Spring is back, and the earth is full of vitality. China's construction machinery industry is also welcoming signs of recovery.
According to research reports from relevant industries, my country's import and export trade volume of construction machinery in January-February 2025 was US$8.426 billion, a year-on-year increase of 7.27%; of which the import amount was US$418 million, a year-on-year increase of 9.16%; the export amount was US$8.009 billion, a year-on-year increase of 7.17%; as the "barometer" of the construction machinery industry, the steady growth in excavator sales stimulated the overall demand for the construction machinery industry, domestic sales continued to grow, and exports rose year-on-year. In March, the China Construction Machinery Market Index (CMI) was 128.56, a year-on-year increase of 18.28% and a month-on-month increase of 20.51%.
In order to accelerate the leading role of the construction machinery industry, the country has made a series of policy adjustments. For example, in the "Government Work Report" passed during the 2025 Two Sessions, it will be planned to arrange 4.4 trillion yuan of local government special bonds; intensify the implementation of urban villages and dilapidated housing renovation to release the potential of rigid and improved housing demand. The State Council has stepped up efforts to expand equipment renewal. Affected by the renewal + environmental protection + subsidy policies, it is expected to accelerate the replacement process of old equipment in the industry. It is expected that the demand for equipment renewal in various industries will gradually increase this year.
Driven by the global economic recovery and the acceleration of infrastructure investment, the construction machinery market has shown a trend of continuous expansion. For example, Southeast Asia and the Middle East are in the period of accelerated industrialization. The transfer and development of infrastructure, mining, and manufacturing industries have spawned a large demand for machinery. Chinese companies use their geographical advantages, national trade support, and the influence of RCEP to provide efficient and high-quality machines and services. Many companies have occupied a stable sales advantage in foreign markets. For example, XCMG Group has established a wide sales and service network around the world and designed products for the special environment of the Middle East. It has strong market performance and its market share of large-scale construction machinery has steadily increased.
Driven by the dual engines of these policy dividends and the recovery of market demand, my country's construction machinery industry is accelerating into the fast lane of recovery and has become a driving force for the overall improvement of China's economy.
