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Urbanization of construction machinery


The past 20 years have witnessed the fastest period of urbanization in China, rising from 27.99% in 1993 to 52.57% in 2012. The rapid increase in the rate of urbanization has led to a significant increase in the demand for construction machinery, which is the largest background for the domestic construction machinery industry for the past 10 years.

The experience of the United States, Japan, and Brazil shows that after the urbanization rate exceeds 50%, it can still maintain rapid growth for nearly 20 years, and it gradually slows down until it exceeds 70%. Vigorously promoting urbanization has become the ruling goal of the new government. The preliminary draft of the “2011-2020 Plan for Promoting the Healthy Development of Urbanization” led by the National Development and Reform Commission has been completed and will soon be released soon. It can be foreseen that in the next 20 years, it will be a high probability event that the urbanization rate in China will increase to 70%.

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