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It is expected that the demand side of aerial work platforms will continue to grow by more than 30% in 2021

Nov 16, 2020

In 2020, the domestic epidemic prevention and control will be at the forefront of the world, and the macro policy will remain stable. The orders and performance of domestic machinery industry companies have continued to improve since the second quarter; in particular, with the support of a stable supply chain, the global competitiveness of Chinese manufacturing has become prominent, and domestic substitution has accelerated.

From the perspective of industry financial data, the profitability of the machinery industry continued to improve substantially in the third quarter. In the third quarter of 2020, the machinery industry achieved revenue of 411.8 billion yuan, a year-on-year increase of 21.8%. The net profit of the machinery industry in the third quarter was 28.1 billion yuan, a year-on-year increase of 50.7%.

In 2021, engineering demand is expected to rise steadily. The upgrade of environmental emission standards will drive the steady release of replacement and replacement requirements. At the same time, structural changes such as artificial replacement will bring new increments. On the supply side, the global competitiveness of domestic construction machinery OEMs has improved significantly, the profitability and operating quality have improved significantly, and the medium and long-term overseas share expansion and growth momentum are sufficient.

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Rogers Zhang