Feb 23, 2021 08:56 PM (GMT+8) · EqualOcean
According to the grass-roots investigation and market research, CME estimates that the sales volume of excavators (including exports) will be about 22000 in February 2021. In terms of market: the domestic market is expected to sell 18000 units, with a growth rate of about 160%. Analysts believe that construction machinery has entered a new upsurge cycle since the second half of 2016. The renewal demand brought about by the replacement of rigid life and the switching of laws and regulations has underpinned the bottom. The growth of infrastructure investment and the replacement of machinery have driven the industry's prosperity to continue to improve. It is estimated that the year-on-year growth rate of excavator sales in 2021 will exceed 10%; the market share of leading companies will continue to increase, and the sales growth rate of industry leading excavators is expected to exceed 20%.