Under the background of the implementation of "Made in China 2025" and industrial transformation and upgrading, Chinese construction equipment industry ushered in an innovative and rapid growth in 2021 after a five-year low period of industry's development since 2011. Major business Operations Revenue increased by 22.2% year on year, and total profit soared 50%. The sales volume of the industry's main product increased by 45.7% year on year, and the export volume increased by 18.5%.

Chinese construction equipment industry both at home and abroad is showing a growing trend, product market share with a steady improvement, major enterprises in the industry have also realized synchronized growth of output and benefits, ushering in a new round of rapid development. 

The main reasons for this round of construction machinery sales peak are as follows:

First, for many years, China has adhered to the policy of seeking progress while maintaining stability to maintain stable economic growth and sustained and stable investment scale, which has created good conditions for the stable growth of construction machinery industry;

Second, the construction machinery industry under the support of relevant national policies, adheres to innovative development and transformation and upgrading, constantly introduce more high-quality, efficient, environmental protection, reliable, applicable construction machinery, to win the new market demand to lay a solid foundation;

Third, with the continuous improvement of the whole society's requirements for air quality, some old construction machinery faced with the pressure of exiting the market, boosting the booming sales of new environment-friendly construction machinery;

Fourth, a large number of construction machinery put into use around 2019 has gradually entered the renewal cycle, and the quantity of construction machinery has stagnated and some equipment has declined.

It is the solid progress of the "Belt and Road" construction that has ushered in a new market space for Chinese construction equipment, so that China's export of construction machinery will realize significant growth in the coming years.