China Construction Equipment Market Share

Market Share of China Construction Equipment Industry

The Chinese construction equipment market is highly fragmented. The market is dominated by local players such as Sany, XCMG, Zoomlion, Liugong, and Shantui. etc. Since numerous international and regional players characterize the construction machinery market, construction manufacturers are trying to edge over their competitors by making joint ventures and launching new products with advanced technology. For instance,

• September 2022: The ZAT24000H is a heavy-duty crane with a capacity of over 2000 tons that Zoomlion specifically built for hoisting wind power equipment. It was the world's greatest tonnage all-terrain crane as soon as it rolled off the production line. This product can fully cover the installation requirements of fans with a height of 160 m or less and has strong hoisting performance, high convenience, and wide adaptability to various working conditions due to its unique structural design and control system, which is powered by digital and intelligent technology.
• September 2022: Shantui Construction Machinery Co. Ltd launched the world's first autonomous, unmanned bulldozer. The bulldozer is jointly developed by Shantui Construction Machinery Co. Ltd and Huazhong University of Science and Technology (HUST).

China Construction Equipment Market Leaders

1. Sany heavy industry Co. Ltd.

2. Xuzhou Construction Machinery Group Co., Ltd.

3. Zoomlion Heavy Industry Science and Technology Co., Ltd.

4. LiuGong, officially Guangxi LiuGong Machinery Co., Ltd.

5. Shantui Construction Machinery Co., Ltd.

*Disclaimer: Major Players sorted in no particular order