Excavator Sales Hit Record Highs In 2019

- Dec 26, 2019-

Data released by China Construction Machinery Industry Association shows that the 25 excavator manufacturers included in the statistics in November 2019 sold a total of 19,316 excavators, an increase of 21.7% year-on-year. The domestic market sold 17,159 units, a year-on-year increase of 21.2%. Exported 2,157 units, a year-on-year increase of 25.6%.

From January to November this year, the total sales volume was 215,538 units, a year-on-year increase of 15%; the cumulative domestic sales were 191,839 units, a year-on-year increase of 12.8%; the cumulative exports were 23,699 units, a year-on-year increase of 36.6%.

In 2018, the cumulative sales volume of excavators for the whole year reached 203,420 units, a year-on-year increase of 45.0%. Since the beginning of this year, the increase in sales has been shrinking due to the high base. However, it is a foregone conclusion that the sales volume in 2019 will exceed the previous year and hit a record high.

 A salesman of an excavator manufacturer told First Financial News that this year's excavator sales are indeed good, first of all because of the replacement of machine equipment. Secondly, despite the downward pressure on the economy, many large infrastructure projects are being implemented or will be implemented immediately. For example, the rail transit investment projects vigorously promoted by the state will provide support for the continued growth of excavator sales.

According to the analysis of Bohai Securities, the sales volume of construction machinery represented by excavators has continued to grow since 2019, mainly due to four aspects: first, the increase in investment in real estate and infrastructure fixed assets, and the recovery in downstream demand; and second, the purchase of projects around 2011 The machinery has reached the replacement cycle, and there is a strong demand for renewal. The third is that environmental protection requirements are becoming increasingly strict, and vehicles that do not meet the emission standards are subject to operating restrictions. The fourth is that the “Belt and Road” drive the export of construction machinery.

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