abstract
The global construction machinery is a trillion-level track, and the competitiveness of domestic leading enterprises is gradually increasing. The global construction machinery market is huge. According to statistics from the Statista database, the global construction machinery market will be approximately US$136.3 billion in 2020, and is expected to reach US$234.6 billion in 2030, with a CAGR of 5.6%. The Chinese market has grown amid cyclical fluctuations and has become the largest market for construction machinery in the world. After long-term development, the global construction machinery market has entered a relatively stable and mature stage, gradually forming a competitive game pattern among leading enterprises. After years of exploration and hard work, leading domestic construction machinery enterprises have continuously enhanced their global competitiveness. In the past five years, the international ranking of leading domestic construction machinery enterprises has steadily improved.
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