
Global & China Heavy Construction Equipment Market to 2031
Description
China’s construction and infrastructure sector has experienced significant transformation fueled by rapid economic growth and the country’s rise as a global economic powerhouse. As one of the world’s largest construction markets, China continues to see extensive development across various infrastructure segments.
In March 2024, the Chinese government set a target to invest US$173 billion (CNY 1.2 trillion) in transport infrastructure projects by the end of the year. Additionally, the Yangtze River Delta region announced a US$19.6 billion (CNY 140 billion) investment to undertake 32 railway infrastructure projects. Earlier in February 2024, Shanghai’s government revealed plans to launch 24 projects with a total investment of US$5.8 billion (CNY 42.1 billion).
According to the national transportation network plan, China aims to increase its number of airports from approximately 240 in 2022 to 400 by 2035. The Civil Aviation Administration of China (CAAC) notes that 32 major airports are currently operating over capacity, and 40 of the 50 largest airports require renovation or expansion. China’s 14th Five-Year Plan includes 140 airport-related projects involving new construction, relocation, upgrades, and expansions, all expected to be completed by 2025. With continued investment and a strong emphasis on innovation, China is steadily advancing its construction sector to meet growing development demands, positively influencing the heavy construction equipment market.
The Chinese government remains a key driver of heavy construction equipment demand through its extensive infrastructure programs. Initiatives such as the Belt and Road Initiative (BRI), Made in China 2025, and the 13th Five-Year Plan emphasize large-scale projects spanning highways, railways, airports, ports, and bridges. These projects are vital to China’s economic growth and rely heavily on construction machinery for site preparation, building, and ongoing maintenance.
In March 2024, the Chinese government set a target to invest US$173 billion (CNY 1.2 trillion) in transport infrastructure projects by the end of the year. Additionally, the Yangtze River Delta region announced a US$19.6 billion (CNY 140 billion) investment to undertake 32 railway infrastructure projects. Earlier in February 2024, Shanghai’s government revealed plans to launch 24 projects with a total investment of US$5.8 billion (CNY 42.1 billion).
According to the national transportation network plan, China aims to increase its number of airports from approximately 240 in 2022 to 400 by 2035. The Civil Aviation Administration of China (CAAC) notes that 32 major airports are currently operating over capacity, and 40 of the 50 largest airports require renovation or expansion. China’s 14th Five-Year Plan includes 140 airport-related projects involving new construction, relocation, upgrades, and expansions, all expected to be completed by 2025. With continued investment and a strong emphasis on innovation, China is steadily advancing its construction sector to meet growing development demands, positively influencing the heavy construction equipment market.
The Chinese government remains a key driver of heavy construction equipment demand through its extensive infrastructure programs. Initiatives such as the Belt and Road Initiative (BRI), Made in China 2025, and the 13th Five-Year Plan emphasize large-scale projects spanning highways, railways, airports, ports, and bridges. These projects are vital to China’s economic growth and rely heavily on construction machinery for site preparation, building, and ongoing maintenance.
Table of Contents
100 Pages
- 1. Introduction
- 1.1 Report Guidance
- 1.2 Market Segmentation
- 2. Executive Summary
- 2.1 Key Insights
- 3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Data Triangulation and Validation:
- 4. China Heavy Construction Equipment Market Landscape
- 4.1 Overview
- 4.2 Ecosystem Analysis
- 4.2.1 List of Vendors in the Value Chain
- 5. Heavy Construction Equipment Market Key Market Dynamics
- 5.1 Heavy Construction Equipment Market – Key Market Dynamics
- 5.2 Market Drivers
- 5.3 Market Restraints
- 5.4 Market Opportunities
- 5.5 Future Trends
- 5.6 Impact of Drivers and Restraints
- 6. China Heavy Construction Equipment Market – Analysis
- 6.1 China Heavy Construction Equipment Market Revenue (US$ Million), 2021–2031
- 6.2 China Heavy Construction Equipment Market Revenue and Forecast Analysis
- 7. China Heavy Construction Equipment Market Analysis – by Type
- 7.1 China Heavy Construction Equipment Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Type
- 8. China Heavy Construction Equipment Market Analysis – by Power Output
- 8.1 China Heavy Construction Equipment Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Power Output
- 9. China Heavy Construction Equipment Market Analysis – by Propulsion Type
- 9.1 China Heavy Construction Equipment Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Propulsion Type
- 10. China Heavy Construction Equipment Market Analysis – by End-use Industry
- 10.1 China Heavy Construction Equipment Market – Revenue and Forecast, 2021–2031 (US$ Million) – by End-use Industry
- 11. Competitive Landscape
- 11.1 Heat Map Analysis by Key Players
- 11.1 Company Positioning and Concentration
- 12. Industry Landscape
- 12.1 Overview
- 12.2 Market Initiative
- 12.2 Partnerships and Collaborations
- 12.2 Other Developments
- 13. Company Profiles
- 13.1 AB Volvo
- 13.1. 1 Key Facts
- 13.1. 2 Business Description
- 13.1. 3 Products and Services
- 13.1. 4 Financial Overview
- 13.1. 5 SWOT Analysis
- 13.1. 6 Key Developments
- 13.2 Caterpillar Inc
- 13.2. 1 Key Facts
- 13.2. 2 Business Description
- 13.2. 3 Products and Services
- 13.2. 4 Financial Overview
- 13.2. 5 SWOT Analysis
- 13.2. 6 Key Developments
- 13.3 Komatsu Ltd
- 13.3. 1 Key Facts
- 13.3. 2 Business Description
- 13.3. 3 Products and Services
- 13.3. 4 Financial Overview
- 13.3. 5 SWOT Analysis
- 13.3. 6 Key Developments
- 13.4 Hitachi Construction Machinery Co Ltd
- 13.4. 1 Key Facts
- 13.4. 2 Business Description
- 13.4. 3 Products and Services
- 13.4. 4 Financial Overview
- 13.4. 5 SWOT Analysis
- 13.4. 6 Key Developments
- 13.5 Liebherr-International AG
- 13.5. 1 Key Facts
- 13.5. 2 Business Description
- 13.5. 3 Products and Services
- 13.5. 4 Financial Overview
- 13.5. 5 SWOT Analysis
- 13.5. 6 Key Developments
- 13.6 Terex Corp
- 13.6. 1 Key Facts
- 13.6. 2 Business Description
- 13.6. 3 Products and Services
- 13.6. 4 Financial Overview
- 13.6. 5 SWOT Analysis
- 13.6. 6 Key Developments
- 13.7 Doosan Corp
- 13.7. 1 Key Facts
- 13.7. 2 Business Description
- 13.7. 3 Products and Services
- 13.7. 4 Financial Overview
- 13.7. 5 SWOT Analysis
- 13.7. 6 Key Developments
- 13.8 Deere & Co
- 13.8. 1 Key Facts
- 13.8. 2 Business Description
- 13.8. 3 Products and Services
- 13.8. 4 Financial Overview
- 13.8. 5 SWOT Analysis
- 13.8. 6 Key Developments
- 13.9 Sany Heavy Industry Co Ltd
- 13.9. 1 Key Facts
- 13.9. 2 Business Description
- 13.9. 3 Products and Services
- 13.9. 4 Financial Overview
- 13.9. 5 SWOT Analysis
- 13.9. 6 Key Developments
- 13.10 J C Bamford Excavators Ltd
- 13.10. 1 Key Facts
- 13.10. 2 Business Description
- 13.10. 3 Products and Services
- 13.10. 4 Financial Overview
- 13.10. 5 SWOT Analysis
- 13.10. 6 Key Developments
- 13.11 Hyundai Engineering & Construction Co Ltd
- 13.11. 1 Key Facts
- 13.11. 2 Business Description
- 13.11. 3 Products and Services
- 13.11. 4 Financial Overview
- 13.11. 5 SWOT Analysis
- 13.11. 6 Key Developments
- 14. Appendix
- 14.1 About Business Market Insights
- 14.2 List of Abbreviations
- TABLE OF TABLES
- Table 1. China Heavy Construction Equipment Market Segmentation
- Table 2. List of Vendors
- Table 3. China Heavy Construction Equipment Market – Revenue, 2021–2024 (US$ Million)
- Table 4. China Heavy Construction Equipment Market – Revenue Forecast, 2025–2031 (US$ Million)
- Table 5. China Heavy Construction Equipment Market – Revenue, 2021–2024 (US$ Million) – by Type
- Table 6. China Heavy Construction Equipment Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
- Table 7. China Heavy Construction Equipment Market – Revenue, 2021–2024 (US$ Million) – by Power Output
- Table 8. China Heavy Construction Equipment Market – Revenue Forecast, 2025–2031 (US$ Million) – by Power Output
- Table 9. China Heavy Construction Equipment Market – Revenue, 2021–2024 (US$ Million) – by Propulsion Type
- Table 10. China Heavy Construction Equipment Market – Revenue Forecast, 2025–2031 (US$ Million) – by Propulsion Type
- Table 11. China Heavy Construction Equipment Market – Revenue, 2021–2024 (US$ Million) – by End-use Industry
- Table 12. China Heavy Construction Equipment Market – Revenue Forecast, 2025–2031 (US$ Million) – by End-use Industry
- Table 13. List of Abbreviations
- TABLE OF FIGURES
- Figure 1. Impact Analysis of Drivers and Restraints
- Figure 2. China Heavy Construction Equipment Market Revenue, (US$ Million), 2021–2031
- Figure 3. Heat Map Analysis by Key Players
- Figure 4. Company Positioning and Concentration
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