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About UsYantai Gao Hong Hydraulic Technology Co., Ltd. is located in Yantai Economic and Technological Development Zone. Mainly engaged in construction machinery, ships, agricultural machinery, coal machinery, military, aerospace hydraulics, excavator parts, hydraulic products, research and development, production, sales of high-tech industries.
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ProductsIn 2013, the company introduced foreign hydraulic pilot technology, research and development production of hydraulic pilot series products. The company has more than 30 patents, the company's own brand “GH” hydraulic pilot handle has won more than 20 national patents, approved by the national science and technology-based small and medium-sized enterprises.
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BlogThe company takes “win-win cooperation, innovation and development” as the concept, the pursuit of quality satisfaction as the goal, and strive to create a domestic professional hydraulic parts manufacturers and suppliers.
Excavator Industry Report 2025: Infrastructure Expansion Drives Innovation
Release time:
2025-06-23
1. Market Overview
The global excavator market is projected to reach $78.9 billion by 2026, growing at a 6.8% CAGR (2023-2026). Key drivers include:
Government infrastructure projects: US Infrastructure Act ($1.2 trillion) and China's "New Infrastructure" initiative fueling demand
Urbanization rates: 68% global urban population by 2030 requiring construction equipment
Technology shift: 23% of new excavators now feature hybrid/electric powertrains
2. Regional Breakdown
RegionMarket ShareGrowth DriverAsia-Pacific52%Belt & Road projects, India's smart citiesNorth America28%Renewable energy installations, road repairsEurope15%EU Green Deal mandates low-emission equipment
3. Technology Trends
Autonomous excavators: Companies like Built Robotics deploy AI-guided systems at mining sites
Electric models: Volvo EC230 Electric (zero emissions, 8h runtime) gaining popularity
Telematics adoption: 89% of new machines equipped with IoT sensors for predictive maintenance
4. Supply Chain Challenges
Component shortages: Hydraulic valves (lead time 18+ weeks) and MCUs delaying production
Price increases: Steel costs up 35% since 2022, pushing machine prices 12-15% higher
5. Future Outlook
Rental market expansion: 40% of contractors now prefer short-term leases
Regulatory impact: Stage V emissions standards forcing fleet upgrades in 2026
Emerging markets: Africa's mining sector to drive 9% annual growth in excavator imports
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Address: Beijing Zhongchangxing Industrial Park, Jinsha River Road, Yantai Development Zone
Tel:+86-535-3410889
Mobile:+86-17753568399 / 13780928788
E-mail:order@ytgaohong.com
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