In 2025, the global construction machinery market demonstrated strong potential for development. It is predicted that the global construction machinery market size will grow steadily at a compound annual growth rate of 4.3% during the period from 2023 to 2031. In 2024, the global construction machinery market size is expected to reach 201.57 billion US dollars, with overseas markets becoming an important engine for growth. Chinese construction machinery enterprises have been accelerating their expansion into overseas markets thanks to technological innovation and the impetus of the Belt and Road Initiative. The overseas business revenues of companies such as Sany Heavy Industry and Zoomlion have continued to rise. Meanwhile, the development of electrification and intelligent technologies has also brought new growth points to the industry. In the future, the construction machinery market will pay more attention to the research and application of green, efficient and intelligent equipment.
The global construction machinery market is embracing new opportunities
2025 04/29