Recently, the media released the 2020 list of the top 20 global excavator manufacturers. Among the top 20 global excavator manufacturers, there are 6 companies in my country, such as Sany Heavy Industry, Xugong, Liugong, Zoomlion and so on. It is worth noting that Komatsu has surpassed its competitors such as XCMG and Caterpillar, and successfully won the world's first place, ranking first in the list. Therefore, it is not an exaggeration to call Komatsu "the world's largest excavator company".
The world's largest excavator company: surpassing XCMG Caterpillar, it successfully won the first place in the world.
Komatsu Manufacturing Co., Ltd. was established in 1921 and has been in development for nearly a hundred years. Some media call it and Caterpillar a duopoly in the field of global construction machinery and a benchmark in the global industrial manufacturing industry, which shows its leading position in the global mechanical engineering market.
Actually, Komatsu's development process can be divided into four stages: the local rise period, the overseas exploration period, the global integration period and the revitalization development period. During these different development periods, Komatsu excavators have experienced many links such as "imitating" Caterpillar products, seizing European and American markets by improving the quality of excavator tonnage products, and achieving "global layout" in developing and developed countries. These links have gradually established Komatsu's leading position in the global excavator market.
Why can Komatsu make outstanding achievements in the global excavator market? Perhaps the following factors play a key role.
first establishes a moat of development through core technology. Komatsu Manufacturing Co., Ltd. in its early days also imitated its peers, but if it has remained at the level of "imitation", it will not be able to achieve sustainable development for many years. Relying on its own casting technology and the unique machining advantages brought about by the development of industrial machinery business, Komatsu achieved full autonomy of engines in the late 1950s. For construction machinery, the engine can be called its "heart". Having strong independent technology in core components is the key for Komatsu to improve its market competitiveness.
is followed by an effective layout of globalization. Since the 1970s, Komatsu has established factories in North America, Brazil, Southeast Asia, my country and other regions. This kind of global factory layout can not only help Komatsu to effectively penetrate into the markets of developed countries in Europe and America, but also allow it to take a ride on the rapid economic development of emerging developing countries.
In recent years, with the vigorous development of my country's infrastructure industry, the domestic excavator industry has developed rapidly. It is reported that in 2019, there were 1,139 newly established companies in the excavator industry in my country, an increase of 4.63 times from 246 in 2015. From January to September this year, my country imported and exported 23,688 excavators, a year-on-year increase of 22.2%. In other words, the Chinese excavator market still shows great development potential.
Of course, the Chinese excavator market has also become a must for overseas excavator giants such as Komatsu and Caterpillar. However, with the rapid rise of domestic construction machinery giants such as Sany Heavy Industry and Xugong, overseas companies such as Komatsu will also face more intense market competition pressure. The times are developing and the industry is progressing. With the vigorous development of the domestic construction machinery industry, what will the global excavator market look like in the near future? let us wait and see!
