The market is dominated by domestic suppliers, as imports account for 1.3% of total market size in 2022. B2B drives market demand, with B2B spending representing 100% of total demand in 2022. China has the largest market size for machinery for construction, mining and quarrying regionally, with demand reaching USD148 billion in 2022. Sany Heavy Industry Co Ltd is the largest company in China, generating 6.3% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 13.8% of total production value in 2022. The total number of companies decreases in 2022, to 46,761 units. The costs of the industry decrease by 6.6% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 7.7% of production value in 2022, the 17th highest regionally. The industry’s exports share increases in 2022 to 14.1% of total production output. With production value of USD160 billion, China accounts for 75.6% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Machinery for Construction, Mining and Quarrying in China: ISIC 2924. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Machinery for Construction, Mining and Quarrying in China: ISIC 2924 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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