Used engineering machinery refers to engineering machinery equipment that, after use, still possesses operational capabilities, primarily used in construction, mining, and water conservancy fields. This concept originated from ancient lifting tools, and with the development of steam engines in the early 19th century, it entered a period of rapid growth after World War II. It can be categorized by use into excavating machinery, earthmoving machinery, and lifting machinery, including equipment such as excavators and bulldozers.
When equipment is traded, it is crucial to inspect the hydraulic system and the wear and tear of the tracks. In 2023, China had over 9 million used engineering machinery units, with excavators and loaders accounting for a significant portion, and approximately 700,000 units entering the used machinery market annually. Distribution channels include dealer trade-ins, the used equipment market, and third-party auction platforms. In 2024, China's used equipment exports surpassed domestic new equipment sales for the first time.
The global used construction machinery market reached $95.4 billion in 2023 and is projected to grow to $122 billion by 2030, with Africa and Southeast Asia being the main export markets.
The industry uses remanufacturing technology to dismantle and repair equipment. Remanufactured products cost 50% of new machines, saving 60% on energy, 70% on materials, and reducing emissions by 80%.
