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Home>>news>>The Used Excavator Market in China

The Used Excavator Market in China

Tags: used wheel excavator backhoe excavator2013-12-21

The national bureau of statistics data show that in 2010, China's used excavator manufacturing enterprises above designated size has more than 252, 169.785 billion RMB of sales value, realizing the product sales profit of 25.367 billion RMB, profit totaled 21.406 billion RMB, more than 80% year-on-year growth.

China's excavator market average increasing at 30% speed, become one of the largest markets in the world consumption. From the development situation, China is in road traffic, energy, water conservancy, urban construction and other aspects the peak period of the construction of infrastructure, used excavator market demand is raising year by year, the 2010 national excavator actual accumulative total sales of more than 165000 units, year-on-year growth of 74.5%.

At the end of 2010, the domestic each big companies expanding used excavator production capacity, other companies have established excavator model series, trying to drive earnings growth by the rapid growth of the used excavator market. In fact, both considering the risk factor, and gains considerations, because the bank credit in promoting the construction of affordable housing is not, and indirectly lead to atrophy of the engineering machinery sales in the second quarter of 2011. In May 2011, excavator 13956 sets of domestic sales, fell 12.4% year on year, month the first year-on-year decline in; In the first five months of accumulative total sales of 115589 units, up 38.1% from a year earlier, compared with 1 - fell 12% in April. In 2011, according to data from 1 to 5 in domestic brands to further improve market share to 37%.Domestic used excavator production tops of heavy industry, which has been achieved in the scale of production and marketing of Taiwan, and the industry's top four production capacity has reached more than 4000 units per year. The speed of other enterprises enlarge capacity is also quite strong. In the next stage, the domestic brand excavators and used market share from may become the norm.

Overall, used excavator, home ownership is low, but the product price is on the high side, sales mode is given priority to with finance lease or mortgage loans, credit once relaxed, excavator sales rebound will be the best products. We can predict, 2011-2013, as the world China's economic recovery, real estate and the speeding up of urbanization construction, various tonnage used excavator sales also will continue to grow, deduct uncertainty factors, various tonnage excavator in 2011-2013 will be more than 15% growth rate of growth. With excavator manufacturing industry competition intensifying, the large used excavator manufacturing merger integration between enterprises and capital operation, excellent domestic used excavator manufacturers more and more attention on the research of the industry market, especially for industry development environment and product the in-depth study of the buyer. Also because of this, a large amount of excellent national excavator product fast rise, gradually becoming excavator manufacturing industry in China and the world best!

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