Robust Exhibitions Boost business Deals One of the notable events in the industry was the recently concluded Third Changsha International Construction Machinery Exhibition Southeast Asia Sub - Exhibition in Kuala Lumpur, Malaysia. This three - day event, which attracted over 90 leading global companies, including Sany Heavy Industry, Zoomlion, and Liugong Machinery Asia - Pacific, served as a major platform for promoting trade. With a total exhibition area of 6,000 square meters, it showcased nearly a thousand products and industry solutions. The exhibition was a huge success in terms of business transactions, with 11 companies signing host machine and parts procurement contracts worth 2.227 billion yuan. These deals covered a wide range of areas, such as high - end equipment, intelligent solutions, and supporting services, highlighting the strong demand for mechanical equipment in the Southeast Asian market. Policy - Driven Changes in Trade
Trade policies are also having a profound impact on the mechanical equipment industry. In the United States, the expansion of metal tariffs to hundreds of derivative products has led to a significant increase in the cost of imported mechanical equipment. For example, German agricultural equipment and commercial vehicle manufacturer Krone has ceased exports to the US and suspended production for the US market, as the new tariffs make it difficult for customers to afford the price hikes. The German Engineering Federation (VDMA) has stated that the existing tariff agreement between the EU and the US has lost its significance for the mechanical and equipment engineering industry, with about 30% of EU - imported mechanical products to the US now subject to a 50% tariff on their metal content. This situation not only affects European manufacturers but also US domestic manufacturers who rely on imported machinery, as they may face higher costs and potential supply disruptions.
Regional Market Growth
Despite the challenges in some regions, there are positive signs in Others. In the Chinese - ASEAN trade corridor, the development of new transportation channels is facilitating the export of mechanical equipment. For instance, the newly established public - water combined transport route from China to ASEAN has enabled seamless transportation of large - scale mechanical equipment. The cost - effectiveness of this new route, with a 20% reduction in logistics costs for semi - trailers transported from the Guangdong - Hong Kong - Macao Greater Bay Area to the Youyiguan Port, has made Chinese mechanical products more competitive in the ASEAN market. The agricultural machinery segment within the mechanical equipment industry is also showing strong growth in exports. In the first half of this year, China's agricultural machinery and parts exports reached $9.305 billion, a year - on - year increase of 26.5%. This growth can be attributed to China's ability to develop customized agricultural machinery for different international markets, such as the improved small - and medium - sized tractors for the African market, which are more cost - effective than their European and American counterparts.
In conclusion, while the mechanical equipment industry faces trade policy - related headwinds in some regions, it also benefits from market - driven opportunities in others. The industry's ability to adapt to changing trade policies, develop innovative products, and explore new markets will be crucial for its continued growth in the global trade market. As the industry continues to evolve, it is expected that more companies will seek to leverage emerging markets and new trade channels to enhance their global competitiveness.
