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The Construction Equipment Services industry has developed steadily over the five years, due to increasing demand from industries such as the Building Construction industry (IBISWorld industry report 4710) and the various infrastructure construction industries (4721, 4725 and 4726). Industry revenue is expected to grow at an annualized 2.3% over the five years through 2024, to total $16.7 billion. This trend includes expected growth of 2.6% in the current year. National infrastructure projects like the Belt and Road Initiative, the Yangtze River Economic Belt and the Beijing-Tianjin-Hebei infrastructure project supported by the government have increased demand for industry services. However, market demand growth has been slowing in line with decelerating downstream industry growth. In addition, profitability is expected to decrease from 12.2% in 2011 to 10.1% in 2024. Industry enterprise numbers are expected to increase at an annualized 1.9% over the five years through 2024. Small-scale private enterprises account for a large proportion of enterprises. Industry revenue is forecast to increase at an annualized 2.5% over the five years through 2029, to total $18.9 billion. Growing demand is anticipated to come from more infrastructure construction and social security housing construction. Further trends forecast to affect the industry include increased merger and acquisition activity, more foreign companies entering the industry, and a shift toward more high-end construction equipment services. Overall, the construction equipment industry is developing towards a more intelligent, digital, and green direction to adapt to constantly changing market demands and technological advancements.