Excavator Sales Doubled Again In August As The Industry Continued To Boom

- Jul 11, 2018-

According to the statistics of China construction machinery trade network, in August 2017, the 24 major excavator manufacturers included in the statistics sold about 8,700 excavators of various types, an increase of about 100% over the same period last year, and the figure has doubled for five consecutive months. From January to August, the total sales volume of excavators exceeded 91,000 units, up 101% year on year. Now, the total sales volume of excavators has exceeded that of 2014.

Among the domestic brands, 557, 821 and 2059 were sold by liugong, xugong and sany in August, up 209%, 146% and 136% year on year, respectively.

In terms of tonnage, the sales volume of small, medium and large excavation in August were about 3,900, 3,400 and 1,400 respectively, accounting for 45%, 39% and 16% of the total sales volume respectively. In August, sales of large, medium and small excavations increased by 145.6 percent, 118.6 percent and 75.1 percent, respectively, year on year.

Since August 2016, the year-on-year growth rate of large and small excavators has been relatively high compared with that of medium excavators, among which the growth rate of large excavators is the fastest. The growth of large excavators has been driven mainly by large infrastructure projects, PPP projects and mines, while small excavators have mainly benefited from the growth of municipal construction and rural infrastructure.

As One Belt And One Road continues to advance, it will involve more infrastructure construction in countries and regions along the road, thus contributing to the sustained recovery of the construction machinery industry. Mechanical equipment life cycle is roughly in 6-10 years or so, and after the last round of industry consolidation, at present has entered the update cycle of mechanical equipment, coupled with sharp end demand better, accelerates the part of the owner on the replacement of old equipment, further push up the demand of construction machinery.