Land excavator sales increased by 79% in March, and it is expected to maintain rapid growth in April.

The China Construction Machinery Industry Association Mining Machinery Subcommittee announced that in March this year, the mainland sold a total of 38,261 excavation machinery products of various types, an increase of 78.9% year-on-year. Among them, the mainland domestic market sold 36,643 excavators, an increase of 78% year-on-year; Export sales of machines reached 1,607 units, an increase of 100.4% year-on-year. According to market segments, in March, the number of small-digging sales was 22,307 units, an increase of 66.6% year-on-year; sales of 9,492 units were excavated, an increase of 100.6% year-on-year; sales of 4,844 units were excavated. Increase by 96.1% annually.

In the first quarter, the mainland sold a total of 60,61 sets of excavation machinery products, an increase of 48.4% year-on-year. Among them, the mainland domestic market sold 55,913 units, an increase of 45.4% year-on-year; export sales were 4,131 units, an increase of 105.1%.

CSI quoted analysts and stated that benefiting from the recovery of the mining industry, continued drive of urbanization and new rural construction, and the demand for large inventory equipment upgrades, the high growth of the mainland excavator sales has continued for more than a year and is currently mainly applied to real estate and The proportion of large diggings for large-scale infrastructure construction and large diggings mainly used for mining has been continuously increased. In addition, the current booming degree has continued to increase, and real estate, infrastructure, and mining operations are still guaranteed.

According to estimates from the China-Thailand Securities Research Report, the sales of excavators in the mainland in April still maintained rapid growth. The annual sales of excavators in 2018 was estimated to be about 170,000 units, and the annual sales growth was over 20%.