Development of wheeled excavators in China

With the advancement of the "new urbanization" strategy, the demand for the construction machinery market is quietly changing. Wheeled excavators are suitable for farmland, community construction, urban pipe laying, and material handling operations. Wheeled excavators have increasingly attracted the attention of the industry and have become one of the products of strategic development for many leading companies in construction machinery.

The wheel excavator is a construction-type excavator with walking tires. It has a fast walking speed, can transfer itself from a distance, and can quickly replace a variety of operating devices. It has the advantages of mobility, flexibility and high efficiency, and wins the customers' favorite. Although wheeled excavators do not occupy the mainstream in China, the level of technology does not lag behind.

How is the current development status of wheeled excavators in China?

In the foreign construction machinery market, excavators are the most widely used and account for the largest segmentation. After several rounds of integration, the degree of concentration has increased, dominated by four major European, American, Japanese and Korean sectors. Europe is the largest market for wheeled excavators and its market capacity is six times that of the Chinese market. South Korea's wheeled excavators account for 30-35% of the excavator market. Its average market share in other developed countries exceeds 10%, and Japan's wheel excavation accounts for about 5%.

In the Chinese market, crawler excavators are developing rapidly. According to industry association data, 113,063 excavators were sold in the sluggish 2013 excavators, and sales of wheel excavators accounted for only 0.8-1.3% of excavator sales in 2013. China's wheeled excavator market sold 1,288 units. What is the future market demand for wheel excavators?

The most fundamental reason why customers do not choose a wheel excavator is price. The wheel excavation technology is more complicated, the manufacturing cost is higher and the selling price is higher. Moreover, the total amount is limited, and the annual average is less than 1,000 units. Wheeled excavator companies need to constantly improve the product's work efficiency, enhance stability, improve safety, gradually reduce prices, and increase publicity investment in marketing to enable more customers to recognize.