Construction machinery

In China, the construction machinery market is one of the major non-road machinery markets. Construction vehicles are widely used in construction, road maintenance, loading and unloading operations, etc. As of May 2023, China has more than 900 construction machinery manufacturers.

Diesel is the fuel predominantly used in China’s construction machinery. However, there is a growing trend of small net-power construction machines, including forklifts, short-distance loaders and excavators. Increasingly, these machines are transitioning to the use of electricity, as new energy vehicles (NEV). In 2022, sales of pure electric forklifts reached 674,782 units, accounting for 64.4% of all forklift sales in 2022. In addition, leading construction machinery companies like SANY He