With the deepening of global infrastructure construction and the rapid development of emerging market economies, China's earth moving machinery
industry has ushered in a new round of export growth. In the context of the global infrastructure boom, emerging markets such as Southeast Asia,
Africa, South America and other places of infrastructure construction projects have been launched. Due to the rapid economic development and
relatively weak infrastructure in these regions, there is an urgent need to introduce advanced earth moving machinery and equipment to improve
construction efficiency and quality. China's earth moving machinery with cost-effective, mature technology and other advantages, quickly occupied
these markets.
Take Thailand as an example, as one of the important economies in Southeast Asia, its infrastructure construction has been in a rapid development
stage. In recent years, the Thai government has been vigorously promoting the construction of railways, highways, airports and other projects, which
provides a broad market space for the export of Chinese earthmoving machinery. According to the data, China's earthmoving machinery exports to
Thailand increased by more than 30% year-on-year in 2024, becoming one of the major suppliers in the Thai market.
In the African market, Chinese earth moving machinery also performs well. Take Kenya as an example, the country has been vigorously promoting
infrastructure construction in recent years, including roads, bridges, ports and many other projects. Chinese earth moving machinery has won the
favour of Kenyan customers with its excellent performance and reasonable price. According to statistics, China's earthmoving machinery exports to
Kenya in 2024 increased by nearly 25% year-on-year, with a steadily increasing market share.
In addition, with the in-depth implementation of the ‘Belt and Road’ initiative, the market share of Chinese earthmoving machinery in Central Asia,
Eastern Europe and other regions is also expanding. For example, in Kazakhstan, Poland and other countries, China's earth-moving machinery with its
technical advantages and brand influence, and gradually occupy a place in the local market.
The growing demand for Chinese earthmoving machinery in emerging markets not only brings new export opportunities for the industry in China, but
also promotes the transformation and upgrading of China's earthmoving machinery industry. In the future, with the sustained development of the
global economy and the continuous improvement of infrastructure in emerging markets, the prospect of Chinese earth moving machinery in emerging
markets will be even broader.