Construction equipment

China Construction Equipment Market Assessment and Forecast Report 2022-2028: XCMG, Caterpillar, Volvo, Komatsu, SANY and Zoomlion Heavy Industry Account for ~85% of Total Market Share – ResearchAndMarkets.com

Posted on Author Christopher C. Gardner Comments Off on China Construction Equipment Market Assessment and Forecast Report 2022-2028: XCMG, Caterpillar, Volvo, Komatsu, SANY and Zoomlion Heavy Industry Account for ~85% of Total Market Share – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The report “China Construction Equipment Market – Strategic Assessment and Forecast 2022-2028” has been added to from ResearchAndMarkets.com offer.

The construction equipment market in China is expected to grow at a CAGR of 4.17% by 2028.

In-depth analysis and data-driven insights on the impact of COVID-19 included in this China Construction Equipment Strategic Assessment and Forecast Market Report

This report examines the current construction equipment market scenario and market dynamics for the forecast period 2022-2028. It covers a detailed overview of several growth catalysts, restraints, and market trends. The study includes sales volume and value with industry analysis of the Chinese construction equipment market.

SEGMENTATION OF THE CONSTRUCTION EQUIPMENT MARKET IN CHINA

By 2028, the material handling equipment segment in China is expected to grow at a CAGR of 3.15%. The shift to pre-engineered construction is driving demand for cranes. It is estimated that 30% of newly constructed buildings in China will be pre-engineered by 2030, as Chinese infrastructure developers overwhelmingly adopt pre-engineered construction techniques.

VENDOR LANDSCAPE

Major players in the Chinese construction machinery market are XCMG Group, SANY Group, Zoomlion Heavy Industry Science & Technology Co. Ltd., Caterpillar, Komatsu Group, Volvo Construction Equipment, Hitachi, Ltd., Liebherr Group, KUBOTA Corporation, JCB, Lingong Group Jinan Heavy Machinery Co., Ltd. (LGMG), Hyundai Doosan Infracore, Kobelco Construction Machinery, Sumitomo Heavy Industries Ltd. and Fayat Group.

XCMG Group, Caterpillar, Volvo, Komatsu Group, SANY Group and Zoomlion Heavy Industry Science & Technology Co. Ltd. are market leaders that accounted for nearly 85% of the overall construction equipment market share in 2021.

HIGHLIGHTS

  • In 2020, due to the COVID-19 epidemic, the construction of health facilities has increased. This mainly led to a 13.6% growth in demand for new construction equipment in China for the same year.

  • Long-term industrial development will also be fueled by the government’s intention to invest $573 billion in infrastructure projects. In December 2021, the government issued ~$555.81 billion and announced various projects, including the expansion of the railway by 19,000 kilometers, 12,000 kilometers of high-speed rail, the expansion of public roads by 302 000 kilometers, with 29,000 kilometers of highways, the construction of 29 new passenger airports. , and the expansion of the city rail transport operating mileage by 3,400 kilometers.

  • Additionally, the Chinese government plans to build 300,000 affordable rental housing units by 2025, of which around 60,000 are to be completed by the end of 2022. The government has allocated $23.6 billion for housing development in the budget plan 2021. New housing development projects will provide new opportunities for construction equipment in infrastructure development.

  • Climate change is a major concern for every country in the world, and as a result, many construction equipment manufacturers have incorporated new technologies into their products to reduce carbon emissions. For example, in China, Volvo’s I-Save intelligent fuel-saving system delivers higher power, lower fuel consumption and can improve fuel efficiency by 3%. Volvo also introduced China’s first ECR25 electric crawler mini excavator. Construction equipment powered by green hydrogen and electric construction equipment are likely to replace fossil fuel-based construction equipment. In 2021, the Chinese government approved the renewable green hydrogen megaproject and also accelerated the electrification of construction machinery in the same year.

  • The construction equipment market is consolidated with XCMG emerging as the leader, followed by Caterpillar, Volvo, Komatsu, SANY and Zoomlion Heavy Industry Science & Technology Co. Ltd. These companies hold almost 85% of the total construction equipment market in China.

WHY SHOULD YOU PURCHASE THIS REPORT?

This report is one of the few in the market to offer forecast analysis of prospects and opportunities in terms of:

  • Market Size and Forecast Volume (Unit Sales) 2019-2028

  • Earthmoving, handling and road construction

  • Excavators, backhoe loaders, cranes, forklifts

  • End users (construction, mining, manufacturing and other industries)

  • Market Size and Forecast Value (USD) 2019-2028

  • Earthmoving, handling and road construction

  • Excavators, backhoe loaders, cranes, forklifts

  • End users (construction, mining, manufacturing and other industries)

  • Main current and future projects and investments

  • Gain competitive insights on economic scenario, major Chinese projects and investments advantages, market dynamics and share.

  • Examples of the latest technologies.

  • Get a presentation-ready format and easy-to-interpret data.

  • Enable decision makers to make informed and profitable choices

  • Get expert quantitative and qualitative analysis on incremental value/volume growth projections

  • Complete supply chain analysis

  • Get COVID-19 market impact analysis

  • Supplier Capability Matrix

  • Company profile of sellers and distributors

Main suppliers

  • XCMG

  • SANY

  • zoom lion

  • caterpillar

  • Volvo construction equipment

  • Komatsu

  • Hitachi

  • Kubota

  • Liebherr

  • JCB

Other Important Suppliers

  • LGMG

  • Hyundai Doosan Infracore

  • Kobelco

  • Sumitomo

  • FAYAT

Distributor Profiles

  • CamaMach

  • LuoYang Silon Industrial Co.,Ltd

  • Sino Machinery Imp&Exp Co.,Ltd.

Main topics covered:

Chapter 1 – Presentation

Section 2 – Market Overview

  • Economic scenario, foreign direct investment

Section 3 – Market Landscape

  • China Construction Equipment Market by Type (Volume & Value)

  • Handling equipment

  • Forklift and telehandler

  • Aerial platform (articulated platforms, telescopic platforms, scissor lifts, etc.)

  • cranes

  • earthmoving equipment

  • Excavators

  • Graders

  • Backhoe loaders

  • Other earthmoving equipment (other loaders, bulldozer, trencher, etc.)

  • road construction equipment

  • road roller

  • asphalt paver

  • China Construction Equipment Market by End User (Volume and Value)

  • Construction

  • Manufacturing

  • Mining

  • Others (power generation, municipal utilities, oil and gas, cargo handling, power plants, waste management, etc.)

Section 4 – Market Dynamics

  • Market Drivers, Restraints, Trends, China Advantage, Key Economic Regions, Import/Export Trends, Supply Chain Analysis, Impact of Covid-19

Article 5 – Technological development

Section 6 – Competitive Landscape

  • Overview of the competitive landscape

  • Main suppliers (Xcmg Group – Sany Group – Zoomlion Heavy Industry Science & Technology Co. Ltd. – Caterpillar – Komatsu Group – Volvo Construction Equipment – Hitachi, Ltd. – Liebherr Group – Kubota Corporation – Jcb)

  • Other Important Suppliers

  • Distributor Profiles

Section 7 – Quantitative Summary

Section 8 – Report Summary

For more information about this report visit https://www.researchandmarkets.com/r/ka6tmv

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Christopher C. Gardner
https://rusiruconstruction.com

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