In 1978, China only has 380 construction machinery enterprises with fixed assets of 3.5 billion yuan and total industrial output value of 1.88 billion yuan. From 1978 to the early 1990s, the Ministry of Machinery Industry and other departments coordinated the investment and distribution of the whole industry, laying a foundation for the construction machinery enterprises throughout the country. Sales revenue in 2002 reached 77.3 billion yuan, and sales in 2003 topped 100 billion yuan. Sales volume reached the first in the world in 2007, and sales revenue leaped to the top in the world in 2019. Sales revenue in 2017 was 540.3 billion yuan. From January to October 2018, the sales revenue of key industry-related enterprise groups increased by 13.2% year on year, and it is estimated that the sales revenue of the industry will be about 600 billion yuan in 2018. A large number of construction machinery products, including loaders, excavators, truck cranes, roller, forklift, bulldozers, concrete machinery and so on, have jumped to the top of the world in output, and China has become a major manufacturing country of construction machinery in the world.
Up to now, the construction machinery industry has formed 20 categories, including excavation machinery, earth-shoveling transport machinery, lifting machinery and industrial vehicles. There are 109 groups, 450 types, 1090 series and tens of thousands of types of products. Our country has become one of the countries with the most complete product categories and varieties of construction machinery, which provides the guarantee of construction machinery equipment for China's economic construction.
According to the statistics of the association, in the 10 years from 2002 to 2011, the average annual growth rate of sales revenue of construction machinery industry in China reached 24.6%. The self-sufficiency rate of construction machinery manufactured in China increased from 82.7% at the end of the Tenth Five-Year Plan to 88.5% in 2011 and 94.11% in 2017.
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