Recently, Bloomberg News published an article saying that American machinery manufacturers should pay attention and that Chinese machinery and equipment are "eating" Caterpillar's market share.
First, let's talk about Caterpillar. Friends who know a little about construction machinery know how powerful this enterprise is. It has a history of 100 years, starting with steam tractors, rising in the Second World War (the bulldozer of the old truck landed first in Normandy), and today, the unmanned too laggy has always been the benchmark of global mechanical equipment,.
We have to admit that this enterprise is really strong. It has focused on the industry for 100 years and has never changed. At the peak, the machines you saw digging tunnels, coal and so on are all over the world, and their market shares are almost eaten by them.
Later, the United States launched the "Marshall Plan" and supported Japan, which led to the rise of Germany and Japan, and Caterpillar's share began to decrease, but the boss has not changed.
Today, Caterpillar's market share is less than 15%, mainly due to the rise of China. Sany, XCMG and Zoomlion have entered the global top 10.
The top 10 are:
▲ Caterpillar (13.9%) [United States];
▲ Komatsu (11%) [Japan];
▲ XCMG (7.9%) [China];
▲ Sany Heavy Industry (7%) [China];
▲ John Deere (4.9%) [USA];
▲ Volvo construction equipment (4.7%) [Sweden];
▲ Zoomlion Heavy Industries (4.5%) [China];
▲ Liebherr (4.1%) [Switzerland];
▲ Hitachi Construction Machinery (3.9%) [Japan];
▲ Sandvik (3.2%) [Sweden].
Data from the group: From January to October this year, the sales volume of 26 domestic excavators was 220797, including 89457 for export, a year-on-year jump of 67.3%, about 36000 sets.
According to Bloomberg, Chinese companies such as Sany Heavy Industry have introduced machines to Europe, Latin America, the United States and Southeast Asia.
The US media cited the financial reports of Chinese enterprises and achieved double-digit growth overseas. International revenue accounted for more than a quarter of the total revenue. Taking Sany as an example, overseas revenue accounted for 24.4% from January to September.
It is said that the recently heated World Cup, including the opening ceremony of the Russell Stadium, is a masterpiece of Zoomlion.
Bloomberg believes that the biggest problem of the proportion of cartels is the shortage of spare parts and workers, which is a fact. CEO of Laoka admitted in an interview.
As for the main parts are chips, is the shortage of workers the result of the printing of money in the United States? Blue collar workers prefer to pay for work rather than work.
Although it seems to the United States that China's competition poses a threat, it also reflects that Made in China has indeed gone overseas, and the medium and high-end output is becoming stronger and stronger.
However, we should not be too arrogant. Many core things still rely on imports, such as Cummins engines and Allison transmissions.
Although these companies have joint ventures in China, the technology is not ours. Therefore, in the future, if we want to truly stand firm in the world, we must pay attention to the research and development of relevant aspects.
Fortunately, we have already done this, and said that Sany, the proportion of R&D in total revenue in 2020 is twice that of Caterpillar. I believe that it will not be long before Made in China becomes China's creation and leads the mechanical wave.
