Data released by the China Construction Machinery Industry Association show that the construction machinery market is continuing to pick up.
In May this year, major excavator manufacturers sold 24,800 excavators of various types, a year-on-year increase of 36.2%.
Among them, domestic sales were 11,600 units, a year-on-year increase of 38.6%; exports were 13,200 units, a year-on-year increase of 34.2%.
Judging from the overall data from January to May, major excavator manufacturers sold a total of 126,800 excavators, a year-on-year increase of 24.7%.
Among them, domestic sales were 68,100 units, a year-on-year increase of 18.5%; exports were 58,700 units, a year-on-year increase of 32.9%.
This series of data fully demonstrates that the excavator market has shown strong growth momentum in both domestic and international markets.
Against the backdrop of industry recovery, construction machinery companies have also launched a wave of price increases.
Sany Heavy Industry, Liugong, Xugong Machinery, etc. have successively issued price increase notices.
Sany Heavy Machinery, a subsidiary of Sany Heavy Industry, announced that it will increase the price of excavator products by 5% starting from May 15; Liugong announced that it will increase the price of excavator products by 5% starting from May 20; XCMG Machinery will increase the price of different models by 3 to 5 percentage points starting from June 1.
The good performance of the excavator market is related to many factors.
From a domestic perspective, the continued advancement of infrastructure construction, such as the development of roads, bridges, buildings and other projects, has led to an increasing demand for construction machinery such as excavators.
At the same time, the state’s support policies for infrastructure projects also provide a strong guarantee for the development of the market.
In the international market, with the gradual recovery of the global economy, many countries have also increased investment in infrastructure construction, which has led to a substantial increase in China’s excavator exports.
The price increases of construction machinery companies also reflect the supply and demand relationship in the market.
As demand increases, companies’ production costs may also rise, including rising raw material prices and increased labor costs.
Through appropriate price adjustments, companies can ensure their own profit margins and are also conducive to the healthy development of the industry.
Looking to the future, the construction machinery market is expected to continue to maintain a good development momentum.
With the continuous advancement of technology, the performance and quality of construction machinery such as excavators will continue to improve to further meet market demand.
At the same time, Chinese construction machinery companies will continue to expand the international market and sell more high-quality Chinese products to the world.
