Demand Status of Construction Machinery Industry in China

According to the statistics of China Construction Machinery Industry Association, the overall sales volume of China's construction machinery products showed a trend of fluctuation and increase from 2010 to 2022. From 2010 to 2015, with the industry clearing and industry adjustment, the overall sales volume of construction machinery showed a declining trend. From 2016 to 2021, with the country vigorously developing infrastructure construction, the sales volume of construction machinery industry products showed an increasing trend year by year. In 2022, affected by multiple factors such as real estate and epidemic, the overall sales volume of construction machinery declined. In 2022, the total sales volume of 12 categories of construction machinery products was about 1,709,800 units, down by -8.13% year-on-year.

2. Quantity of construction machinery products

The quantity of construction machinery is huge, and the future demand has entered the updating era. Under the trend of transformation and upgrading combined with low economic growth, the space for new demand is small in the future, and construction machinery will enter the era of stock under the new normal of economy. According to the statistics of China Construction Machinery Association, the quantity of construction machinery and equipment products in China was 4.47 million in 2010, and by the end of 2021, The number of major products of construction machinery in the country has grown to about 8.3 to 8.99 million units, up 3.44 percent year on year by the end of 2020.

Among them, the number of hydraulic excavators is about 1.957-2.12 million units, accounting for about 23.58%; There are about 1,036,000 to 1,123,000 loaders, accounting for about 12.49%; Wheeled crane about 283-306,000 units, accounting for about 3.4%; There are about 396,000-429,000 tower cranes, accounting for about 4.77%; There are about 3.602-3.902 million forklifts, accounting for about 43.4%; Concrete mixing trucks are about 625,000 to 678,000 units, accounting for about 7.54%; The total number of bulldozers, graders, concrete pump trucks, mixing stations and other construction machinery is about 401-432,000 units, accounting for about 4.81%.

There are many kinds of construction machinery in our country, it is one of the world construction machinery product categories, product varieties most complete countries, have 20 big categories, 109 groups, 450 kinds of models, 1090 series, tens of thousands of models of products equipment. Because our construction machinery category is complete, series, set advantage is outstanding, provide construction machinery equipment support for national economic construction.

The China Construction Machinery Association released sales data for 12 categories of major products such as bulldozers, graders and truck cranes in December 2022 and the whole year. In 2022, the sales volume of most construction machinery products fell year-on-year, including excavators, loaders, truck cranes, crawler cranes, truck cranes, industrial vehicles, rollers, pavers, aerial work trucks, etc., among which the sales volume of excavators fell 23.8% year-on-year, and that of loaders fell 12.2% year-on-year. Compared with the same period last year, bulldozer, grader, lifting platform sales growth.

In 2022, forklift sales accounted for 61.29% of the main construction machinery products, accounting for the first; It was followed by excavators at 15.28 percent.