As the world's largest producer and seller of construction machinery, China has enormous potential for development in terms of production strength and market size. After long-term market mergers and acquisitions, the competitive landscape of China's machinery industry is also continuously adjusting, with the market size constantly expanding and approaching stronger leading enterprises.
Industry insiders predict that the pure electric construction machinery market will reach an explosive point in 2025, with the penetration rate of major products possibly reaching 25%.
For the construction machinery electrification market, which generally defines 2020 as the first year in the industry, this high penetration rate is frightening.
From this, it can be seen that in the context of highly concentrated traditional market share, racing for electrification has become the preferred track for small and medium-sized enterprises to compete and overtake on the curve.
Qingdao Kotai Tung Industri Maskiner Co., Ltd.
+86-0532-86109285
