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PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1076139

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PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1076139

China Construction Machinery Market, By Equipment Type, By Equipment Category, By Propulsion Type, By Application Trend Analysis, Competitive Market Share & Forecast, 2018-2028

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China Construction Machinery Market Witness Muted Growth in Coming Years

China construction machinery market is growing on account of the rising building activities for infrastructure development along with strict government rules requiring high levels of safety and security throughout building activities…

A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the China construction machinery market is projected to grow at a CAGR of around 4% during the forecast period of 2022-2028. As a growing country, China's rising building activities for infrastructure development are a primary driving force for the Chinese construction machinery market. Furthermore, China's demand for new construction machinery is being fueled by strict government rules requiring high levels of safety and security in building activities. However, the high cost of construction machinery acts as a huge restraint for market growth.

Increasing Maintenance and Refurbishing Activities is Driving China Construction Machinery Market

With a high number of commercial and residential buildings in China, the need for their regular maintenance also rises to make them safe for working. Therefore, the building owners, as well as the contractors, spend significant amounts on the maintenance of buildings as well as refurbishing old and unused spaces to make a profit out of them. Due to this, the demand for construction machinery is rising, propelling the overall market growth.

Rising Infrastructure Application is Propelling China Construction Machinery Market

Based on application, China construction machinery market is segmented into infrastructure, commercial, and residential. The infrastructure application segment accounts for the largest market share owing to the extensive government and private investment towards infrastructural development across the country. However, the commercial segment is also gaining significant traction due to the rising construction of commercial facilities such as hotels, restaurants, offices, etc.

China Construction Machinery Market - By Propulsion Type

Based on propulsion type, the China construction machinery market is segmented into diesel and CNG/LNG/RNG. The diesel category accounts for the majority of the market share. This is because diesel has a greater compression ratio, which means it is more efficient. Additionally, it may be used as both a light and heavy oil. Diesel fuel is also less volatile and has a larger thermal energy content. During the projected period, however, the CNG/LNG/RNG propulsion type is expected to expand at the fastest pace.

Impact of COVID-19 on China Construction Machinery Market

Following the coronavirus outbreak in China, the whole construction industry was among the hardest hit. As the epicenter of the virus epidemic, China had to cease all economic activity and devote its full attention to the virus's spread and the healthcare industry. Construction machinery manufacture and distribution were immediately suspended as a result of this. Moreover, during the lockdown, infrastructure development operations were curtailed, resulting in a drop in demand for construction machines in China.

Competitive Landscape

The leading market players of the China construction machinery market are Kobelco, Tadano, XCMG, Liebherr Corp, Sany Group, China Communications Construction Company, Zoomlion, Volvo CE, Caterpillar Inc, and other prominent players.

The market is consolidated with the presence of established players that cover a significant share in the market. However, several small companies are also entering the market and giving tough competition by offering a wide range of high-quality construction machinery. The companies constantly launch new products to grab a larger share in the market. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, collaborations, etc., is also prominent in this market.

Don't miss the business opportunity of the China construction machinery market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the China construction machinery market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the China construction machinery market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

About Us

BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.

Product Code: BWC22143

Table of Contents

1. Research Framework

  • 1.1. Research Objective
  • 1.2. Product Overview
  • 1.3. Market Segmentation

2. Research Methodology

  • 2.1. Qualitative Research
    • 2.1.1. Primary & Secondary Research
  • 2.2. Quantitative Research
  • 2.3. Market Breakdown & Data Triangulation
    • 2.3.1. Secondary Research
    • 2.3.2. Primary Research
  • 2.4. Breakdown of Primary Research Respondents, By Region
  • 2.5. Assumption & Limitation

3. Executive Summary

4. China Construction Machinery Market Insights

  • 4.1. Industry Value Chain Analysis
  • 4.2. DROC Analysis
    • 4.2.1. Growth Drivers
    • 4.2.2. Restraints
    • 4.2.3. Opportunities
    • 4.2.4. Challenges
  • 4.3. Technological Landscape/Recent Development
  • 4.4. Regulatory Framework
  • 4.5. Porter's Five Forces Analysis
    • 4.5.1. Bargaining Power of Suppliers
    • 4.5.2. Bargaining Power of Buyers
    • 4.5.3. Threat of New Entrants
    • 4.5.4. Threat of Substitutes
    • 4.5.5. Intensity of Rivalry

5. China Construction Machinery Market Overview

  • 5.1. Market Size & Forecast by Value, 2018-2028
    • 5.1.1. By Value (USD Million)
  • 5.2. Market Share & Forecast
    • 5.2.1. By Equipment Type
      • 5.2.1.1. Articulated Dump Truck
      • 5.2.1.2. Asphalt Finisher
      • 5.2.1.3. Backhoe Loader
      • 5.2.1.4. Crawler Dozer
      • 5.2.1.5. Crawler Excavator
      • 5.2.1.6. Crawler Loader
      • 5.2.1.7. Mini Excavator
      • 5.2.1.8. Motor Grader
      • 5.2.1.9. Motor Scraper
      • 5.2.1.10. Road Roller
      • 5.2.1.11. Rigid Dump Truck
      • 5.2.1.12. RTLT Masted
      • 5.2.1.13. Pick And Carry Cranes
      • 5.2.1.14. Compactors
      • 5.2.1.15. Others
    • 5.2.2. By Application
      • 5.2.2.1. Infrastructural
      • 5.2.2.2. Residential
      • 5.2.2.3. Commercial
    • 5.2.3. By Equipment Category
      • 5.2.3.1. Earthmoving Equipment
      • 5.2.3.2. Material Handling Equipment
      • 5.2.3.3. Heavy Construction Vehicles
      • 5.2.3.4. Other Categories
    • 5.2.4. By Propulsion Type
      • 5.2.4.1. Diesel
      • 5.2.4.2. CNG/LNG/RNG

6. Competitive Landscape

  • 6.1. List of Key Players and Their Offerings
  • 6.2. Market Share Analysis, 2021
  • 6.3. Competitive Benchmarking, By Operating Parameters
  • 6.4. Key Strategic Development (Merger, Acquisition, Partnership.)

7. Impact of Covid-19 on China Construction Machinery Market Industry

8. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **

  • 8.1. Kabelco
  • 8.2. Tadano
  • 8.3. XCMG
  • 8.4. Liebherr Corp
  • 8.5. Sany Group
  • 8.6. China Communications Construction Company
  • 8.7. Zoomlion
  • 8.8. Volvo CE
  • 8.9. Caterpillar Inc
  • 8.10. Other prominent players

9. Key Strategic Recommendations

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

Product Code: BWC22143

List of Figures

  • Figure 1 China Construction Machinery Market Segmentation
  • Figure 2 China Construction Machinery Market Value Chain Analysis
  • Figure 3 Company Market Share Analysis, 2021
  • Figure 4 China Construction Machinery Market Size, By Value (USD Million), 2018-2028
  • Figure 5 China Construction Machinery Market Share, By Type, By Value, 2018-2028
  • Figure 6 China Construction Machinery Market Share, By Application, By Value, 2018-2028
  • Figure 7 China Construction Machinery Market Share, By Equipment Category, By Value, 2018-2028
  • Figure 8 China Construction Machinery Market Share, By Propulsion Type, By Value, 2018-2028

List of Tables

  • Table 1 China Construction Machinery Market Size, By Equipment Type, By Value, 2018-2028
  • Table 2 China Construction Machinery Market Size, By Application, By Value, 2018-2028
  • Table 3 China Construction Machinery Market Size, By Equipment Category, By Value, 2018-2028
  • Table 4 China Construction Machinery Market Size, By Propulsion Type, By Value, 2018-2028
  • Table 5 Kobelco Company Overview
  • Table 6 Kobelco Financial Overview
  • Table 7 XCMG Company Overview
  • Table 8 XCMG Financial Overview
  • Table 9 Liebherr Corp Company Overview
  • Table 10 Liebherr Corp Financial Overview
  • Table 11 Sany Group Company Overview
  • Table 12 Sany Group Financial Overview
  • Table 13 China Communications Construction Company Company Overview
  • Table 14 China Communications Construction Company Financial Overview
  • Table 15 Zoomlion Company Overview
  • Table 16 Zoomlion Financial Overview
  • Table 17 Volvo CE Company Overview
  • Table 18 Volvo CE Financial Overview
  • Table 19 Caterpillar Inc Company Overview
  • Table 20 Caterpillar Inc Financial Overview
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Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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