With production value of USD159 billion, China accounts for 71.6% of the Asia Pacific total in 2023. The industry’s exports share decreases in 2023 to 14.1% of total production output. The industry’s profitability decreases and stands at 7.7% of production value in 2023, the 17th highest regionally. The costs of the industry decrease by 0.9% in 2023, largely driven by declining B2B costs. The total number of companies remains unchanged in 2023. The industry is fragmented, with the top five companies generating 13.9% of total production value in 2023. Sany Heavy Industry Co Ltd is the largest company in China, generating 6.3% of the industry’s total production value in 2023. China has the largest market size for machinery for construction, mining and quarrying regionally, with demand reaching USD147 billion in 2023. B2B drives market demand, with B2B spending representing 100% of total demand in 2023. The market is dominated by domestic suppliers, as imports account for 1.3% of total market size in 2023.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF.
This Euromonitor industrial report provides unique information on Machinery for Construction, Mining and Quarrying in China: ISIC 2924. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Machinery for Construction, Mining and Quarrying in China: ISIC 2924 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
See All of Our DefinitionsIf you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!