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The last decade has seen crawler excavators overtake wheeled loaders as the construction machine of choice in China. However, demand for wheeled loaders in the country remains enormous at more than 100,000 units per year.
The market will rise this year, but with a slowdown coming in roadbuilding, other sectors will rise in importance over the medium term.
A new edition of our bi-annual Global Construction Equipment Markets study is now available, featuring updated forecasts. The report is available to ALL Off-Highway Research clients, while non-clients can request a copy by completing an online form.
Sales of construction equipment in China grew 30 per cent last year to take the market to levels not seen since the last stimulus-driven boom of 2010-2011. Further modest growth in 2021 is forecast to take demand over the 500,000 unit mark for the first time.
Record mobile crane sales and production will be seen in China this year for the second year running.
A new video has been published to help clients find the quickest route to their data and report subscriptions with Off-Highway Research
Revised forecasts in our Chinese, Indian, International and Global Volume & Value databases are accompanied by new editions of our Global Market Review and Covid-19 Update
State investment designed to combat the economic impacts of the Covid-19 pandemic in China will see equipment sales rise 14 per cent this year. However, sales of excavators across all types and classes will rise 21 per cent.