New Pathways for the Global Expansion of Mechanical Parts Processing

New pathways for the global expansion of mechanical parts processing mainly include the following aspects:

  1. Upstream Shift in Industrial Chains: With the emergence of groundbreaking scientific discoveries and disruptive technological innovations, Chinese manufacturing enterprises have gradually acquired large-scale manufacturing capabilities for complex upstream products in industrial chains. The proportion of intermediate goods exports in China's total goods exports has significantly increased from 43.6% in 2020 to 47.3% in 2023.

  2. Transition to Strategic Emerging Industries: The focus of manufacturing capacity globalization is shifting from traditional industries to strategic emerging industries. Taking the new energy industry as an example, China's foreign direct investment in new energy vehicles and battery production enterprises has shown explosive growth, with substantial production capacity being transferred to Europe, the Middle East, and Southeast Asian countries.

  3. Brand Autonomy Strategy: The globalization focus of manufacturing brands is transitioning from "OEM manufacturing" to "brand self-control". In the early stages of international expansion, most Chinese manufacturers participated in global division of labor through contract manufacturing for international brands. However, with enhanced brand influence, enterprises are now emphasizing the establishment and control of proprietary brands.

  4. Globalization Layout: Chinese construction machinery enterprises have achieved remarkable success in overseas market expansion. Through global resource allocation and localized operations, they have established worldwide R&D, manufacturing, sales, and service networks. For instance, Zoomlion possesses industrial parks or production bases in Italy, Germany, Mexico, and other countries, realizing the transition from "going global" to "localized operations".

  5. Technological Innovation and Customized Production: High-end equipment components feature customization characteristics, requiring manufacturers to conduct product development and manufacturing according to different integrated solutions from downstream enterprises. With improvements in precision machining technology and increased automation/intelligentization in production, manufacturers can better satisfy customers' diversified needs.

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