Construction Equipment in China is booming as the government introduced a stimulus plan in the 13th

       The Construction market in China is booming as the government is making efforts to bring it on par with the other emerging and developed countries in terms of infrastructure. Investments being made in the construction industry have been increasing drastically. One of the primary focuses of the 13th five-year plan (2016-2020) is on developing the construction sector in the country. NDRC has approved 55 major construction projects in the country. Out of the total approved projects, nearly 50% consist of railway projects. These large investments will not only drive the entire Earthmoving Equipment market in China but also boost the construction industry across the country.R&K's analysts forecast the Construction market in China to grow at a CAGR of 6.5% over the period 2016-2020.

      China is one of the largest manufacturing and consuming countries of building construction equipment. Over the five years to 2015, revenue has been increasing at an annualized rate of 2.9%.

       Industry growth has been volatile during the past five years. The Construction Equipment Manufacturing industry in China grew strongly from 2011 to 2015, with surging domestic demand. Most of the operators in this industry invested heavily in building new plants and in acquisitions in order to expand product categories and production capacity. In 2015, as the whole economy slowed, market demand decreased and industry revenue declined 10.3% in 2015. With the economic recovery in 2015, revenue increased slightly by 3.0% to total $81.3 billion

       In 2015, China began to construct high-speed railways and additional public housing on a large scale, which created great demand for building construction equipment. As brands such as Sany and Zoomlion became more influential in the global market, export demand increased, which contributed to industry growth.