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Analysis of sales volume of excavators and loaders in January 2024: substantial domestic growth and slight drop in exports

February 19, 2024

According to the statistics of China Construction Machinery Industry Association,Sales of Excavators and loaders both rose in January from a year earlier.,However, the market structure has undergone subtle changes.。

Excavator market:

The total sales volume reached 12376.,Year-on-year growth of 18.5%。This growth shows that the construction machinery market continues to pick up.,Especially in infrastructure construction.、Real estate development and other related fields。Among,The performance of the domestic market is particularly bright.,5421 units were sold,Year-on-year growth of 57 percent.7%。This figure is far higher than the industry average.,It reflects the warming trend of the domestic market.。

At the same time,Although the export market has achieved 6955 sales.,But down 0. 5% year on year..73%。Although the decline is not large.,But it also shows that in the context of an increasingly complex global economic environment,,China's export of Excavators is facing certain challenges.。

It is worth noting that,The electric excavator market is beginning to emerge.。Sales of 12 electric excavators in January,One of them is below 6 tons.,18.5 to 28.11 sets of 5 tons。Although the absolute value of this data is not high.,However, it marks the initial application and market recognition of electric technology in the field of excavators.。

Loader market:

Similar to the excavator market,The loader market has also shown a steady growth trend.。Sales of 7802 loaders in January,Year-on-year growth of 18.9%。3744 units sold in the domestic market,Year-on-year growth of 54.1%,This growth rate is comparable to the excavator market.,It further confirms that the domestic construction machinery market is gradually coming out of the trough.。

However,Slightly different from the excavator market,The export market of loaders has appeared 1..79%The decline of,4058 units were sold。This may be due to the uncertainty of the global economic environment.,And the increasingly fierce international competition.。

In terms of electric loaders,370 units sold in January,Covers 3 tons、5 tons、6 tons、Different tonnages such as 7 tons and 8 tons。This data shows that,The application of electric technology in the loader field is accelerating.,The future is expected to become a new growth point of the market.。

New and old infrastructure construction jointly starts major projects in many places in China

As the bells of 2024 ring,All over the country ushered in a new upsurge of major projects.。Shanghai、Beijing、Hunan、Shaanxi、Anhui and other places have sounded the clarion call to start construction.,It not only shows the firm determination to invest steadily.,It also foreshadows a surging release of new momentum for economic development.。

It is understood that,These major projects cover two major areas of traditional and new infrastructure.,It has formed a policy synergy from the central government to the local government.,It has injected new vitality into high-quality economic development.。Traditional infrastructure projects such as transportation、Water Conservancy、Energy, etc,Stabilizing economic growth、It plays an irreplaceable role in optimizing the industrial structure.。New infrastructure projects such as 5GNetwork、Big Data Center、Artificial intelligence, etc,It provides a new growth point and power source for economic development.。

Industry analysts believe that,This round of project start-up boom is formed under the strong impetus of steady growth policy.。As the policy continues to strengthen,The growth rate of infrastructure investment will continue to pick up,New infrastructure investment will also continue to expand.。At the same time,Private investment growth is also expected to stabilize and rebound.,Inject more vitality into economic development。

It is worth mentioning that,The major project also focuses on ecological environmental protection and sustainable development.。While promoting economic development,All localities have also given full consideration to environmental protection and resource conservation.,Strive to achieve a win-win situation between economy and environment。

At the beginning of the new year,The construction boom of major projects in many places is surging,New and old infrastructure work together,Projects have sprung up like bamboo shoots after a spring rain。This is not only a powerful measure for steady growth.,It is also a vivid portrayal of China's high-quality economic development.。With the acceleration and blooming of these projects,,We have reason to believe.,China's economy will see more vigorous development in the new year.。

Market Outlook 2024:

Looking ahead to 2024,Projected real estate、Infrastructure investment and water conservancy and hydropower investment will continue to be the main driving force of the construction machinery market.。With the continuous support of national policies and the increase of investment,,These areas are expected to continue to grow.,Sales of construction machinery such as excavators and loaders continued to grow.。

To sum up,China's construction machinery market will continue to grow in 2024.,However, the market structure and competition pattern will also undergo new changes.。For businesses,Seize the market opportunity、Strengthening technological innovation and brand building will be the key.。

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