The market size of China's cement machinery industry is growing at a relatively fast pace, benefiting from policy support from the Chinese government's strong investment in infrastructure construction. According to the 2023-2029 China Cement Machinery Industry Market Research and Development Outlook Analysis Report released by Market Research Online, the market size of China's cement machinery industry reached 130 billion yuan in 2017, increased to 140 billion yuan in 2018, and continued to grow to 150 billion yuan in 2019.
The future development trend of China's cement machinery industry is expected to continue to maintain a fast growth trend. With the continuous investment of the Chinese government in infrastructure construction and the continuous development of the Chinese cement machinery industry, the market size of the Chinese cement machinery industry is expected to continue to grow at a rate of 10% from 2020 to 2025, and the overall market size is expected to reach 250-300 billion yuan in the next decade.
At the same time, there will be some new development trends in the Chinese cement machinery industry, one of which is the rise of automated cement machinery. With the development of technology, automated cement machinery has been widely used in China and will further promote the development of the cement machinery industry in the future. In addition, the Chinese cement machinery industry will further promote the development of environmentally friendly, efficient, and intelligent cement machinery to meet market demand.
Overall, the market size of China's cement machinery industry is steadily growing, and the future development trend will be the development of automated, environmentally friendly, efficient, and intelligent cement machinery. The market size is expected to continue to grow at a rate of 10% from 2020 to 2025, and the overall market size is expected to reach 250-300 billion yuan in the next decade.
