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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.
Construction equipment sales in China are expected to rise 14 per cent this year according to revised forecasts form Off-Highway Research. The previous expectation was for sales to fall 8 per cent, but stimulus measures in the wake of the Covid-19 pandemic are now expected to reverse this trend.
Construction in China now relies almost entirely on on-highway trucks for hauling applications, making off-road dump trucks purely mining machines.
After decades of road building, China’s stock of highways is set to provide steady demand for asphalt finishers as the market moves more towards maintenance from new build
Our new equipment analysis looks at demand and production in the largest wheeled loader market in the world and discusses pressure on the segment – from the growing popularity of excavators, competition from ‘economical’ machines and the forthcoming China IV emissions laws.
In an exclusive interview, Off-Highway Research's Director of Research in China discusses with KHL Group's editors the return to normal production levels in the Chinese construction equipment industry. More details will follow for Off-Highway Research's clients in our May Market Reports.
The Chinese, European and Indian annual reviews are now available to download for subscribers to the relevant services and databases. An update of the global construction equipment markets overview is also now available and is accessible to all clients.
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