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The excavator industry trend analysis of deep

AKW GROUP | Updated: Nov 16, 2015

Excavator construction machinery's crown jewel, industry barometer of the said construction machinery industry, excavator sales of nearly 25% per cent of the total market share, Chinese market sales are the world's excavator sales 60%. Since 2013, although suffering from overcapacity, receivables for construction machinery, national infrastructure and raw materials stimulated the reduction, the market retains too much influence, but the introduction of new town planning and the "two sessions" held to 2014 construction machinery industry has brought a new round of development opportunity.

Optimistic: the market picks up significantly

According to statistics from China's construction machinery industry association in January 2014, excavator sales for 4533, fell close to 10%. It is reported that the domestic brands, 31 excavator sales particularly, its sales are still in the first foreign brands, Caterpillar did better, rose 30%, absolute ranking second. Because during the Spring Festival, many manufacturers, site holiday break, insufficient purchasing power, so the excavator sales data alone, cannot determine the excavator market in depression and prosperity. However, the latest industry figures show that February 9410 excavator sales, an increase of 55.3%. In major domestic brands in February, LIUGONG, Sunward, 31 and xgma excavator sales were 365, 202, 1385 and 140 units, up, 67%, 88% and 31% respectively. In terms of foreign brands, Caterpillar, Komatsu, Hitachi and doosan excavator market sales volume was 965, 1154, 865 and 839, up, 119%, 94% and 82% respectively.

According to the Bank of America Merrill Lynch report, March sales in mining machinery down 7.8%. Two excavators sales Giants 31 heavy and Caterpillar to maintain its leading position, 3109 31 heavy excavator sales, rose 1.2%, Caterpillar excavator sold there in 1852, 18.6%, Volvo excavators in China in March sales of 1117 units, down 12.5%.