Side Cutters 202-70-63161 Excavator ForKomatsu PC138

Side Cutters 202-70-63161 Excavator  ForKomatsu PC138

2025 Construction Machinery Industry Market Forecast

2025 Construction Machinery Industry Market Forecast (as of August 2025)

I. Domestic Market Performance

Overall Growth Outlook

Annual growth is projected at 15%, driven primarily by sustained infrastructure investment and local government special bonds.

January-May excavator sales rose 17.4% year-on-year, while loader sales increased 14.1%.

Average operating hours for key products in July increased by 4.58% month-on-month, indicating a rebound in end-user demand

Segment Highlights

Electric loader sales surged 255% year-on-year, achieving a penetration rate of 20.67%

The crane machinery market recorded a compound annual growth rate (CAGR) of 21.2%, emerging as the fastest-growing segment

II. International Market Trends

Export Performance

Exports from January to April reached $18.07 billion, up 9.01% year-on-year.

The African market grew by 44.6%, with robust demand from Belt and Road countries.

Regional Differentiation

European and American markets face short-term pressure due to high interest rates, but green transformation brings new opportunities.

Infrastructure demand remains strong in the Asia-Pacific region (China, India).

III. Technology Drivers

Green Transformation

Explosive growth in electric construction machinery; breakthroughs in hydrogen and methanol technology R&D

Target for new energy share in non-road equipment exceeds 35%

Intelligent Upgrades

Batch deployment of high-end equipment like ultra-large cranes and tunnel boring machines

Significant enhancement in smart manufacturing and digital collaboration capabilities

IV. Risk Indicators

May domestic excavator sales dipped 1.48% YoY; monitor potential demand depletion effects

Global market constrained by geopolitical risks and high interest rates

V. Long-Term Outlook

Dual drivers: domestic equipment renewal cycle (over 60% of equipment entering replacement phase) and environmental policies

Emerging markets' urbanization continues unlocking demand potential