beyond size, China is also a front-runner in electric-powered machinery, grabbing everyone's attention. About 20% of XCMG's mining machinery is now new energy—mainly electric—and they aim to offer half their lineup in green tech. 🌱🔋
\"In the first quarter of 2024, our exports of new energy machines grew 286%—a massive leap!\" said Liu Jiansen, Vice President of XCMG Machinery. \"These products are greener, have low carbon footprints, and truly save energy. Customer demand is crystal clear.\" 💡🌍
Future tech like autonomous driving and remote-operated vehicles were also on display, hinting at what's next in construction innovation. 🤖🚗
Some might think China's mega machines are just about exporting overcapacity, but the scene in Xuzhou tells a different story. The global market is all about these cutting-edge machines to boost efficiency. And when it comes to sustainable and green development, China is charging ahead, electrifying construction machinery—a future we can all get behind! 🔌💚
Reference(s):
Mega World: Chinese construction machinery attracts global buyers
cgtn.com
