China Surges Past US as Largest Buyer of Construction Equipment

81% sales growth last year re-establishes China as the world's largest construction equipment market, says Off-Highway Research

Off-Highway Research
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Construction equipment sales in China grew by a remarkable 81% last year, signalling the end of a painful five-year recession, according to specilist market research and forecasting company Off-Highway Research. A total of 251,369 pieces of construction equipment were sold in China in 2017, compared to 138,582 in the previous year. This re-established China ahead of the US as the largest construction equipment market in the world in volume terms.

The Chinese market began to recover in the second half of 2016, but the sharp growth of 81% in 2017 exceeded previous expectations.

Learn more about China's Surge here.