Construction Machinery Industry in China Anticipates Steady Growth with a 4% Compound Growth Rate
China, 8th Sep 2023 – The Structural Parts Manufacturer in China is on the brink of a sustained period of expansion over the upcoming years, aligning with the objectives laid out in the “14th Five-Year Plan.” The convergence of these objectives with the present industry landscape points to an anticipated compounded annual growth rate of 4% for China’s construction machinery market from 2023 to 2028. This forecast underscores the sector’s durability and its essential contribution to the nation’s infrastructure advancement. The industry is preparing for substantial milestones, with predictions indicating that by 2028, the market’s valuation will exceed one trillion yuan, marking a remarkable accomplishment for the construction machinery domain.
The projected growth of China’s construction ...