China Construction Equipment Market Size & Outlook
China construction equipment market, 2016-2030 (US$M)
Related Markets
China construction equipment market highlights
- The China construction equipment market generated a revenue of USD 22,217.8 million in 2022 and is expected to reach USD 33,772.4 million by 2030.
- The China market is expected to grow at a CAGR of 5.4% from 2023 to 2030.
- In terms of segment, earth moving machinery was the largest revenue generating product in 2022.
- Concrete and Road Construction Machinery is the most lucrative product segment registering the fastest growth during the forecast period.
Construction equipment market data book summary
| Market revenue in 2022 | USD 22,217.8 million |
| Market revenue in 2030 | USD 33,772.4 million |
| Growth rate | 5.4% (CAGR from 2022 to 2030) |
| Largest segment | Earth moving machinery |
| Fastest growing segment | Concrete and Road Construction Machinery |
| Historical data | 2016 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Earth Moving Machinery, Material Handling Machinery, Concrete and Road Construction Machinery |
| Key market players worldwide | Caterpillar Inc, CNH Industrial NV, Deere & Co, Doosan Heavy Industries & Construction, Kubota Corp, Hitachi Ltd, Hyundai Motor Co, Komatsu Ltd, Liebherr Group, Manitou BF SA, Sany Heavy Equipment International Holdings Co Ltd, Terex Corp, Volvo AB ADR, Wacker Neuson SE, Zoomlion Heavy Industry Science and Technology Co Ltd ADR, JCB, XCMG, XCMG Group |
Other key industry trends
- In terms of revenue, China accounted for 18.7% of the global construction equipment market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China construction equipment market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 10,133.3 million by 2030.
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Construction Equipment Market Scope
Construction Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China construction equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to construction equipment market will help companies and investors design strategic landscapes.
Earth moving machinery was the largest segment with a revenue share of 60.05% in 2022. Horizon Databook has segmented the China construction equipment market based on earth moving machinery, material handling machinery, concrete and road construction machinery covering the revenue growth of each sub-segment from 2016 to 2030.
- China Construction Equipment Product Outlook (Revenue, USD Million, 2016-2030)
- Earth Moving Machinery
- Excavator
- Loader
- Others
- Material Handling Machinery
- Crawler Crane
- Trailer Mounted Crane
- Truck Mounted Crane
- Concrete and Road Construction Machinery
- Concrete Mixer & Paver
- Construction Pumps
- Others
- Earth Moving Machinery
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Target buyers of China construction equipment market databook
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Our clientele includes a mix of construction equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China construction equipment market , including forecasts for subscribers. This country databook contains high-level insights into China construction equipment market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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China construction equipment market size, by product, 2016-2030 (US$M)
China Construction Equipment Market Outlook Share, 2022 & 2030 (US$M)
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