The course of the 15th Five-Year Plan (2026-2030) has been set, and the favorable macroeconomic policies are blowing across the vast and vibrant construction machinery industry. Standing at this new historical starting point, how can the industry seize this opportunity to transform its grand blueprint into reality? The path is clear.
A Review of the 14th Five-Year Plan: A Key Transformation Phase
During the 14th Five-Year Plan period, my country's construction machinery industry is in a key transformation phase, shifting from scale expansion to high-quality development. Benefiting from increased infrastructure investment and the equipment trade-in policy, the industry has achieved restorative growth in recent years. In 2024, cumulative sales of major construction machinery products reached 1.6375 million units, a year-on-year increase of 7.81%; in the first half of 2025, sales reached 950,000 units, a year-on-year increase of 12.26%, demonstrating a strong recovery momentum.
During this period, the industry exhibited three key characteristics:
First, overseas markets became a significant growth engine, with companies' globalization efforts moving from "breadth" to "depth," yielding remarkable results. Second, the industrial structure continued to optimize, highlighting the agglomeration effect and leading role of key enterprises. Third, the pace of transformation towards "three modernizations" accelerated significantly, with notable achievements in high-end development, significant intelligent upgrades, and breakthroughs in green transformation, injecting strong momentum into the industry's sustainable development.
"15th Five-Year Plan" Outlook: Where Will It Lead the Industry?
The "15th Five-Year Plan" listed "developing new-quality productivity" and "ensuring the security and controllability of the industrial and supply chains" as core tasks, explicitly promoting the intelligent, green, and global transformation of the high-end equipment manufacturing industry. As a core support for infrastructure construction and major project advancement, the construction machinery industry occupies a crucial strategic position in policy deployment.
With precise macroeconomic policy adjustments and coordinated industrial policies, my country's construction machinery industry is expected to maintain a healthy development trend of "stable operation and steady progress" during the "15th Five-Year Plan" period. Key driving factors include:
Endogenous Demand: The Resonance of Equipment Upgrades and Industrial Upgrading. On the one hand, the industry's inherent 8-10 year equipment replacement cycle has arrived, creating a large-scale demand for replacing existing equipment. On the other hand, the wave of electrification and intelligentization is driving a revolution in product technology paradigms. This dual impetus creates a vast market space.
**Mega Projects:** Injecting Strong Market Driving Force. The launch of major national projects such as the Yarlung Tsangpo River downstream hydropower stations, with a total investment exceeding 1.2 trillion yuan, has effectively boosted domestic demand. It is predicted that this alone will generate over 180 billion yuan in demand for construction machinery, driving the industry into a period of high prosperity.
**Technological Revolution:** Deep Integration and Empowerment by Artificial Intelligence. The accelerated implementation of applications such as intelligent control, environmental perception, unmanned operation, and swarm collaboration is driving the industry towards a higher degree of automation and green transformation.
Corporate Blueprints: Demonstrating Confidence in Development
Faced with the opportunities brought by the national "15th Five-Year Plan" and the ambitious blueprint for revenue targets by 2030, Chinese construction machinery companies are actively deploying resources from multiple dimensions, integrating their development into the overall national development strategy:
XCMG has proposed to double its scale from 100 billion yuan by 2030, with international revenue accounting for over 60%;
LiuGong has proposed a strategic plan to achieve 60 billion yuan in operating revenue by 2030;
Shandong Lingong has set a strategic goal of "recreating a new Lingong in five years," planning to achieve overseas revenue of over 38.5 billion yuan by 2030;
Lingong Heavy Machinery announced a strategic target of 50 billion yuan by 2030 at its first Global Customer Festival.
The dual support of policy and market forces gives construction machinery companies the confidence to set "high targets." These targets are not isolated corporate visions; together, they outline the path for the global advancement of China's construction machinery industry.
First, technological innovation is key, focusing on critical areas, building a collaborative research system, and promoting the development of intelligent equipment and "lights-out factories." Second, the industrial chain is being upgraded, promoting the localization of core components, materials, and software, building a collaborative ecosystem of "leading companies + specialized and innovative enterprises," and enhancing supply chain resilience. Simultaneously, against the backdrop of global economic recovery and the deepening of the Belt and Road Initiative, a "globalization + localization" strategy is being deepened.
The Next Five Years
The path to advancement for the construction machinery industry is clearly visible: consolidating core advantages through technological innovation, overcoming development bottlenecks through ecosystem collaboration, and expanding growth potential through internationalization; intelligentization, greening, and globalization are the core directions for high-quality development.
As the 2030 goals of various construction machinery companies are achieved one by one, China's construction machinery industry may truly achieve a leap from "scale leadership" to "value leadership," becoming a backbone force in building a manufacturing powerhouse.
