China's construction machinery industry needs to import core components, while excess capacity in fasteners and other basic components and soaring raw material prices will hit the fastener and basic component industries at the same time. The capacity everyone refers to mainly means that ordinary standard parts (fasteners below grade 8.8) should be subject to restricted development.

    The sustained healthy development of China's construction machinery industry has brought a huge market to the supporting parts industry. However, for many years, driven by profit, counterfeit and shoddy products have flooded the construction machinery parts market. Every year, local industry and commerce departments keep investigating and seizing counterfeit and shoddy parts, and some industry enterprises are also actively participating in exposing counterfeiting incidents, but the trend of parts counterfeiting prevails across the country. The supporting parts market mainly consists of two parts: supporting main machines and repair/after-sales. Overall, for main machine supporting, because main machine manufacturers have very strict standards and requirements when selecting partners and supporting enterprises, there is basically no counterfeiting. In the aftermarket of construction machinery after-sales and repair, however, demand for parts is very large and product circulation channels are relatively complex, making it a breeding ground for counterfeit and shoddy parts. Users are widely distributed, dealers vary in size, and parts distribution is very difficult to manage.