Recently, a number of professional research institutions have successively released investment research reports on the machinery and equipment sector in the second half of 2026. They generally pointed out that the current overall valuation of the sector is within a reasonable range, the subdivisions show significant structural differentiation, and the growth logic of different tracks is quite different. Investors can select high-quality investment targets based on industry trends and cyclical laws.
Some institutions pointed out that investment opportunities in the mechanical equipment sector in the second half of 2026 can be laid out from three major dimensions: The first is to focus on the main line of AI-related technology growth, focusing on optical module testing instruments, AI
PCB equipment and consumables, AI power generation equipment, etc. directly benefit from the upstream tracks of the rapid expansion of the AI industry; the second is to lay out the future industries and emerging industry directions emphasized in the “15th Five-Year Plan”, including humanoid robots, controllable nuclear fusion and other cutting-edge tracks with long-term growth space; the third is to combine the cyclical characteristics of each sub-industry and screen out individual stocks with upward β, low valuations and high-quality fundamentals in the industry, focusing on sectors such as engineering machinery and industrial machine tools.
Other institutional analysts believe that, benefiting from multiple favorable factors such as the recovery of the macroeconomic cycle, the recovery of downstream market demand, and the iterative upgrading of industry technology, the development potential of multiple core subdivisions of machinery and equipment continues to be released: First, in the construction machinery track, many companies have recently increased their excavator production
Product selling prices, coupled with the concentrated release of demand for domestic equipment upgrades and replacements, the continued optimization of downstream application structures, and the continued support of stable growth policies, the overall profitability of the industry is expected to continue to recover, and the export of products overseas has gradually become the core growth engine of the sector. Short-term exchange rate fluctuations will not change the core logic of the industry’s long-term global development.
Second, in the robot track, as the new generation of humanoid robot products owned by leading international companies enters mass production in the second half of 2026, and small-volume trial production and supply have begun in the second quarter, the development of the global humanoid robot industry chain is accelerating. Investors can focus on the three main investment lines of production capacity implementation, domestic substitution, and technology iteration.
Third, in the industrial machine tool track, the current industry prosperity continues to improve, the order scale of leading companies is gradually expanding, and the industry as a whole is showing a comprehensive recovery trend. The rapid development of the AI industry chain has led to a tight supply of core components such as screws and guide rails. The demand for machine tools is expected to rise further in the future.
There are also institutions that have provided special research and judgment on the latest trend of the construction machinery track. Recently, leading domestic main engine manufacturers have successively raised the prices of their construction machinery products, mainly to cope with the cost pressure brought by rising raw material prices. At present, the price of construction machinery products has entered a stage of moderate rise. The profit pressure of main engine manufacturers will be effectively alleviated, and profitability is expected to be gradually restored.
In terms of overseas markets, the latest announced export sales of excavators in May increased by 34.2% year-on-year. The penetration rate of domestic equipment in overseas markets continues to increase. Domestic engineering machinery products have strong international competitiveness in multiple dimensions such as technological maturity and product cost-effectiveness. Global expansion is still the core theme of the future development of the engineering machinery industry. It is recommended to focus on leading targets with leading progress in overseas market expansion.
Overall, the current machinery and equipment sector is in a development stage that combines the triple benefits of technological empowerment, cyclical recovery, and global expansion. Although the differentiation of different segments is obvious, it also brings a wealth of structural investment opportunities to investors. Investors can combine their own risk preferences and select high-quality targets along the three major layout directions. At the same time, they also need to pay attention to potential risks such as macroeconomic fluctuations, overseas market expansion that is slower than expected, and technological iterations that are slower than expected.
