From January to August, a total of 154,181 excavators were sold, an increase of 17.2% year-on-year.
Recently, the China Engineering Machinery Industry Association released the latest data. From January to August 2023, the cumulative sales of excavators nationwide reached 154,181 units, an increase of 17.2% year-on-year. This data reflects that domestic infrastructure investment continues to recover and the construction machinery industry is in a strong recovery momentum. The following is a detailed analysis:
1. Sales data overview
| Time range | Sales volume (Taiwan) | Year-on-year growth rate |
|---|---|---|
| January-August 2023 | 154,181 | 17.2% |
| January-August 2022 | 131,562 | -28.5% |
Judging from year-on-year data, excavator sales rebounded sharply in 2023, reversing the downward trend in the same period last year. Among them, sales in August reached 17,668 units, a year-on-year increase of 14.1%, continuing the growth trend in the first half of the year.
2. Market segment performance
| type | Sales volume (Taiwan) | Percentage |
|---|---|---|
| Domestic sales | 94,752 | 61.5% |
| exit | 59,429 | 38.5% |
It is worth noting that the export market performed well, with a year-on-year increase of 35.8%, becoming an important engine to drive industry growth. The domestic market sales increased by 8.3% year-on-year, mainly benefiting from the increase in infrastructure project start-up rate and optimization of real estate policies.
3. Regional sales distribution
| area | Sales volume (Taiwan) | Percentage |
|---|---|---|
| East China | 46,254 | 30.0% |
| Central China | 23,077 | 15.0% |
| Southwest region | 30,836 | 20.0% |
From a regional perspective, the East China region is still the largest market, and the Southwest region has the fastest growth rate, with a year-on-year growth of 22.3%, reflecting the continuous promotion effect of the Western Development Strategy.
4. Industry development trends
1.Electrical transformation accelerates: From January to August, the sales of electric excavators increased by 120% year-on-year, and the proportion increased to 5.8%;
2.Intelligent demand growth: The order volume of models equipped with unmanned driving and remote monitoring systems has doubled;
3.Overseas market expansion: Exports in Southeast Asia and the Middle East account for more than 60%, and countries along the "Belt and Road" have become new growth points.
5. Expert opinion
Secretary-General of the China Engineering Machinery Industry Association said: "With the acceleration of the issuance of special bonds and the intensive start of major projects, it is expected that sales will maintain a growth rate of more than 10% in the fourth quarter, and sales are expected to exceed 230,000 units for the whole year."
Analysts pointed out that the industry has entered a new round of update cycle. Coupled with the upgrade of environmental protection standards and the application of new technologies, the market size may reach 300 billion yuan in 2024.
Conclusion
As a "barometer" of infrastructure, excavators have confirmed the resilience of economic recovery. In the future, driven by the "dual carbon" goal and the wave of digitalization, the industry will usher in a stage of higher quality development.
check the details
check the details
en
