1. Market recovery: domestic demand rebound and export growth are driven by two wheels
Signs of recovery in sales
In the first half of 2025, China's roller market will show a significant recovery. According to data from China Construction Machinery Industry Association, a total of 7,772 road rollers were sold from January to June, a year-on-year increase of 23.7%; Among them, the domestic sales volume was 2,905 units, a year-on-year increase of 10.8%, and the export volume was 4,867 units, a year-on-year increase of 32.9%. In June, the monthly sales volume was 1,589 units, a year-on-year increase of 17%, and the growth rate increased significantly from the previous month, showing that the market demand was accelerated.
Infrastructure investment underpins domestic demand
The expansion of the issuance scale of special bonds has become a key support. In the first half of 2025, about 2.16 trillion yuan of new special bonds will be issued, an increase of 44.7% over the same period in 2024, and the funds will be mainly invested in municipal and industrial park infrastructure, transportation infrastructure and other fields. Taking the S422 Provincial Highway Reconstruction and Expansion Project in Nanjing, Jiangsu Province as an example, the application of Liugong's unmanned paving machine group not only improves the construction efficiency, but also reduces manpower investment through intelligent technology, which has become a typical case of infrastructure investment driving equipment demand.
The export market continues to expand
China's export volume of road rollers has increased from 3,163 units in 2020 to 7,726 units in 2023, and has reached 7,887 units from January to November 2024, exceeding the level of the whole year of 2023. The Middle East, Southeast Asia, Africa and other regions have huge demand potential due to lagging infrastructure construction. For example, Liugong unmanned rollers have achieved 24-hour continuous operation in national key projects such as Baoyin high-speed railway and Jinshajiang hydropower station, and the construction efficiency has been increased by more than 30%, providing a technical demonstration for the export market.

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