After 50 years of development, China's construction machinery industry has become a significant sector with considerable scale and vigorous growth, capable of producing over 4,500 specifications and models across 18 major categories, basically meeting domestic market demand. In 2005, there were approximately 1,000 large-scale construction machinery manufacturers in China, including 130 wholly foreign-owned or joint-venture enterprises; 300 enterprises with annual sales exceeding 10 million yuan; 100 enterprises with sales exceeding 100 million yuan, totaling 94 billion yuan, accounting for 75% of the industry's total sales; and 23 enterprises with sales exceeding 1 billion yuan, accounting for 50% of the industry's total sales.
For the construction machinery industry, adjusting the product structure is crucial for development. This should begin with focusing on domestic market demand while simultaneously developing products competitive in the international market. For existing competitive products, new varieties should be added to meet the diverse working environments of different regions and climates. Product development should focus on international market standards and the needs of domestic construction projects and rural development, requiring extensive user research and market analysis. Furthermore, special attention should be paid to the structural adjustment and development of engines and key components for construction machinery. Improving the quality of supporting components is one of the keys to upgrading the overall product level.
The demand and growth rate of construction machinery products are strongly correlated with GDP and the scale of basic construction investment. The industry's prosperity and the growth rate of fixed asset investment are basically synchronously and positively correlated. During the "10th Five-Year Plan" period, China's construction machinery consumption accounted for an average of 1.9% of the total social fixed asset investment annually. During the "11th Five-Year Plan" period, the growth rate of fixed asset investment slowed down, and the market capacity expansion was relatively insufficient, indicating that the industry's development will gradually become more rational.
