In February, the domestic sales of excavators increased year-on-year, and the demand for construction machinery continued strong
Release time:
2021-01-26 11:08
Based on grassroots research and market research, CME estimates that around 22,000 excavators (including exports) will be sold in February 2021. In terms of sub-market: the domestic market is estimated to sell 18,000 units, with a growth rate of about 160%. Analysts believe that construction machinery has entered a new economic upcycle since the second half of 2016, the replacement of rigid life and the replacement of laws and regulations brought about by the renewal demand to support the bottom, the growth of infrastructure investment and the replacement of machinery led the industry economy to continue to improve. It is expected that in 2021, excavator sales will increase by more than 10% year-on-year; The market share of leading companies will continue to increase, and the sales growth of leading excavators in the industry is expected to exceed 20%. (Caixin Association)
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