China Material Handling Construction Equipment Market Overview, 2029

China's market for construction equipment has grown significantly in the last several decades. China, one of the biggest construction markets in the world, has witnessed an increase in urbanisation, infrastructure development, and industrialization, all of which have fueled the need for construction equipment. Numerous pieces of machinery, including loaders, cranes, bulldozers, and excavators, are available in this market and are necessary for a variety of construction tasks. China surpassed the US to become the largest market for construction equipment worldwide by 2010. Growth persisted between 2011 and 2015, but more slowly as a result of economic changes and initiatives to reduce overcapacity in specific industries. China's construction equipment market started to grow quickly in the early 2000s, driven by the nation's economic expansion and significant government investment in infrastructure projects including roads, trains, and urban development. In 2020, the COVID-19 pandemic initially created a downturn, but continuing infrastructure projects and government stimulus packages helped the market rebound fast. The development of technology has had a significant impact on the Chinese market for construction equipment. Construction operations are becoming more efficient, precise, and safe thanks to innovations like telematics, GPS-based machine control systems, and autonomous machinery. The growing demand for sustainability and the tightening of environmental restrictions have led to an increase in the use of electric and hybrid construction equipment. Cranes, excavators, loaders, and road machinery are just a few of the many pieces of equipment that XCMG manufactures as one of the biggest producers of construction equipment in China. Recognised for its excavators, cranes, concrete equipment, and road equipment, Sany is another major competitor in the Chinese construction equipment industry. According to the research report "China Material Handling Construction Equipment Market Overview, 2029," published by Bonafide Research, the China Material Handling Construction Equipment market was valued at more than USD 3 Billion in 2023. The market for construction equipment in China has grown rapidly due to a number of important factors. Projects aimed at developing infrastructure, including the Belt and Road Initiative (BRI), have greatly increased demand for construction equipment nationwide. Market development is further aided by government expenditures in urbanisation initiatives, such as industrial parks and smart cities. The rising usage of automation, IoT integration, and telematics has a significant impact on operational efficiency and safety requirements. Furthermore, market trends are being shaped by sustainability concerns, with an increasing focus on environmentally and energy-efficiently friendly equipment. To take advantage of these prospects, major firms are concentrating on innovation and forming strategic alliances, establishing China as a key centre for the development and innovation of construction equipment in the global market environment.

Material handling equipment is an essential component of many construction projects in the China, according to the market for construction equipment. Below is a summary of the main categories: On building sites, dump trucks, tippers and dumpers are necessary for moving loose materials like gravel, sand and demolition waste. Rigid dump trucks offer greater stability and load capacities on smoother roads, whereas articulated dump trucks are more manoeuvrable in rugged terrain. They are frequently employed in construction and earthmoving operations to effectively move materials from excavation sites to disposal locations. On construction sites, cranes are essential for lifting and moving large objects like machinery and supplies. Tower cranes, which have great lifting capacity and reach, are frequently used in the construction of towering buildings. When necessary, mobile cranes may be moved about a building site to accommodate various needs. They are versatile and mobile equipment. With telescoping booms that may extend and retract to reach a variety of heights and distances, masteted machines are versatile devices that combine the functions of cranes and forklifts. They are employed in palletized products handling, truck loading, and material lifting and placement. Material handling in warehouses, distribution centres and building sites need forklifts. They are employed for short-distance lifting and moving of large pallets, machinery, and supplies. There are many different kinds of forklifts, such as diesel or electric counterbalance forklifts and rough terrain forklifts with pneumatic tyres for usage on uneven outdoor areas. The rapid growth of e-commerce in China has spurred demand for efficient warehouse operations and last-mile delivery solutions. This has led to increased investment in MHE technologies that can handle high-volume and diverse product ranges efficiently. The Chinese government has implemented various initiatives to support the development of the MHE sector. These include subsidies for the adoption of advanced technologies, tax incentives for green equipment, and infrastructure investments to improve logistics and warehousing capabilities. The MHE market in China is witnessing consolidation among manufacturers, with larger companies investing in research and development to innovate and stay competitive. Technological advancements such as cloud computing, big data analytics, and machine learning are being leveraged to further enhance operational efficiency and customer service. Environmental sustainability is a key focus area. China has implemented policies promoting energy-efficient and low-emission equipment. This includes incentives for the adoption of electric-powered MHE and stricter emissions standards to reduce environmental impact. Considered In the Report • Base year: 2023 • Historical year: 2018 • Estimated year: 2024 • Forecasted year: 2029 Aspects Covered In the Report • Market Size By Value for the historic time period (2016-2021) • Market Size By Value for the forecast time period (2021-2027) • Market Share by Application (2016, 2021 & 2027F) • Market Share by Equipments (2016, 2021 & 2027F) • Market Share by Region (2016, 2021 & 2027F) • Market Share by Country (2016, 2021 & 2027F) • Market Share by Company (2021) Segments covered in the Report By Application • Earth Moving Machinery • Material Handling Machinery • Concrete and road construction Machinery • Other Machinery By Material Handling Machinery • Dumper /Dump Truck/ Tippers • Cranes (Tower Crane, Mobile Crane) • Telescopic Handlers • Forklift

The approach of the report: We keep an eye on evolving markets and try to evaluate the potential of the products and services. If we find the market interesting, we start working on it and create the desired table of content, considering all aspects of the business. We start by creating separate questionnaires for C-level executives, national/regional sales personnel, company owners, dealers, distributors, and end-users. Once the questionnaires have been finalized, we start collecting the primary data (mostly through phone calls) and try to understand the market dynamics regionally or tier-wise. This process gives us in-depth details of the market, including all present companies, the top-performing products with reasons why they dominate; we get the details of new players and their innovative approaches; market trends; dynamics; and all the small details of the market. After the collection of primary inputs, we then cross-check the same with secondary sources that include associations, trade journals, annual reports, paid databases, newspapers, magazines, press releases, government sources, etc. From this, we get a rough estimate of the market and start checking existing product price variants, trade, production, raw material scenarios, policies and regulatory landscape, etc. Then, to finalize the market, we start collecting financials of each player present in the market, including limited, private limited, and LLPs. Moreover, we perform cross-industry and cross-region analysis of the product, and based on collected primary inputs and using statistical modeling, we start forecasting the market. We follow our forecasting algorithm, which is unique for each product but gives more weight age to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, PEST analysis, etc. Once the data is verified by the data expert, the team (primary team, content team, and data team) together crosscheck the segmentations, validate the market, and then the designing team starts plotting the graphs. Once the file is ready, the content team completes the report and makes sure that all the discussed points have been covered and provides their valuable inputs in the form of strategic recommendations for new as well as existing players. The QC team then checks the overall report that includes spell check, data verification, and makes the same dispatch ready and error-free. Intended Audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the construction machinery and excavator industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.