China's crushing hammer market started in the 1990s, lagging behind Japan and South Korea. Since 2000, the market demand for hydraulic breaking hammers in China has increased rapidly, but domestic hydraulic breaking hammers started late, with low output and few varieties, resulting in a large number of foreign hydraulic breaking hammers entering the Chinese market.
As the industry is still in the stage of rapid development, the initial domestic crushing hammers are mainly assembled and produced based on the crushing hammers of South Korea and Japan. The market is chaotic and there are many brands. Hundreds of crushing hammer brands are sold in the market, but most of them are assembled by OEM or sellers without registered trademarks. The industry concentration is low. Most manufacturers are small and have weak R & D capacity. They are regional brands with little difference in product performance, while there are only dozens of national brands with obvious market differentiation, and there are great differences in product quality, after-sales service and price.
Among foreign brands, Korean hydraulic crusher hammer once occupied a large share of the domestic hydraulic crusher hammer market because it entered the domestic market earlier and has geographical and price advantages. However, in recent years, with the intensification of domestic market competition and the rapid rise of domestic crusher hammer industry, its share has decreased rapidly, and imported products gradually lose their competitive advantage.
In the early stage, domestic brands mainly purchased assembled products, mainly purchased imported or domestic parts to assemble and produce hydraulic crushing hammer products, usually with unstable performance and no guarantee of quality. Since 2005, some domestic enterprises have mastered the core production technology and process. At present, they have fully realized localization, the products have risen rapidly, the market competitiveness of the products has been greatly improved, they have high brand influence in the international market, the market share has been greatly improved, and they have occupied most of the domestic market share.