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Wheeled loader sales in China have fallen along with those all other equipment types. However, the impact of the downturn has not been as severe in this segment.
Turmoil in the real estate segment had a major impact on equipment sales in 2022 and the issues will take time to fix
Having reached an extraordinary peak of almost 55,000 mobile cranes sold in China in 2020, demand for these machines is continuing to cool as the economy slows.
Sales this year are likely to be half what they were in 2022.
In the face of a market which is expected to almost halve in size this year, the dump truck segment provides perhaps the only ray of light in the Chinese equipment industry.
International Construction has released a new podcast in which Off-Highway Research managing director Chris Sleight talks to editor Andy Brown about the current downturn in the Chinese market.
The Chinese, Indian & International Database Services, the Global Volume & Value Service and Customer Groups Database Service have been updated with revised forecasts for 2022-2026.
Our updated-outlook for 2022 is for a -38 per cent fall in sales, from the highs of 2020 and 2021.
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