A Chinese broker firm, CLSA, has carried out an extensive two week test of six Chinese-built excavators, which saw Sany’s hydraulic excavator out-perform rival machines made by Japanese and Korean manufacturers.
According to a report in The Economist, the brands tested were Sany, Caterpillar, Hitachi and Doosan, as well as Komatsu and Kobelco of Japan, all with machines built in their factories in China.
Caterpillar came out on top, but it was Sany who was the strong performer relative to price. 
CLSA concluded that technology gaps between the best Chinese firms and their foreign rivals are now “almost non-existent”. It expects that Sany and a handful of other larger Chinese brands will lead a consolidation of the local industry, in which 60 firms will become perhaps six.
The Economist predicts that “ Leading Chinese brands like Sany, Zoomlion and LiuGong, whose products also have the advantage of being cheap, will soon be invading building sites across the globe.”
“Chinese companies […] have now cracked how to make top-quality construction equipment at attractive prices—and their foreign rivals should be worried.”
