Excavator sales rebound, overseas market becomes key growth driver

Excavators, seen as a “barometer” of infrastructure, experienced an 8.6% year-on-year sales increase in July, despite June-September being a traditional off-season. Domestic sales grew by 21.9%, while exports slightly declined.

The domestic construction machinery market showed signs of an upward trend. It was expected that the second half of the year would benefit from increased project start rates and accelerated equipment renewal. However, the real estate sector continued to face pressure.

Industry insiders noted that the small excavator market is beginning to recover, with export growth expected in the second half of the year. Companies like Zoomlion, Hengli Hydraulics, and XCMG predicted that overseas markets will be the primary growth drivers and will maintain high growth momentum.

14 Aug 2024 reported by Machinery News