China Concrete & Road Equipment Market Overview, 2029

The market for construction equipment in China has experienced substantial change in recent decades due to the country's fast industrialization, urbanisation, and infrastructural growth. Significant expenditures in national road and concrete building projects have helped to support this economic trajectory. With China's ongoing urbanisation and transportation network expansion, there will be a significant increase in demand for sophisticated construction equipment, especially in the concrete and road building industries. Integrating smart technology and sustainable practices is the key to future opportunities in China's road and concrete building industries. New technologies like computerised construction software, automated equipment, and improved building materials should boost productivity, shorten construction schedules, and have a negligible effect on the environment. The changing environment offers both local and foreign firms great chances to work together on creative solutions catered to China's particular requirements. Under programmes like the Belt and Road Initiative, the nation will likely continue to place a high priority on infrastructure development, which will drive up demand for advanced construction equipment that can fulfil strict sustainability and efficiency criteria. According to the research report "China Concrete and road construction Market Overview, 2029," published by Bonafide Research, the China Concrete and road construction market is anticipated to grow at more than 8.6% CAGR from 2024 to 2029. Two key factors driving the concrete and road building industry in China are the expansion of infrastructure and technical developments. The landscape of the sector is changing due to technological improvements. To increase productivity and sustainability, China is adopting new building methods, supplies, and machinery. Over the course of the infrastructure lifespan, advanced concrete technologies are being used to increase durability and save maintenance costs. Examples of these technologies include self-healing concrete and high-performance additives. Additionally, project management is being optimised and operational transparency is being increased by the deployment of digital technologies such as Building Information Modelling (BIM) and Internet of Things-enabled construction equipment. These developments highlight China's strategic emphasis on technical innovation in the concrete and road building industries, as well as infrastructure upgrading. Building methods are predicted to change in the future as the nation invests more in digital transformation and sustainable development, which will spur more growth.

In the construction equipment market, specifically in concrete and road construction segments in the China, several key types of equipment are vital for various stages of projects: Cement / Transit Mixers are essential for transporting and mixing cement and concrete at construction sites. Transit mixers have rotating drums that keep the concrete agitated during transport to prevent setting. They ensure the consistency and quality of concrete mixes delivered to construction sites, crucial for both small and large-scale projects. Compactors and road rollers are used to compact soil, gravel, asphalt, and concrete surfaces to achieve desired density and smoothness. Vibratory compactors and static rollers are commonly employed for road construction, ensuring proper compaction to enhance durability and load-bearing capacity of pavements and foundations. Pavers and asphalt finishers are specialized machines used for laying and finishing asphalt or concrete pavements. They distribute and shape asphalt or concrete mixes evenly across designated areas, ensuring uniform thickness and smooth surface finishes. Several other equipment includes concrete pumps, which are used to transport and distribute liquid concrete at construction sites, reducing labor-intensive manual pouring. Road planers or milling machines are employed to remove old pavement layers, preparing surfaces for resurfacing or rehabilitation projects. Road sweepers play a role in maintaining cleanliness and safety by clearing debris and dust from paved surfaces. China's extensive high-speed rail network expansion necessitates robust concrete and road infrastructure to support its growing transportation needs. This sector is a significant driver of concrete demand for railway construction and related facilities. China is increasingly adopting advanced technologies in concrete production and road construction. This includes innovations in materials science, such as high-performance concrete and smart road technologies that enhance durability, safety, and maintenance efficiency. Megaprojects like the Belt and Road Initiative (BRI) and urban redevelopment projects drive significant investments in concrete and road construction across the country. Rapid urbanization in China's major cities fuels demand for infrastructure development. Government policies play a crucial role in shaping the industry. Policies aimed at improving construction quality, enhancing infrastructure connectivity, and promoting sustainable development guide the direction of concrete and road construction practices in China. China is increasingly adopting advanced technologies in concrete production and road construction. China continues to invest heavily in infrastructure, including roads, highways, bridges, and urban development projects. Considered In the Report • Base year: 2023 • Historical year: 2018 • Estimated year: 2024 • Forecasted year: 2029

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Manmayi Raval

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Aspects Covered In the Report • Market Size by Value for the historic time period (2018-2023) • Market Size by Value for the forecast time period (2023-2029) • Market Share by Application (2018, 2023 & 2029F) • Market Share by Equipment (2018, 2023 & 2029F) Segments covered in the Report By Application • Earth Moving Machinery • Material Handling Machinery • Concrete and road construction Machinery • Other Machinery By Concrete and Road Construction Machinery • Cement/Transit mixers • Compactors & Road Rollers • Pavers/Asphalt Finishers • Others

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The approach of the report: We keep an eye on evolving markets and try to evaluate the potential of the products and services. If we find the market interesting, we start working on it and create the desired table of content, considering all aspects of the business. We start by creating separate questionnaires for C-level executives, national/regional sales personnel, company owners, dealers, distributors, and end-users. Once the questionnaires have been finalized, we start collecting the primary data (mostly through phone calls) and try to understand the market dynamics regionally or tier-wise. This process gives us in-depth details of the market, including all present companies, the top-performing products with reasons why they dominate; we get the details of new players and their innovative approaches; market trends; dynamics; and all the small details of the market. After the collection of primary inputs, we then cross-check the same with secondary sources that include associations, trade journals, annual reports, paid databases, newspapers, magazines, press releases, government sources, etc. From this, we get a rough estimate of the market and start checking existing product price variants, trade, production, raw material scenarios, policies and regulatory landscape, etc. Then, to finalize the market, we start collecting financials of each player present in the market, including limited, private limited, and LLPs. Moreover, we perform cross-industry and cross-region analysis of the product, and based on collected primary inputs and using statistical modelling, we start forecasting the market. We follow our forecasting algorithm, which is unique for each product but gives more weight age to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, PEST analysis, etc. Once the data is verified by the data expert, the team (primary team, content team, and data team) together crosscheck the segmentations; validate the market, and then the designing team starts plotting the graphs. Once the file is ready, the content team completes the report and makes sure that all the discussed points have been covered and provides their valuable inputs in the form of strategic recommendations for new as well as existing players. The QC team then checks the overall report that includes spell check, data verification, and makes the same dispatch ready and error-free. Intended Audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the construction machinery and excavator industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.