MAY 2022 CONSTRUCTION MACHINERY MARKET TRENDS AND INSIGHTS

2022-05-24

This month the WEITAI marketing team has conducted research on the construction machinery market trends for May 2022. The research results are based on Alibaba's data.


The engineering and construction machinery category has a buyer size index* of 2102 and a conversion rate* of 3.3%. The market size decreased by 20% compared to the same period of last year.


Mini crawler excavator is the best seller in this category. The market supply-demand ratio* is 215.1.


The geographic distribution of the top 5 customers is the following: USA (3889), Indonesia (2188), Vietnam (1621), Italy (1476), and Germany (1324).


Country

Buyer size index

USA

3889

Indonesia

2188

Vietnam

1621

Italy

1476

Germany

1324

The Philippines

1258

Brazil

1214

The Russian Federation

1184

Canada

1132

Thailand

1113


As for the construction machinery parts market, the hottest categories by search volume for the last 30 days have been the following: farm construction machinery parts, construction machinery parts for engines, steel construction machinery parts, rubber construction machinery parts, excavator parts, main pumps, valves for excavators, construction machinery parts for wheel loader and travel motors.


The fastest growing search volume is for gear pumps, iron hydraulic parts, rubber track rollers, brake discs for wheel loaders, rubber travel motors, rubber undercarriage parts, iron travel motors, excavator parts for construction machinery, and pressure sensors for excavators.


The categories where the demand exceeds the supply are farm construction machinery parts, rubber construction machinery parts, standard construction machinery parts, steel construction machinery parts, and undercarriage parts.


Category

Supply-demand ratio

farm construction machinery parts

2.8

rubber construction machinery parts

2.1

standard construction machinery parts

1.9

steel construction machinery parts

1.8

undercarriage parts

1.6

construction machinery parts for wheel loaders

1.3

seal kits

1.2

gear pumps

1.1

sprockets

1.1

construction machinery parts

1

track shoes

1

metal construction machinery parts

1


For aftermarket construction machinery parts the most searched compatible brands are Komatsu, Caterpillar, Hitachi, Volvo, Hyundai, Doosan, and Sany.


* Buyer size index refers to the number of business opportunity buyers in the industry’s corresponding cycle, indexed presentation, the larger the value, the larger the market size.

* Supply-demand ratio refers to the number of business opportunity buyers in the industry’s corresponding cycle divided by the number of sellers visited by buyers, the larger the value, the smaller the market competition.


Alisa Sergienko

WEITAI Marketing Department



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