January Excavator Sales Increase Year-on-Year, Domestic Market Improves in Off-Season
Data released by the China Construction Machinery Industry Association shows that according to statistics from major excavator manufacturers, a total of 12,376 excavators were sold in January 2024, representing an 18.5% increase compared to the same period last year. This also signifies a turnaround for excavator sales, which had experienced 12 consecutive months of negative year-on-year growth. Ge Xin, deputy director of the Lange Steel Research Center, stated that since the beginning of 2024, efforts to stimulate the economy and promote project start-ups and construction progress have been actively pursued across the country, leading to an improvement in the domestic construction machinery market during the off-season, while the overseas market remains uneven.

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