Dongwu Securities predicts that in 2024-2025, the constructi...

Dongwu Securities predicts that in 2024-2025, the construction machinery industry will usher in a renewal cycle, and domestic leaders are expected to start new results this year. There is still plenty of room for growth in overseas markets, as the market share of domestic leaders is less than 5%. Results are expected to pick up after 2023 as steel, shipping prices, and scale-effect pressures decrease.