Truck crane market

Truck crane belongs to the high technical barriers and capital and labor intensive industry, the production and manufacturing of many varieties, small batches, parts, complex manufacturing process and other characteristics, the industry entry threshold is high, the industry boom and macroeconomic and fixed asset investment is closely related, the current industry has entered a relatively mature stage of development. With the continuous development of overseas markets, the continuous incubation of high-growth emerging industries, the tightening of environmental protection policies, the deepening of the trend of mechanical replacement and the deepening of the construction of "two new and one heavy" and "One Belt and One Road", the cyclical fluctuations of China's automobile crane industry have been smooth, and the sales market has become stable. However, in recent years, due to the reduction of investment in infrastructure construction, real estate investment and other fields, the construction project has decreased, and the downstream demand pulling ability has weakened. Superimposed environmental requirements are increasingly stringent, mechanical emission standards are constantly switched, resulting in part of the demand of end users in advance, resulting in a continuous decline in sales in the truck crane market. According to the annual sales data of crane products in 2023 released by the China Construction Machinery Industry Association, the cumulative sales of China's truck cranes in 2023 are 24,077 units, down 7.2% compared with 2022. From January to April 2024, the sales volume of China's truck crane market was 3199, of which, in March and April, benefiting from engineering construction, logistics and transportation projects began one after another, the demand for truck cranes was released, and product sales rose.