China Construction Equipment Market (2024-2030) | Revenue, Share, Size, Growth, Forecast, Analysis, Companies, Industry, Outlook, Trends & Value

Topics Covered in China Construction Equipment Market Report

China construction equipment market report comprehensively covers the market by types and applications. The China construction equipment market outlook report provides an unbiased and detailed analysis of the on-going China construction equipment market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

China Construction Equipment Market Synopsis

China construction equipment market has witnessed substantial growth due to developing commercial and residential infrastructure. Increasing investments in real estate and rapid urbanization are some of the key aspects enhancing the China construction equipment market. Moreover, China is the fastest-growing economy in the world due to its large-scale investment and high productivity which is supporting the growth of the construction equipment market in the country.

According to 6wresearch, China Construction Equipment Market size is expected to rise at a CAGR of 3.10% during 2024-2030. China is aiming to expand the construction equipment market by working with foreign companies. In China, Beijing is anticipated to dominate the China construction equipment market due to its infrastructure spending. Increasing government policies and initiatives such as the Belt and Road initiative which is a worldwide development strategy adopted by the government of China in 2013 including growing infrastructure and investments to connect Asia with Africa, Europe, and other international organizations are expected to boost the demand for construction equipment market in China. Additionally, all the construction projects that are implemented abroad the equipment is bought and transported from China due to the government of China offers tax allowances to construction companies that purchase the machinery to participate in the Belt and Road initiative.

One of the biggest challenges is the intense competition among Chinese manufacturers. The domestic market is highly fragmented and crowded, with over 60 local manufacturers fighting for market share. At the same time, the international market poses significant challenges, as global players import their machines to China, creating tough competition. This can challenge the China Construction Equipment Market Growth.

Construction Equipment Market in China: Leading Players

There are many companies leading China’s construction equipment market, including Caterpillar, Komatsu, and Volvo. However, the most successful players in the Chinese market are domestic manufacturers, namely Sany Group, XCMG, and Zoomlion. Sany and Zoomlion have been among the Top 5 manufacturers globally since 2013, with XCMG closely following. Their success lies in their ability to adapt their products to the Chinese market’s needs and leverage their strong brand name, supported by aggressive marketing, and sales efforts.

China Construction Equipment Industry: Government Initiatives

The Chinese government supports the growth of the construction equipment industry through various initiatives. The “Made in China 2025” plan is a government-led program aimed at upgrading the country’s manufacturing capabilities to compete globally, one of which involves developing advanced construction machinery. The government also fosters new entrants, provides tax incentives, and offers subsidies and grants to companies that prioritize research and development in the industry.

Market Segmentation by Type

According to Amandeep, Senior Research Analyst, 6Wresearch, the earthmoving segment is the leading revenue share in China's construction equipment market due to increasing sales and manufacturers of excavators.

Market Segmentation by Application

The construction equipment segment is the most significant contributor to the overall growth of China's construction equipment market. The country's booming real estate and infrastructure projects are driving the construction equipment market's growth. Additionally, China's government has introduced several initiatives that emphasize increasing public and private investments.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• China Construction Equipment Market Outlook
• Market Size of China Construction Equipment Market, 2023
• Forecast of China Construction Equipment Market, 2030
• Historical Data and Forecast of China Construction Equipment Market Revenues & Volume for the Period 2020 - 2030
• China Construction Equipment Market Trend Evolution
• China Construction Equipment Market Drivers and Challenges
• China Construction Equipment Price Trends
• China Construction Equipment Porter's Five Forces
• China Construction Equipment Industry Life Cycle
• Historical Data and Forecast of China Construction Equipment Market Revenues and volume by Type for the Period 2020 - 2030
• Historical Data and Forecast of China Construction Equipment Market Revenues and Volume by Cranes for the Period 2020 - 2030
• Historical Data and Forecast of China Construction Equipment Market Revenues and volume by Construction Tractor and Bulldozer for the Period 2020 - 2030
• Historical Data and Forecast of China Construction Equipment Market Revenues and volume by Earthmoving Equipment for the Period 2020 - 2030
• Historical Data and Forecast of China Construction Equipment Market Revenues and volume by Aerial Work Equipment for the Period 2020 - 2030
• Historical Data and Forecast of China Construction Equipment Market Revenues and volume by Material Handling Equipment for the Period 2020 - 2030
• Historical Data and Forecast of China Construction Equipment Market Revenues and volume by Dump Trucks for the Period 2020 - 2030
• Historical Data and Forecast of China Construction Equipment Market Revenues and volume by Road Construction Equipment for the Period 2020 - 2030
• Historical Data and Forecast of China Construction Equipment Market Revenues and volume by Application for the Period 2020 - 2030
• Historical Data and Forecast of China Construction Equipment Market Revenues and volume by Corporate Enterprise for the Period 2020 - 2030
• Historical Data and Forecast of China Construction Equipment Market Revenues and volume by Oil and Gas for the Period 2020 - 2030
• Historical Data and Forecast of China Construction Equipment Market Revenues and volume by Mining for the Period 2020 - 2030
• Historical Data and Forecast of China Construction Equipment Market Revenues and volume by Others for the Period 2020 - 2030
• China Construction Equipment Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Application
• China Construction Equipment Top Companies Market Share
• China Construction Equipment Competitive Benchmarking By Technical and Operational Parameters
• China Construction Equipment Company Profiles
• China Construction Equipment Key Strategic Recommendation

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Types:

• Mobile Cranes
• Construction Tractor and Bulldozer
• Earthmoving Equipment
• Aerial Work Equipment
• Material Handling Equipment
• Dump Trucks
• Road Construction Equipment

By Applications:

• Corporate Enterprise
• Oil and Gas
• Mining
• Others (Municipality and Road Construction)