Excavator: how hot is it? It will become normal in 2019
Excavator market continues to exceed expectations, and excavator sales hit a record high in 2019
The last round of high growth in the construction machinery industry can be traced back to the government's "four trillion" investment stimulus in 2008. The production and sales of construction machinery products represented by excavators have increased significantly. The annual sales of domestic excavators once climbed to 194000 in 2011. In 2012, the industry demand declined rapidly, and then entered a five-year period of deep adjustment. In 2015, the annual sales volume of excavators fell to 61000, only about 30% of the peak. Since the fourth quarter of 2016, the trend of industry bottoming and recovery has been confirmed, and the monthly sales volume of excavators has repeatedly exceeded expectations. In 2017, the sales volume of excavators reached 140000, up 91.2% year on year.
In 2018, a total of 203000 excavators were sold, exceeding the extreme value of 194000 excavators in 2011, refreshing the historical record. In 2019, the sales of excavators reached 236000 units, a year-on-year increase of 15.9%, a new record. Excavator market since 2016 Like a raging fire, one belt, one road, has been on the rise since the end of the year. The current boom has been on the rise for three consecutive years. Although the upgrading of the stock equipment is coming to an end, the demand for real estate, infrastructure and the "one belt" export is still decreasing. The four standard of the excavator country is about to leave the platform. Obviously, it is expected that the excavator sales will remain high by 2020, but the growth rate may slow down. It is expected that the growth rate of excavator sales will be about - 10% ~ 10%, and the excavator market will gradually enter a stable development stage from the high-speed growth stage.