The market share of Xinyuan Heavy Industries in the industry wheel excavator is as high as 47.7%, sales of 750 million RMB, ranking first.

2024-12-01

The market share of Xinyuan Heavy Industries in the industry wheel excavator is as high as 47.7%, sales of 750 million RMB, ranking first.

Excavator sales volume has been called the "Thermometer of economic activity". In the field of wheel excavator, Fujian Xinyuan Heavy Industries Co., Ltd (hereinafter referred to as "Xinyuan Heavy Industries"), located in the Hardware mechanical and electrical industrial park of Luogang district, Quanzhou city, is acting in a low-key manner, but their performance is impressive. According to the statistics of China construction machinery industry association, in 2022, the market share of Xinyuan Heavy Industries in the industry wheel excavator is as high as 47.7%, sales of 750 million RMB, ranking first. Their products are not only sold across the country, but also exported to Southeast Asia, the Middle East, Africa, North America and other regions. The company's sales volume is 710 million RMB from January to November, and it is expected that the annual sales in 2023 will be about 800 million RMB, an increase of about 7% over 2022.

Xinyuan Heavy Industries, founded in 1990, is a repair store in Quanzhou, struggling to become a leader in the wheel excavator industry, won the national level specialization, speciality and new "Small Giant" enterprise, leading enterprise in Fujian province and other honorary titles, for more than 30 years in the domestic wheel excavator market is far ahead. It has witnessed China's small wheel excavator market from scratch, and also experienced the process of wheel excavator market from using auto parts assembly to the development and production of excavator-specific components, and step by step to lead China's wheel excavator from relying on imports to independent R & D. Today, Xinyuan Heavy Industries is striving to become a leading enterprise in the domestic wheel excavator market.

Today, Xinyuan Heavy Industries is trying to build a 5G intelligent construction machinery industrial park, radiating the local formation of an excavator parts supporting industry chain. How can Xinyuan Heavy Industries occupy half of the wheel excavator market? What is the inspiration of its road to success? Recently, the Southeast Web reporter went to Xinyuan Heavy Industries to investigate.