2022 is a busy year for the global construction equipment industry. At the beginning of the year, depressing news such as rising commodity prices and global supply chain problems kept coming; Since June, several mainstream manufacturers have successively released announcements: Caterpillar moved its headquarters out of Illinois, and Sinosteel's Hangzhou plant was closed, China's production capacity was reduced by nearly 50%, Kesnew Netherlands Industrial Group withdrew from China's engineering machinery business, Komatsu acquired GHH to expand underground hard rock mining equipment... The second half of 2022 seems more exciting. In October, BMW Germany returned, and electric 名媛直播 became the brightest new star of the exhibition; In December, China completed the switchover of the four stage emission standards for non road construction machinery. When discussing the conversion of new and old power, some enterprises continuously improved the thermal efficiency of the diesel engine body, and some enterprises created a multi-purpose engine, contributing their own strength to the global net zero emission goal.
Inventory of Global Construction Machinery Events in 2022
In any case, the year 2022 has passed. Whether depressed or excited, the wheels of the times are still moving forward. Throughout the world, many large-scale projects have been started, and the roar of machinery resounded through the construction site. There is a saying that "gold is ten thousand liang when the machine rings". While looking forward to 2023, we might as well look back on the major events in the global construction machinery industry in 2022 (in descending order of time).
1. Phase IV emission standard switching of China's non road construction machinery
The "National IV" standard will be implemented on December 1, 2022
On December 1, 2022, the "National Fourth Plan" for non road mobile machinery was officially implemented. Prior to this, in order to ensure the smooth transition of the construction machinery industry from the "national third" to the "national fourth" emission stage, and to enable more practitioners to have a deep understanding of the "national fourth", First Engineering Machinery Network and Wang Jinxing, Deputy Secretary General of China Construction Machinery Industry Association, had in-depth exchanges and discussions on the "national fourth" equipment issues, from the enterprise level, user level, environmental supervision and market ownership, etc., on the hot spots and focus issues that everyone cared about.
2. Foreign brands fade out of China's construction machinery market
Following John Deere's withdrawal from the Chinese market, Kesnew Netherlands Industrial Group announced that it would stop the sales of construction machinery and equipment in the Chinese market from December 31, 2022. In 2021, the sales volume of construction machinery in the Chinese market of Kesnew Netherlands Industrial Group will be about 88 million dollars, and it is expected that no significant expenses will be incurred due to the cessation of sales of construction machinery and equipment.
3. Enter the World Cup and count the Chinese construction machinery teams
During the World Cup, the Lusser Stadium, the main venue of the Qatar World Cup, was designed and built by Chinese enterprises. At a regular press conference on November 22, Zhao Lijian, spokesman of the Ministry of Foreign Affairs of China, said, "Looking at the world, China's foreign investment and project contracting are spread across more than 190 countries and regions, which strongly promote local economic and social development and are widely welcomed by the people of all countries. I believe that 'Made in China' and 'Built in China' will bring more tangible benefits to the people of all countries."
Once every four years, with the largest scale in the world, the highest design standard, the most environmentally friendly, low-carbon and green, it has invested more than 200 billion dollars to build a new city in the desert... Although the Chinese team did not participate in the 2022 Qatar World Cup this year, the construction of the Qatar World Cup venue, which can be said to be "trench" inhumane and extremely complex in engineering construction, is full of Chinese engineering machinery teams.
4. The strong return of BMW Germany 2022
The BMW exhibition in Germany, which was postponed due to the global COVID-19 epidemic, returned in Munich, Germany, in October 2022. Although the number of visitors decreased compared with previous years, the organizer Munich Exhibition Group said that nearly 500000 visitors attended the theme conference and displayed a series of construction machinery and equipment during the week-long event. In previous exhibitions, diesel power equipment was almost the deserved protagonist, but in Bauma 2022, electric equipment (including new energy 名媛直播) occupied the central stage, and manufacturers from all over the world were keen to show their latest achievements in electrification and "carbon emission reduction".
5. Chinese enterprises have refreshed the highest level of intelligent manufacturing and digitalization in the global manufacturing industry
On October 11, the World Economic Forum released a new list of lighthouse factories in the global manufacturing industry. Sany Heavy Industry Changsha No. 18 Factory was successfully selected. It is the second lighthouse factory certified in the global heavy industry after Sany Heavy Industry Beijing Pile Driver Factory. The "Lighthouse Factory" project was jointly selected by the Davos World Economic Forum and the management consulting company McKinsey. It is known as the "most advanced factory in the world", an exemplary "digital manufacturing" and "globalization 4.0" demonstrator, representing the highest level of intelligent manufacturing and digitalization in the global manufacturing industry today.
6. Layout adjustment of global mainstream manufacturers
Komatsu purchased German GHH to further expand the scope of underground hard rock mining equipment
Komatsu announced in December that it had signed an agreement to acquire GHH Group GmbH (GHH), headquartered in Gelsenkirchen, Germany. The acquisition is expected to be formally completed in the first half of 2023. Founded in the 1960s, GHH is currently affiliated to Schmidt Kranz Group of Germany, focusing on providing underground hard rock scrapers (LHD) and articulated dump trucks for large-scale coal mining, narrow veins and low market segments, as well as spare parts and after-sales services throughout the life cycle of equipment.
In June, the production of hydraulic excavators of KOSCO Construction Machinery Co., Ltd. in the Chinese market will merge the two factories of "Hangzhou KOSCO Construction Machinery Co., Ltd." and "KOSCO Construction Machinery (China) Co., Ltd.". After integration, KOSCO Construction Machinery (China) Co., Ltd. will be uniformly responsible for production, manufacturing, sales and operation. After adjustment, the production (assembly) capacity of KOSCO Construction Machinery in the Chinese market will decrease from 10500 units/year to 5500 units/year. In addition, the supply of parts and the assembly capacity of complete machines of Hangzhou KOSCO Construction Machinery Co., Ltd. will also be transferred to KOSCO Construction Machinery (China) Co., Ltd., and most of the other businesses will be transferred to Indian factories. This adjustment and transfer is being carried out in stages and is expected to be completed around January 2023.
On June 14, 2022 local time, Caterpillar announced that it would move its global headquarters from its existing office in Deerfield, Illinois, to its office in Irvine, Texas. A month earlier, Caterpillar held its first investor day since 2019 in Dallas, Texas, and launched a new repurchase plan. As the headquarters of Caterpillar, Illinois has a history of nearly 100 years. The company has more than 17000 employees in the state, including about 12000 employees in Peoria.
After John Deere and Hitachi ended their 30-year excavator partnership in 2021, Deere reached a cooperation agreement with Wake Nordson in 2022 to manufacture and develop compact excavators for the North American market. Under the new agreement, Wicknorson will produce excavators of less than 5 tons at its plants in Wisconsin and Austria. Deere will produce 5 to 9 tons of excavators. Excavators will be distributed under John Deere brand through Deere's global dealer network.
7. Under the dual carbon strategy, enterprises strive to meet the goal of net zero emissions
There are many new and old power conversion schemes, among which improving the thermal efficiency of diesel engine is one of them. In the afternoon of November 20, 2022, Weichai released the world's first commercial diesel engine with body thermal efficiency of 52.28% and natural gas engine of 54.16%. This not only symbolizes that Weichai's scientific and technological workers have made a new major breakthrough in the science and technology no man's land, but also marks another important milestone for Weichai to move towards world-class science and technology.
In 2022, Cummins announced its latest Fuel Diagnostic platform, which can be compatible with hydrogen, natural gas, methane and other biofuels. Cummins regards these latest fuel agnostic low carbon internal combustion engines as the transition technology of battery power equipment and fuel cell power.
8. China's mainstream manufacturers start a new journey
Lingong, founded in 1972, started from construction machinery, has been consistently and down-to-earth focusing on the manufacturing and research and development of construction machinery and equipment for 50 years, making gradual transformation and innovation, achieving the first place in the loader industry, the third place in the excavator industry, and the leading performance in the industrial intelligent equipment industry. It has developed into an internationally famous large construction machinery group, the first batch of single winners in the manufacturing industry of the Ministry of Industry and Information Technology Shandong Intelligent Manufacturing Benchmark Factory and Shandong Construction Machinery Industry Chain "Chain Owner" have made great contributions to the high-quality development of China's construction machinery. In 2021, Lingong Group will achieve a sales revenue of 40.7 billion yuan, a brand value of 57.186 billion yuan, and take a powerful new step in high-quality development.
Zoomlion's Thirty Years of Determined Progress and Spiritual Internal Force
Over the past three decades, Zoomlion has adhered to the concept of innovation, deepened institutional innovation, and moved from scientific and technological innovation to technology leadership. With the continuous advancement of the scientific and technological revolution, Zoomlion's equipment manufacturing industry has been upgraded iteratively. Zoomlion is one of the first enterprises in China's equipment manufacturing industry to "go global". Over the past three decades, Zoomlion has worked hard to achieve low-carbon, low emission, high efficiency, and energy conservation, which explains Zoomlion's responsibility for green development.
Started in the dust, Liugong excavator has gone through 30 years of turbulence
Liugong excavator has gone through 30 years of turbulence, which is also the 30 years of history creation of Chinese excavator national brand from weak to strong. It is believed that in the next 30 years, Liugong excavator will continue to take off as a leader and look forward to this legendary national enterprise playing the magnificent music of China's construction machinery industry again.
9. Global commodity price rise and supply chain tension
With the continuous recurrence of the COVID-19 epidemic and the impact of other adverse factors, plus some raw material prices hitting new highs, the commodity prices that were originally expected to be reduced later in 2022 may continue to rise. According to the survey results of the American Equipment Manufacturers Association, almost all respondents (98%) said they still faced supply chain problems, and more than half of respondents (58%) said they had experienced a deteriorating supply chain situation. The two driving factors of the current supply chain disruption are the shortage of labor force and the difficulty in obtaining the intermediate parts needed for production.
10. Continued boom: China's construction machinery export ushered in a "golden age"
Since 2022, the export situation of China's construction machinery industry has maintained a rapid development momentum and accelerated its overseas layout. It is becoming the common choice of many enterprises: XCMG has more than 100 XCMG XE270E pure electric excavators and 100 new energy mining cars to fight in South America, more than 300 excavators are popular in North America, and large tonnage mining dump trucks break through the high-end market in Europe; Sany Heavy Industry delivered more than 300 sets of equipment to Indonesia and realized the first overseas delivery of 6-ton loaders; Zoomlion has more than 100 sets of earth moving machinery and equipment to the "the Belt and Road", and engineering cranes shine in Türkiye KOMATEK 2022; Liugong's 65 sets of heavy equipment from big countries were exported to Europe, earthwork and pavement equipment to Latin America. From the statistics of the Association, the total exports of complete machines from January to October totaled 23.973 billion dollars, up 37.3% year on year, accounting for 65.6% of the total exports; The export of spare parts reached US $12.548 billion, a year-on-year increase of 28.7%, accounting for 34.4% of the total export. From January to October, the main machines that increased in export volume were crawler excavators, forklifts, loaders, off highway dump trucks, etc. Since the COVID-19, China's construction machinery exports are entering a "golden age", helping to stabilize the global supply chain and promote market prosperity.
