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China Construction Machinery Markets

At present, with the gradual relaxation of overseas epidemic control and the strengthening of infrastructure construction in Europe and the United States for economic recovery, the rigid demand for Chinese construction machinery in the international market increases.

China’s 25 leading excavator makers sold a total of 241,178 excavators in the first seven months, rising by 27.2% year-on-year, data from the China Construction Machinery Association showed.

In breakdown, 206,029 units excavators were sold in the China domestic market, up by 19.7%year-on-year, while exports of the equipment surged by 102 percent to 35,149 units.

In July alone, excavator sales came in at 17,345 units, down by 9.24 percent from the same period last year.

Bucking the trend, exports of the equipment gained 75.6 percent from a year ago to 5,016 units for the month.

Sales of digging machines are a significant indicator of the vitality of an economy as demand is usually backed by growth in mining and infrastructure development.

According to the analysis of market institutions, the overseas export of construction machinery excavators continues to exceed expectations. Under the mature distribution of sales and financing channels of industry giants in the future, the overseas market is expected to step into the harvest period.

 

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