news flash·2025-04-23 02:04Core Viewpoint - The export value of domestic construction machinery continues to grow, with a year-on-year increase of 7.61% in Q1 2025, reaching $12.92 billion [1] Industry Summary - In 2023 and 2024, the export values of domestic construction machinery were $48.55 billion and $52.86 billion, reflecting year-on-year growth rates of 9.57% and 8.87% respectively [1] - Major players in the industry, such as SANY Heavy Industry and Zoomlion, are seeing an increasing proportion of overseas revenue, with projections for 2024 showing overseas revenue shares of 63.98% and 51.41% respectively [1] - A representative from a domestic construction machinery company noted that their overseas revenue proportion also exceeded 50% last year, indicating a broader trend across the industry [1]