Mr. Su Zimeng, President of China Construction Machinery Association (CCMA) delivered a keynote speech titled "Review of China Construction Machinery Industry Development in 2024 and Outlook for 2025." in the BICES event.

Mr. Su Zimeng, President of China Construction Machinery Association (CCMA) delivered a keynote speech titled "Review of China Construction Machinery Industry Development in 2024 and Outlook for 2025." in the BICES event.

He first emphasized that in 2024, the construction machinery industry strived to seize development opportunities, actively responded to changes in domestic and international market environments, overcame difficulties, and made proactive efforts. The industry's overall performance remained stable with steady progress, and high-quality development was solidly advanced.

He analyzed and reviewed the performance of China construction machinery industry in 2024 from six key aspects, including the steady operation of major economic indicators among key enterprises closely associated with CCMA: The export value of construction machinery continued to grow on the basis of a relatively high base. In 2024, the import and export trade volume of China's construction machinery was 55.45 billion US dollars, an increase of 8.59% year-on-year; The sales volume of the twelve major categories of construction machinery products as a whole tended to be stable, reaching a cumulative total of 1,855,037 units throughout the year, representing a year-on-year increase of 4.5%. Which increased confidence and improved expectations among industry enterprises. The integrated development of technological and industrial innovation, accelerating the industry's transition toward high-end, intelligent, and green development.

In his speech, Mr. Su stated that the industry has gotten off to a good start in the first two months of 2025, with many companies achieving a strong opening performance. Looking ahead to the full year, as macro-control measures intensify and policy effects compound, favorable factors supporting the stable operation and high-quality development of the industry will continue to accumulate and increase. The development environment for the construction machinery industry is expected to steadily improve. Based on a comprehensive assessment, he predicts that the construction machinery industry in 2025 will continue to exhibit a stable and progressive development trend, with key economic indicators showing steady growth and foreign trade remaining generally stable.

Meanwhile, Mr. Su expressed gratitude to the extensive user community and media for their support and concern towards the development of the industry, the growth of the association, and BICES exhibition. He warmly welcomed exhibitors, users, visitors, and media friends from across the country and around the world to actively participate in BICES 2025, and share in the latest achievements of the industry's high-quality development!