In mid August, according to the data released by China Construction Machinery Industry Association, in July 2020, 25 excavator manufacturers included in the statistics sold 19100 excavators of various types, with a year-on-year increase of 54.8%; among them, 16253 domestic excavators were sold, with a year-on-year growth of 59.5%; and 2857 excavators were exported, with a year-on-year growth of 32.5%.
This has been the excavator sales for 4 consecutive months, with a year-on-year growth rate of more than 50%. Excavator is one of the main types of construction machinery widely used in all kinds of large and small earthwork projects, and also one of the most sensitive machinery varieties to the change of downstream demand.
In fact, in the past two months, excavators have even broken through the obstacles brought by extreme conditions, and have always maintained a "straight ahead" in terms of sales volume: from June to July this year, affected by continuous rainfall, some areas in southern China suffered from floods, which brought difficulties to the construction environment and equipment sales. Nevertheless, the sales growth rate of domestic excavator sales in June and July was still as high as 62.9% and 54.8% respectively, showing a trend of not weak season.
The superposition of multiple positive factors promoted the sales volume of excavators to increase year on year in July. Firstly, the strong support of downstream infrastructure investment and the support of macro policies for stable growth ensured the demand for construction machinery products; secondly, the old equipment under the second national level and related orders accounted for about 50% of the total number of excavators. With the improvement of emission standards under the environmental protection requirements, the renewal of demand injected power into equipment sales. Moreover, the improvement of equipment investment rate of return and the replacement of manpower in the construction process further broaden the market space of equipment.