Recently, the construction machinery industry has ushered in a remarkable development trend, and the industry’s prosperity has gradually recovered.
As of 13:45 on April 21, the Shanghai Composite Index rose 0.10%, the Shenzhen Composite Index rose 0.34%, and the GEM Index rose 0.49%.
In terms of ETFs, Kechuang Machinery ETF Harvest (588850) performed outstandingly, with an increase of 1.01%.
Among its constituent stocks, JPT (688025.SH) rose by more than 10%, Wald (688028.SH) rose by more than 5%, Xinqi Micro Devices (688630.SH), Dongwei Technology (688700.SH), and Lingyunguang (688400.
SH), Jingzhida (688627.SH), Zhengfan Technology (688596.SH), Green Harmony (688017.SH), Huashu Hi-Tech (688433.SH), Xinrui Shares (688257.SH), etc. also rose one after another.
In terms of news, Kaiyuan Securities recently released an industry research report stating that the construction machinery industry is gradually starting a new upward cycle.
The global construction machinery market is expected to gradually stabilize and rebound.
Starting from the second quarter of 2025, overseas leaders such as Carter, Komatsu, and Volvo have gradually returned to positive growth in revenue growth in high-end European and American markets, and the growth rate continues to accelerate.
The continuous promotion of AI infrastructure and large-scale project construction has gradually accelerated equipment updating, and the industry’s prosperity has also gradually recovered.
At the same time, countries in Africa, South America, Southeast Asia, Central Asia and other countries still maintain a rapid growth trend.
On the domestic front, the channel construction of domestic brands of construction machinery has gradually improved, and product competitiveness continues to increase.
Overseas manufacturing bases are spread all over the world, and leading domestic companies have realized the transformation from “exporting products overseas” to “exporting production capacity overseas.”
In recent years, the overseas business of leading domestic companies has grown rapidly, and the proportion of overseas revenue has continued to increase, which has also led to an increase in overall profitability.
Dongguan Securities stated that during the April performance window period, the machinery and equipment and sub-sectors showed structural boom characteristics.
In terms of construction machinery, the inflection point of the industry cycle has been established. In March, the sales of excavators during the traditional peak season increased year-on-month. Domestic and overseas markets resonated, and exporting products overseas became the core growth engine.
The domestic downstream application structure continues to be optimized, coupled with policy support, the industry prosperity is steadily rising.
In terms of robots, the scale of humanoid robot half-marathon competition in 2026 has increased significantly year-on-year. The release of Tesla Optimus Gen3 may be approaching, and sector catalysis is expected to continue to release.
Focus on the main lines such as mass production certainty, localization rate of core components, and technology iterative upgrades.
In terms of oil service equipment, factors such as the acceleration of offshore oil and gas development, geographical layout, and high oil prices have strengthened the logic of capital expenditure growth. Short-term disturbances will not change the long-term logic. It is recommended to pay attention to the structural opportunities in the oil service equipment industry.
Pacific believes that humanoid robots are expected to become disruptive products after smartphones and electric vehicles, and are one of the important directions of the future industry.
Currently, humanoid robot products continue to iterate, and technology is also accelerating upgrades.
To achieve large-scale commercialization in the future, it is recommended to give priority to core component suppliers, such as dexterous hands, lead screws, sensors, etc.
The rebound in the construction machinery industry has brought new development opportunities to related companies and attracted the attention of many investors.
With the further development of the industry, we have reason to expect that the construction machinery industry will achieve even better results in the future.
