The globally recognized construction machinery ranking, Yellow Table 2026, released by KHL Group’s International Construction magazine, has once again highlighted the strength of Chinese manufacturers in the global market. SHANTUI and LOVOL Heavy Industry ranked 29th and 42nd, respectively, further demonstrating the growing influence of Shandong Heavy Industry Group in the global construction equipment sector.

In 2025, SHANTUI continued advancing with high-quality development and achieved revenue growth for six consecutive years, maintaining a compound annual growth rate of 15%. Its bulldozer market share remained above 65%, while the market presence of excavators, wheel loaders, and motor graders continued to expand steadily.

The simultaneous growth in both revenue and market share reflects SHANTUI’s stable and sustainable development path built on reliable product quality, strong operational capability, and solid profitability. At the same time, SHANTUI is accelerating its transformation toward an AI-driven high-end intelligent manufacturing enterprise, becoming one of the first pioneers in China’s construction machinery industry to fully promote an AI development strategy.

SHANTUI’s overseas business also reached a new record high in 2025, marking a strategic shift from simply exporting products to building long-term value and deeper localization in international markets.

LOVOL Heavy Industry continues to strengthen its competitiveness by leveraging the industrial chain advantages of Shandong Heavy Industry Group and WEICHAI. Supported by advanced off-highway engines, hydraulic systems, transmission systems, and new energy powertrain technologies, LOVOL has built strong product differentiation through collaborative research and development.

Its product portfolio now covers excavators, wheel loaders, mining trucks, and backhoe loaders, while its accelerated expansion in the new energy sector has gained increasing recognition in overseas markets. Multiple electric construction equipment models have received positive feedback globally, further validating LOVOL’s strategy of high-end, intelligent, and green development.

Through industrial collaboration, technology innovation, and global expansion, Shandong Heavy Industry Group continues strengthening its position in the global construction machinery industry and move steadily toward the world’s leading tier of equipment manufacturers, injecting strong momentum into the high-quality development of Chinese manufacturing.