The domestic and international situations are intertwined, with opportunities and challenges coexisting

Domestically, the favorable policy wind is blowing strongly, and the market structure is undergoing changes

Policy-driven demand is on the rise. As the 14th Five-Year Plan enters a crucial stage, China's investment in infrastructure sectors such as transportation, water conservancy, and new urbanization continues to intensify. In 2024, the scale of domestic infrastructure investment strongly surpassed the 20 trillion yuan mark. By 2025, the issuance scale of special bonds is expected to reach 4.5 trillion yuan, and the ultra-long-term special Treasury bonds will also expand to 2-3 trillion yuan, with a focus on the "two major and two new" fields. Such a large-scale capital investment is like a strong heart stimulant, injecting powerful development momentum into the rotary drilling rig market. As an indispensable equipment for pile foundation construction, rotary drilling RIGS have ushered in a broad market space. According to relevant data, the domestic sales volume of rotary drilling RIGS rose to 4,883 units in 2024, with the export market increasing by 12% year-on-year. Among them, the countries along the "Belt and Road" contributed over 60% of overseas orders.

Technological innovation leads transformation. In January 2025, the market for electric construction machinery witnessed explosive growth, with sales increasing by over 200% year-on-year. Among them, electric rotary drilling RIGS accounted for 25%. It is expected that by 2028, electric products will account for 60% of the market share, completely rewriting the energy structure of the industry. The development of intelligence is also in full swing. Leading enterprises are all making strategic layouts in the intelligent field. Sany Heavy Industry has launched a rotary drilling rig equipped with an AI diagnosis system, which has significantly increased construction efficiency by 30% and reduced the failure rate by 50%. The 5G remote control model of XCMG Group has even achieved "unmanned" operation, with a single device capable of managing three construction sites simultaneously. In 2024, the global market size of rotary drilling RIGS reached 20.472 billion yuan, with intelligent equipment accounting for over 40%. It is expected that this proportion will exceed 60% by 2028.

International: Market growth is promising, but competition is becoming increasingly fierce

The global market size is expanding. Looking at the world, the market size of rotary drilling RIGS is showing a steady growth trend. According to GlobalMarketInsights, the global rotary drilling rig market size was approximately 5.8 billion US dollars in 2022 and is expected to successfully exceed 7.3 billion US dollars by 2025. During the period from 2023 to 2030, the compound annual growth rate is expected to reach 6.8%. The Asia-Pacific region holds a dominant position in the global market, with a market share of 54.3% in 2022. It is expected to further increase to 58%-60% by 2030, among which the contribution rate of the Chinese, Indian and Association of Southeast Asian Nations markets will exceed 70%. The North American market is also expanding in size, driven by the demand for energy infrastructure updates. Due to the upgrade of green building regulations, the penetration rate of electric rotary drilling RIGS in the European market will increase significantly from 18% in 2022 to 45%-50% in 2030. ​