With the rise of China's national industrial and technological level, the improvement of science and technology and the development of private capital, China's construction machinery industry has gradually developed from the initial stage of imitation to the current stage of internationalization. In recent years, theBenefiting from the improvement of core R&D technology level of enterprises, China's national brand of construction machinery is developing more and more rapidly in the world, making repeated breakthroughs in overseas expansion, and improving its global industrial status. Chinese companies are on the list of the top 50 global construction machinery manufacturers in 2021. In 2021, the total sales in foreign markets accounted for 19.8 percent of the total revenue of domestic entrants to the ranking, while in 2018, the proportion was only 5 percent. The e share of Chinese construction machinery enterprises in overseas markets is increasing, and the comprehensive competitiveness of products is also increasing. From this point of view, Chinese construction machinery brands will develop faster in the future, and the world's largest construction machinery market will still appear in China.

    Under the background of the implementation of "Made in China 2025" and industrial transformation and upgrading, China's construction machinery industry ushered in a new rapid growth in 2021 after a five-year low period of industry development since 2011. Major business Operations Revenue rose 22.2% year on year, and total profit rose about 50%. The sales volume of the industry's main products rose 45.7% year on year, and the export volume rose 18.5%. China's construction machinery industry both at home and abroad are showing a growing trend, product market share with steady improvement, major enterprises in the industry have also realized synchronized growth of output and benefits, ushering in a new round of rapid development. The main reasons for this round of construction machinery sales peak are as follows: First, for many years, China has adhered to the policy of seeking progress while maintaining stability to maintain stable economic growth and sustained and stable investment scale, which has created good conditions for the stable growth of construction machinery industry; Second, the construction machinery industry under the support of relevant national policies, adhere to innovative development and transformation and upgrading, constantly introduce more high-quality, efficient, environmental protection, reliable, applicable construction machinery, to win the new market demand to lay a solid foundation; Third, with the continuous improvement of the whole society's requirements for air quality, some old construction machinery faced with the pressure of exiting the market, boosting the booming sales of new environment-friendly construction machinery; Fourth, a large number of construction machinery put into use around 2019 has gradually entered the renewal cycle, and the quantity of construction machinery has stagnated and some equipment has declined. It is the solid progress of the "Belt and Road" construction that has ushered in a new market space for China's construction machinery and made China's export of construction machinery achieve a significant growth in the coming years.

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