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2020 registration volume of construction machinery enterprises increased by 57%

In 2020, construction machinery will usher in a pro-cyclical industry.Driven by Dongfeng such as "new infrastructure", leading companies such as Sany Heavy Industry, Zoomlion Heavy Industry, Hengli Hydraulics and other leading enterprises have achieved great success.According to the data from the company's investigation, there are currently 1,577,400 construction machinery-related companies in China. Shandong ranks first with 141,100 companies, and Jiangsu and Hebei rank second and third.In the past two to three years, the number of related company registrations has achieved explosive growth. In 2020, there will be 525,200 newly registered companies, a year-on-year increase of 57%.In addition, 22% of enterprises in the industry have registered capital higher than 10 million. 

Shandong, Jiangsu, Hebei ranks in the top three provinces, Beijing, Chongqing and Xi'an ranks in the top three cities

Judging from the distribution of provinces, according to the enterprise search data, Shandong Province has the largest number of construction machinery enterprises, ranking first in the country with 141,100 homes.Jiangsu, Hebei, Shanxi and Anhui ranked in the top five with 133,300, 104,500, 85,900 and 85,500 respectively.

From the perspective of city distribution, according to the data of enterprise search, the two municipalities directly under the Central Government of Beijing and Chongqing ranked first and second in the country with 60,300 and 43,200 construction machinery enterprises respectively, and Xi'an, Xuzhou and Hefei ranked third to fifth. 

Registered volume in 2020 will increase by 57% year-on-year, and 22% of the industry’s registered capital will be higher than 10 million

In the ten years since 2011, the number of registrations of construction machinery companies has increased year by year.According to the company's data, 23,300 companies were registered in 2011. In the following years, the construction machinery industry has been greatly developed due to the country's increase in infrastructure investment.The number of registrations in 2016 was 90,300, a year-on-year increase of 63%, the highest growth rate in a year.In 2020, a total of 525,200 construction machinery enterprises were registered, an increase of 57% year-on-year.

From the perspective of registered capital (except for individual industrial and commercial households), the company's data shows that the number of construction machinery companies with a registered capital of 1 to 5 million yuan is the largest, accounting for as much as 40%.Registered capitals within 5-10 million yuan and 1 million yuan account for 20% and 18% respectively.On the whole, companies with a registered capital of more than 10 million accounted for 22%.

Article information source: China Construction Machinery Business Network

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