Developed Market Scan of Used Construction Machinery in Developed Countries

The used construction machinery market is already mature and standardized in developed countries, such as the United States, Japan, and Germany. There are two types of markets in these countries, one is buyout and resale, and a considerable part is the manufacturer to do this, such as Caterpillar, Komatsu, buying the equipment they have used in the market to carry out the necessary repairs. Resale will protect the product's performance and quality, promote products to enter the market, and form a new economic growth point for manufacturing companies.
Another kind of equipment, called auction sales, has 20,000 to 300,000 units of equipment entering the used equipment market each year, and some of the exports have entered the international circulation market. For example, Japan experienced a construction boom during the expansion of domestic demand for a period of time in the 1980s. At the same time, the economy bubbled quickly. A large number of equipment became disused or contracted into used equipment due to some construction projects, which promoted the formation of a used equipment market. This coincided with the rapid development of Southeast Asian countries, where it became a market for used construction machinery in Japan. Later, due to the Southeast Asian economic crisis, Japan's second-hand equipment exports to Southeast Asia suffered setbacks, and then turned to China.