With the continued support of China's national policies and the gradual recovery of market demand, China's construction machinery industry is expected to continue to maintain stable growth in 2025.
With the continued support of China's national policies and the gradual recovery of market demand, China's construction machinery industry is expected to continue to maintain stable growth in 2025. The market size is expected to reach RMB 910 billion, and the global market is also showing a trend of continuous growth. Intelligence, greenness and internationalization have become the three core trends in industry development. This article will analyze the main development directions and potential opportunities of China's construction machinery industry in 2025.
1. Market size and growth
In recent years, China's construction machinery industry has experienced cyclical fluctuations, but driven by the dual driving force of policy and market demand, the industry has shown a clear recovery momentum. According to statistics, the industry's operating income reached 849 billion yuan in 2023, and is expected to reach 876.6 billion yuan in 2024, and further increase to 910 billion yuan in 2025. Behind this growth is inseparable from the support of national policies and strong demand for infrastructure construction.
From the perspective of the global market, global construction machinery market sales are expected to reach US$131.01 billion in 2024 and will grow steadily in 2025. By 2030, the global market size is expected to reach US$165.67 billion, with an annual compound growth rate of 3.5%. As countries around the world increase infrastructure construction and urbanization, the global construction machinery market will continue to expand, especially the internationalization process of Chinese companies will accelerate the overall development of the industry.
2. Accelerate the transformation of intelligence and green
Intelligence and greening have become important development directions for China's engineering machinery industry. With the increasing strictness of environmental protection regulations and the increasing demand for sustainable development in society, the demand for green and energy-saving machinery and equipment will continue to increase. It is expected that by 2025, more and more engineering machinery companies will increase their investment in research and development in intelligent control, remote monitoring and energy-saving and environmentally friendly technologies, and promote product structural optimization and technological upgrading.
The "2023 China Manufacturing Power Development Index Report" shows that intelligence and greening have been listed as the core development goals of the construction machinery industry. Chinese engineering machinery companies are accelerating their transformation to intelligence and greenness, and gradually launching electrified and intelligent products to meet the increasing needs of the market and customers. Xiamen Teder Industrial Co., Ltd. (TDER) has actively made arrangements in this field and launched green and environmentally friendly equipment such as electric skid loaders and electric excavators, contributing to promoting the industry's green transformation.
3. International market expansion accelerates
With the deepening of the "Belt and Road" initiative, the pace of internationalization of Chinese engineering machinery enterprises will continue to accelerate. It is expected that China's engineering machinery industry's exports will grow significantly in 2025, especially in emerging markets and developing countries such as Southeast Asia. Chinese companies are enhancing their international competitiveness through overseas mergers and acquisitions, establishing overseas R&D centers, etc. At the same time, the North American market, as the world's largest construction machinery market, will remain stable at a high level, providing Chinese companies with broad market space.
The overseas layout of Chinese engineering machinery companies is not only reflected in product exports, but also includes technological innovation and brand building. Tedel's continued expansion in overseas markets, especially in-depth development in Asia, America and Europe, is gradually achieving full coverage of global business.
4. Diversified market demand
In 2025, the market demand in the construction machinery industry will show a more diversified trend. In the domestic market, with the acceleration of urbanization and the advancement of infrastructure construction, especially the implementation of new urbanization, the demand for basic equipment such as excavation machinery, loading machinery and concrete machinery will continue to grow. This not only includes large-scale infrastructure projects, but also covers the application of small construction machinery in urban construction.
The demand in the international market is more diversified. Due to the different infrastructure construction stages, the types of demand for construction machinery vary in different regions. For example, the demand for infrastructure construction in Asia and Africa is concentrated in the mining of roads, bridges and mineral resources, while Europe and the United States have more demands on high-tech and high-efficiency equipment, which has promoted the growth of demand for intelligent and automated machinery and equipment.
Looking ahead to 2025, the construction machinery industry will usher in a period of transformation driven by dual technological innovation and market demand. Intelligence, greening and internationalization are not only the key directions of future development, but also the core elements of industry competition. Tedel will continue to deepen technological research and development, accelerate the launch of intelligent and green products, and at the same time expand the international market, enhance product competitiveness, and provide global customers with more efficient and environmentally friendly mechanical solutions.
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