Second hand rotary drilling rig circulation market: three major trends leading the high-quality development of the industry

    With the iterative upgrading of domestic infrastructure construction and the green transformation of the construction machinery industry, the second-hand rotary drilling rig circulation market has ushered in important development opportunities. Scale, standardization, and platformization have become the core trends driving the industry to break through and upgrade, promoting the market to transform from scattered and chaotic to standardized and efficient, and achieving optimized resource allocation and value reconstruction.

    Scale development has become the core support for market expansion. The current inventory of second-hand construction machinery equipment in China continues to rise, with the market size of second-hand rotary drilling rigs steadily growing. By 2024, the market size has reached 6.28 billion yuan, a year-on-year increase of 23.5%. Adequate equipment inventory has laid the foundation for large-scale circulation. At the same time, the demand for cost-effective equipment in the infrastructure sector is increasingly strong, coupled with the rapid rise of the second-hand equipment export market. By 2025, the export growth of second-hand rotary drilling rigs will reach 220%, and emerging overseas markets will become an important growth point, further amplifying the market scale effect. The layout of top enterprises has also accelerated the process of scaling up, promoting the efficient circulation of idle equipment through equipment recycling, refurbishment and remanufacturing, and forming a large-scale circulation system covering the entire chain.

    Standardization construction solves the pain points of industry development. For a long time, the lack of evaluation standards, opaque vehicle condition information, and non-standard transaction processes have constrained the healthy development of the second-hand rotary drilling rig market. Nowadays, the industry is accelerating the construction of a standardized system. On the one hand, original factory certification and refurbishment have become mainstream. Leading enterprises such as XCMG have launched professional testing and certification services to ensure reliable performance and clear sources of second-hand equipment. By 2024, the proportion of original factory certified refurbished equipment has reached 31.4%; On the other hand, the industry is gradually improving standards such as quality grading and residual value assessment, introducing third-party authoritative testing institutions, issuing standardized reports through scientific testing, clarifying equipment quality levels, resolving trust barriers between buyers and sellers, and promoting standardized and transparent transaction behavior.

    Platform transformation and reconstruction of market circulation mode. The traditional offline intermediary dominated circulation model has drawbacks such as lengthy chains and inefficient supply and demand matching, but the rise of digital platforms is breaking this pattern. Based on digital technology, platforms such as Tiejian Cloud Rental and 51 Excavator integrate equipment resources, testing services, financial support, logistics distribution, and other full chain services to achieve an integrated connection of second-hand rotary drilling rig information release, online evaluation, bidding transactions, and after-sales support. This innovative mode of "manufacturing enterprises+industrial Internet platform" not only gives play to the equipment technology advantages of manufacturing enterprises, but also uses the channel advantages of the platform to solve the dilemma of small and medium-sized enterprises, which are "expensive to buy, worried about using, and unable to sell", improve the market circulation efficiency, and promote the accurate matching of resources nationwide and globally.

    The three aspects of scale, standardization, and platformization support and work together to promote the high-quality development of the second-hand rotary drilling rig circulation market. In the future, with the deep penetration of digital technology and the continuous improvement of industry standards, the circulation market of second-hand rotary drilling rigs will be further standardized and upgraded, playing a more important role in promoting the development of circular economy, reducing infrastructure costs, and promoting the green transformation of the construction machinery industry.