Why are excavators so expensive? Revealing the cost and technical barriers behind
In recent years, the price of excavators, as the core equipment of construction machinery, has remained high, triggering widespread discussions. Whether it is a small excavator or a large mining model, the price of hundreds of thousands or even millions makes many people wonder: Why are excavators so expensive? This article will give you an in-depth analysis from the aspects of technology, materials, market and other hot topics in the past 10 days.
The high selling price of excavators is mainly due to the high investment in R&D, production, supply chain and other links. The following is structured data on key cost percentages:
| cost item | Proportion | illustrate |
|---|---|---|
| R&D and Technology | 25%-30% | The research and development costs of core technologies such as hydraulic systems and intelligent control are high. |
| Core components | 35%-40% | Engines, hydraulic pumps, etc. are dependent on imports, making it difficult to reduce costs. |
| Materials and Manufacturing | 20%-25% | Prices of raw materials such as high-strength steel and wear-resistant parts fluctuate greatly |
| After-sales service | 10%-15% | Global maintenance network, technical training and other long-term investment |
1.Hydraulic system: The precise control of excavators relies on complex hydraulic technology. Only a few companies in the world (such as Kawasaki and Rexroth) can produce high-performance hydraulic parts. Monopoly leads to high procurement costs.
2.Intelligent upgrade: Recent hot topics show that new technologies such as driverless driving and remote monitoring have become the focus of competition among manufacturers. For example, the 5G remote control excavator launched by Sany Heavy Industry has invested more than 100 million yuan in research and development.
3.Environmental protection standards: After the implementation of the National IV emission standards, the engine needs to be equipped with a DPF (particulate trap), which increases the cost of a single unit by about 50,000 yuan.
According to industry data in the past 10 days, leading brands account for more than 70% of the market share:
| brand | Market share | Price range (10,000 yuan) |
|---|---|---|
| Caterpillar | 25% | 50-300 (small to large) |
| Sany Heavy Industry | 20% | 30-200 |
| XCMG | 18% | 25-180 |
In addition, the global infrastructure boom is driving up demand. According to CCTV Finance, excavator sales in the Southeast Asian market will increase by 23% year-on-year in 2023, further exacerbating the tight supply and demand.
1.leasing model: Small and medium-sized enterprises can choose to rent by the hour or by project, with an average daily cost of about 800-2,000 yuan, reducing financial pressure.
2.Used equipment: The price of a second-hand excavator within 3 years is about 60% of a new one, but you need to pay attention to the maintenance records.
3.Domestic replacement: In recent years, the technology of domestic brands has improved significantly. For example, the price of a Liugong model is 15%-20% lower than that of foreign brands of the same level.
Conclusion: The high price of excavators is the result of the joint action of technology, market and supply chain. As the localization rate increases and new energy technologies (such as electric excavators) become more popular, prices may gradually become more rational in the future. But in the short term, its "expensive" nature will still be difficult to change.
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