The long-term growth trend of the industry remains unchanged

Since 2020, in order to alleviate the difficulties brought about by the epidemic on enterprises' production and operation, relevant state and local government departments have issued a number of support and relief policies, involving market guarantee, fiscal and tax support, financial support, return of employees and other aspects, which have played a positive role in boosting market and enterprise confidence.The recovery construction and investment launched after the epidemic has unleashed potential markets for the machinery industry and brought new opportunities for structural adjustment, transformation and upgrading of the machinery industry, with broad prospects for the overall development of the industry.

On the whole, due to the impact of the epidemic in 2020, the industry's revenue is expected to grow slightly compared with 2019, with annual revenue of about 22 trillion yuan in 2020.With the continuous development of the industry, it is expected to reach 24.7 trillion yuan by 2025.