Excavator Sales Jumped Nearly 60 Per Cent In April From A Year Earlier

- May 19, 2020-

According to the securities times reported on May 18, the construction machinery industry is experiencing a "rebound of overcompensation".


According to the securities times reported on May 18, the construction machinery industry is experiencing a "rebound of overcompensation".According to the statistics of China construction machinery industry association, in April, the 25 excavator manufacturers included in the statistics sold 45,426 excavators of various types, a year-on-year increase of 59.9%.


On May 15, the reporter of securities times learned from many construction machinery enterprises, not only excavators, since march almost all construction machinery equipment supply and sales began to show different degrees of warming, in April is more prosperous production and sales, many enterprises have increased prices.


A number of industry insiders told reporters that the recent capital construction, urban construction, real estate and other new projects have boosted the demand for construction machinery. After that, the industry growth rate should slow down, but it will still maintain a steady and healthy growth. "the industry may maintain a growth rate of around 10% for the whole year," they said.