The China Construction Machinery Industry Association has released sales data for major construction machinery products in 2023.
Overall, the Chinese construction machinery industry remained in an adjustment cycle in 2023. Looking ahead to 2024, it is widely believed within the industry that with the gradual manifestation of policy effects and the continuous growth of domestic demand, the industry is expected to enter a phase of stable recovery.
Among the 12 categories of sales announced by the China Construction Machinery Industry Association, the overall sales of 8 categories of products including excavators, loaders, bulldozers, truck cranes, crawler cranes, tower cranes, road rollers, and pavers declined, while the sales of 4 categories of products including mobile cranes, forklifts, lifting work platforms, and aerial work vehicles showed growth compared to 2022.