China engineering machinery industry association mining machinery branch,
according to figures released on September 6th August, excavator sales year-on-year
growth of more than 1 times, eight months to keep more than 100% growth rate.
Benefiting from the continuous high growth of excavators and related engineering
machinery, the net profit growth of related companies in the first half of the year
was significant.
Review: years, many agencies believe excavator will enter a relatively low season in
August, the second half of the sales figures will fall, but look from actual condition,
excavator sales to maintain high growth, suggests that construction demand is still
strong, equipment renewal requirements clearly. At the same time, it also shows
that the construction machinery industry has been adjusted in recent years, the
industry inventory has been fully adjusted, and the industry has continued to
grow or exceed expectations. According to the China construction machinery
association excavator branch, the sales volume of excavators in China is expected
to exceed 120,000 this year, doubling last year.