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In August this year, China sold over 20,000 excavators of various types, a growth rate of 51.3%

Release time: 2020-09-15 16:04:23 Source: Bulldozer

When developed economies such as Europe and the United States were still plagued by the “new crown”, China had taken the lead in controlling the epidemic and gradually resumed production and life. Schools opened and factories opened, restoring the past booming scene. With some economic stimulus measures, China's economy has gradually recovered and is on track.


In August this year, China sold over 20,000 excavators of various types, a growth rate of 51.3%


According to data released by Zhongtai Securities, as of the end of July, 26 provinces and cities across the country have announced construction plans for key or major projects. The total investment plan is about 50 trillion yuan, mainly in the field of infrastructure investment. With the development of infrastructure projects in many parts of our country in full swing, my country's excavator market has also achieved outstanding "sales performance."


At present, China's construction machinery industry continues to be hot and its growth momentum continues. According to the latest report of Sina Finance in September 14th, in August 2020, 25 excavator manufacturers in China sold 20,939 excavators of various types, a growth rate of 51.3%. It is reported that. From January to August alone, the total sales of excavators in my country reached 89.3% of the total sales in 2019. To this end, the Japanese excavator manufacturing giant also intends to further "overweight" the Chinese market.


According to the latest report from the Nikkei Chinese website on September 14, focusing on the strong economic recovery demand in the Chinese market, the well-known manufacturing giant Hitachi Construction Machinery intends to further boost its business in China and will launch a "simplified version" of hydraulics in China in 2020. excavator. According to the Japanese company’s plan, it will first try to sell about 100 excavators in China, and control the price of this product to be about 10% more expensive than Chinese-made excavators. 20% higher in mainland China).


Hitachi Construction Machinery is one of the world's largest multinational manufacturers of excavators. Japan's largest 800-ton super hydraulic excavator (EX8000) comes from it. In addition, Hitachi Construction Machinery established a factory in China as early as 1995. So far, the company has 60 sales agents in China.


Someone may ask, why does Hitachi Construction Machinery sell cheap excavators in the Chinese market? Because China's excavator market has a bright future, Japanese companies need to pay more attention to price and product quality to meet the needs of the Chinese market.


According to statistics, before 2010, foreign manufacturers accounted for 70% of China's market share, but now the market share has been reversed. With government support, Chinese manufacturing companies have taken market share with low prices. At present, Chinese manufacturing companies account for 70% of the Chinese market, and foreign manufacturers only account for about 30%.


It is worth mentioning that China has become Japan's largest trading partner for 12 consecutive years. In 2019, bilateral trade between China and Japan continued to maintain a scale of 300 billion U.S. dollars, and China has become Japan's largest trading partner for 12 consecutive years. In addition, the development of Japanese companies in the Chinese market is diversifying. Japanese companies are shifting from the processing and manufacturing side to the consumer side, relying more on China's domestic industrial chain.