According to the China Construction Machinery Industry Association, 25 mainframe manufacturing companies that included statistics in the first ten months of 2018 sold excavators
17.15 million units, an increase of 52.5%. Among them, the domestic market sales were 155,800 units, an increase of 48.4% year-on-year, and the export sales volume was 15,634 units, a year-on-year increase.
109.1%. According to historical data, the best year for excavator sales was in 2011, when sales reached 178,400 units. At present, the sales volume of the excavator market is close to the highest level in history. Analysts expect the sales volume of excavators to exceed 200,000 units in 2018.
Liu Guoqing, chief analyst of Pacific Securities Machinery Industry: Construction machinery is still very good. In October, the excavator's growth rate exceeded 40%, exceeding expectations, and the start of construction can also match the sales of excavators. Because the base is relatively high last year, the growth rate may go down in November and December, but it is likely that the growth will exceed expectations.