Forecast of operating income of construction machinery industry in 2024

  With the implementation and promotion of the "Belt and Road" economic strategy, the national new urbanization planning, railway and urban rail transit planning, social security housing construction and other policies, the construction machinery industry has ushered in a golden growth period. The "2022-2027 China Construction machinery market demand forecast and development trend Outlook Report" released by the China Business Industry Research Institute shows that the domestic construction      machinery industry in 2022 is in a downward adjustment period, superimposed macroeconomic growth slowdown, the lack of effective engineering operating rate and other factors, the domestic construction machinery market demand has decreased significantly. In 2022, the operating income of construction machinery fell to 850 billion yuan. China Business Industry Research Institute analysts predict that the construction machinery market will gradually recover in 2023, and the operating income will reach 917 billion yuan, and further increase to 945.5 billion yuan in 2024.