Bobcat Teeth for Bucket PC100LR Earth Moving Machinery Spare Parts Applicable To YUCHAI

Impact of Policy Environment on the Construction Machinery Industry

Analysis of Policy Environment Impact on the Construction Machinery Industry in 2025

I. Infrastructure Investment Drives Growth

Accelerated Special Bonds and County-Level Construction

Accelerated issuance of local government special bonds in 2025 drives demand growth for traditional construction machinery

County-level shortfall remediation and urban renewal projects boost earthmoving equipment sales (domestic excavator sales up 257% in Jan-May)

The Three-Year Action Plan for Strengthening Urban and Rural Infrastructure Shortcomings explicitly releases concentrated demand for county-level projects

Regional Differentiated Development

Western Development prioritizes traditional infrastructure, while Eastern smart cities create new scenarios for intelligent equipment

Special funding for projects like Xinjiang's Silk Road Land Port supports R&D of specialized equipment for frigid environments

II. Green Transition Policies

Emission Standard Upgrades

NOx emission limits for fuel-powered machinery reduced by 40%, driving technological upgrades for loaders and cranes

Electric loader penetration reaches 20.67%, hydrogen-fueled excavators enter testing phase

Circular Economy Support

Recycled resource recovery system subsidies reach 60%, promoting standardized circulation of used equipment

Sany Heavy Industry establishes remanufactured parts sorting workshop to enhance equipment traceability

III. Intelligence and Digitalization

Strengthened Industry Standards

Shield machine neural network control systems require ≥65% self-inspection coverage

EU PAVE certification mandates 90% safety function integration, increasing export compliance costs

R&D Incentive Policies

Mandatory licensing fees for new energy technology patents reduced by 28-55%

VAT refunds for exports now include R&D expenditures, lowering smart system development costs

IV. Supply Chain & Market Impact

Supply Chain Adjustments

High-performance cylinder tube manufacturing designated as restricted, accelerating domestic substitution (Shagang Special Steel Tube Project)

Steel costs account for 23-28% of total expenses; export tax rebate cancellation significantly impacts profitability

International Market Opportunities and Challenges

Robust demand in Belt and Road countries (44.6% growth in African market)

Djibouti project mandates domestic content for critical components, facilitating financing for Chinese enterprises

V. Risk Indicators

Extended repayment cycles for local government special bonds delay equipment payments by 37 days

May excavator domestic sales slightly declined 1.48% YoY; monitor potential demand depletion effects