The popularity of infrastructure projects continues, with sales of construction machinery increasing and excavator sales exploding

Date : 2021-07-20

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In recent years, infrastructure projects have been very popular in China, ushering in wave after wave of construction climax. However, the emergence of the epidemic has broken the high inflation situation, and infrastructure projects have also been greatly affected, starting to face setbacks, and many projects have had to stop working.

 

Later, with the control of the epidemic in our country, infrastructure projects experienced a recovery, and in the first half of this year, there was a small wave of growth. According to public data, in the first half of 2021, China’s infrastructure investment maintained rapid growth, with a year-on-year increase of 7.8%.

 

Infrastructure projects are booming in various regions, and various new projects are being launched one after another. With the popularity of infrastructure projects, the demand for construction machinery continues to grow. At the same time, construction machinery such as excavators, cranes, and mixers have also experienced a wave of booming sales.

 

Generally speaking, excavators are the most powerful reflection of infrastructure conditions, and excavator sales are a barometer of construction machinery sales. In the first half of this year, the sales of excavators reached a new high. According to industry insiders, excavators sold out of stock and it was difficult to find a single machine. Market orders have been scheduled for two months later.

 

The sales of construction machinery such as excavators and cranes have repeatedly reached new highs, which strongly reflects the strong demand in the current construction machinery market, indicating that China’s infrastructure market is booming, and the contribution of infrastructure to GDP is not small, and its driving effect on the economy is also very obvious. With the further layout of China’s new infrastructure industry, the market is bound to usher in new growth points, which will inevitably lead to an increase in macroeconomic vitality.

 

China’s excavator sales have not only reached new highs domestically, but since last year, it has won the global sales championship. With the rise of domestic brands such as XCMG, Sany, and Zoomlion Heavy Industry (01157), the market share of domestic excavators in overseas markets is expected to continue to increase. It is reported that 11 Chinese manufacturers have made it to the top 50 global construction machinery manufacturers list.

 

As an infrastructure maniac and a major player in China, excavators have already taken the top position in global sales, accounting for 70% of global production and sales. The continuous increase in the export volume of construction machinery has consolidated China’s position as the world’s largest exporter of construction machinery. Domestic excavators have not only performed well in China, but also made a name for themselves in the international market.

 

The sales prospects of construction machinery are optimistic. Therefore, some people boldly predict that the excavator and other construction machinery markets will continue to maintain a growth trend in the second half of 2021. The continuous increase in sales is not only related to market demand, but also to many overlapping factors such as macroeconomic recovery, hot real estate market, and active infrastructure investment after the easing of the epidemic. Under the continuous influence of numerous factors, the continuous growth trend of sales of construction machinery may be maintained.

 

Note: The image material is sourced from the internet and has been hacked and deleted!