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Construction Equipment Services in China Industry Data and Analysis
The Construction Equipment Services industry has developed steadily over the five years, due to increasing demand from industries such as the Building Construction industry (IBISWorld industry report 4710) and the various infrastructure construction industries (4721, 4725 and 4726). Industry revenue is expected to grow at an annualized 2.3% over the five years through 2024, to total $16.7 billion. This trend includes expected growth of 2.6% in the current year. National infrastructure projects like the Belt and Road Initiative, the Yangtze River Economic Belt and the Beijing-Tianjin-Hebei infrastructure project supported by the government have increased demand for industry services. However, market demand growth has been slowing in line with decelerating downstream industry growth. In addition, profitability is expected to decrease from 12.2% in 2011 to 10.1% in 2024. Industry enterprise numbers are expected to increase at an annualized 1.9% over the five years through 2024. Small-scale private enterprises account for a large proportion of enterprises.
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What's included in this industry analysis
IBISWorld's research coverage on the Construction Equipment Services industry in China includes market sizing, forecasting, data and analysis from 2014-2029. The most recent publication was released November 2024.
About this industry
What's this industry report about?
The Construction Equipment Services industry in China operates under the industry code 5020. Construction equipment service providers supply construction equipment operation and related services to construction sites. Related terms covered in the Construction Equipment Services industry in China include gross floor area (gfa), excavators and tower crane.
What's included in this industry?
Products and services covered in Construction Equipment Services industry in China include Construction lifting equipment services, Concrete machinery services and Excavating machinery services.
What companies are included in this industry?
Companies covered in the Construction Equipment Services industry in China include PY Rental Co., Ltd., Sinochem Holdings Corporation Ltd. and Shanghai Synnium Rental Co., Ltd.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Construction Equipment Services industry in China.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Construction Equipment Services industry in China.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Construction Equipment Services industry in China.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Construction Equipment Services industry in China. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Construction Equipment Services industry in China. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Construction Equipment Services industry in China. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Construction Equipment Services industry in China. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Construction Equipment Services industry in China.
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Frequently Asked Questions
What is the market size of the Construction Equipment Services industry in China in 2026?
The market size of the Construction Equipment Services industry in China is $16.7bn in 2026.
How many businesses are there in the Construction Equipment Services industry in China in 2024?
There are 4,229 businesses in the Construction Equipment Services industry in China, which has grown at a CAGR of 1.9 % between 2019 and 2024.
How may import tariffs affect the Construction Equipment Services industry in China?
The Construction Equipment Services industry in China is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Construction Equipment Services industry in China?
The Construction Equipment Services industry in China is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Construction Equipment Services industry in China grown or declined over the past 5 years?
The market size of the Construction Equipment Services industry in China has been growing at a CAGR of 1.8 % between 2019 and 2024.
What is the forecast growth of the Construction Equipment Services industry in China over the next 5 years?
Over the next five years, the Construction Equipment Services industry in China is expected to grow.
What are the biggest companies in the Construction Equipment Services industry in China?
The biggest companies operating in the Construction Equipment Services industry in China are PY Rental Co., Ltd., Sinochem Holdings Corporation Ltd. and Shanghai Synnium Rental Co., Ltd.
What does the Construction Equipment Services industry in China include?
Providing concrete mixing services and Providing tower crane machinery operation services are part of the Construction Equipment Services industry in China.
Which companies have the highest market share in the Construction Equipment Services industry in China?
The company holding the most market share in the Construction Equipment Services industry in China is PY Rental Co., Ltd..
How competitive is the Construction Equipment Services industry in China?
The level of competition is moderate and increasing in the Construction Equipment Services industry in China.
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