Analysis of Future Development of Construction Machinery Manufacturing Industry

Deloitte recently released a report saying that the current overseas merger and acquisition boom of domestic companies has gradually changed from state-owned enterprises to state-owned and private companies in China. At the same time, the merger destinations selected by large Chinese companies have been concentrated in the United States for nearly 12 years. And Germany.

The report pointed out that mergers and acquisitions of construction machinery have become the main industries for China's maritime acquisitions, which is also related to the rapid development of China's machinery industry. In 2008, the main business income of China's machinery and equipment industry was 10 trillion yuan. By 2011, the main business income of the industry will reach 21 trillion yuan, and the compound annual growth rate will be close to 30%. The amount of M&A transactions in the machinery industry has accounted for 45% of the total M&A share of China's manufacturing industry.

In the first half of 2001-2012, the number of overseas M&As completed by Chinese machinery manufacturers was ranked according to the target country. Germany and the United States as global leaders in the industrial field remained the most popular M&A destination for Chinese companies, with 19 and 8 transactions respectively.

In addition, the difficulties encountered by China's equipment manufacturing industry in overseas acquisitions are: The seller's lack of understanding or distrust of Chinese companies is the biggest obstacle. The high quality assets of European countries and the United States are the major acquisition targets of Chinese equipment manufacturing companies. Despite the strong capital of Chinese companies, many times they cannot move the seller. The main reason is that local companies and governments are skeptical about the ability of Chinese companies to use technology for transformation and utilization, ongoing operations and brand management, and the ability to handle local labor relations. Based on these challenges, when analyzing the overseas M&A transactions of the global equipment manufacturing industry, they found that transactions that really create value for the company and performed well only accounted for 23% of the total transaction volume, and the performance accounted for 47% of the total, and the performance was poor at 30%. .

Nowadays, with the development of related technologies, the machinery industry is not just limited to machinery. More and more companies have started to combine with related technologies such as computers to create high-level mechanical products.

At present, mechanical engineering develops and develops new mechanical products with the goal of increasing production, increasing labor productivity, and improving the economics of production. In the coming era, the development of new products will aim at reducing resource consumption, developing clean renewable energy sources, and managing, reducing and even eliminating environmental pollution as a super-economic goal.

The relationship between artificial intelligence and mechanical engineering is similar to the relationship between the brain and the hand. The only difference is that the artificial intelligence hardware also needs to be manufactured using machinery. In the past, various kinds of machinery were inseparable from human operations and controls. The reaction speed and accuracy of operation were limited by the slow evolution of the human brain and nervous system. Artificial intelligence would eliminate this limitation. The mutual promotion between computer science and mechanical engineering, and parallel advancement, will enable mechanical engineering to begin a new round of major development at a higher level.