The competition in the international machinery industry market is becoming increasingly fierce, and enterprises in China's machinery industry are facing tremendous pressure. The current global economic recovery process is tortuous and weak, with advanced economies such as the United States, Europe, and Japan implementing "re-industrialization" centered on advanced manufacturing. International market competition is also moving towards a high-end direction; emerging economies are accelerating the development of industries and technologies with comparative advantages, making it more difficult for China's machinery industry to expand exports of mid-to-low-end products that have comparative advantages. The industry is facing the pressure of being "blocked from the front and chased from behind." The lack of "voice" and "pricing power" makes the task of enhancing the status of China's machinery industry in international industrial division very difficult.
Not only that, but from the perspective of the domestic market, the machinery industry faces numerous difficulties: the overall growth of machinery product demand is slowing down, but there is an increasing demand for the level and quality of equipment products; the trend of domestic market internationalization is evident, and the need to enhance core competitiveness is urgent; the pressure of rising costs is increasing, compressing profit margins; resource and environmental constraints are strengthening, making extensive development models unsustainable.
Industry experts state that for the machinery industry to break through development bottlenecks, it must accelerate transformation and upgrading, achieving "three shifts" and "three improvements." That is, shifting from machine-driven component development to balanced development of machines and components, transitioning from relying mainly on physical production to a collaborative pull of physical production and manufacturing services, and moving from primarily depending on increased material resource consumption and extensive management to mainly relying on technological progress, management innovation, and the improvement of laborer quality, thereby achieving a transformation in the mode of industrial development. Enhancing the technical level of the industry, improving product quality, and increasing economic added value will comprehensively optimize the industrial structure, technical structure, product structure, organizational structure, and process structure, promoting the overall optimization and enhancement of the industry structure. Whether it is breaking through the "front-blocked and rear-chased" situation in the international market or addressing domestic market challenges, companies like Wuxi Huadong Heavy Machinery Co., Ltd. in the machinery industry must focus on enhancing their own strength.