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Luzhou Libang Metal Structure Co., Ltd

Telephone: 0830-3582313

Mobile phone: 13550890427 Manager

Address: Section 2, Xinyang Road, high tech Zone, Luzhou City, Sichuan Province

Website: hongfamenye.com

Excavator development overview (domestic 2)

Date of issue: 2020-10-15 Author: Luzhou Libang Metal Structure Co., Ltd Click:

Since the end of 1960s, China began to develop excavator products. After a short period of 40 years, especially in the past 30 years of reform and opening up, China's Excavator manufacturing industry has developed rapidly.


 Clamshell grab.jpg


According to the data of the National Bureau of statistics, in 2010, there were 252 Enterprises above Designated Size in China's Excavator manufacturing industry, with sales volume of 169.785 billion yuan and product sales profit of 25.367 billion yuan, with a total profit of 21.406 billion yuan, with a year-on-year increase of more than 80%. With an average increase rate of 30%, the excavator market in China has become one of the largest. From the perspective of development, China is in the peak period of infrastructure construction in road traffic, energy and water conservancy, urban construction and other aspects. The market demand for excavators is increasing year by year. In 2010, the actual cumulative sales of excavators in China exceeded 165000 units, with a year-on-year increase of 74.5%.

At the end of 2010, domestic major enterprises have expanded the production capacity of excavators, and other enterprises have opened a series of excavator models, trying to drive the profit growth of enterprises through the rapid growth of excavator market.

In fact, there are both risk factors and income considerations. As bank credit is not active in promoting the construction of affordable housing, it indirectly leads to the contraction of construction machinery market sales in the second quarter of 2011.


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Compared with the first month of 2011, the sales of excavators decreased by 38.1% from May to may, 2011, with a year-on-year decrease of 58.1% from May to may, 2011.

The data shows that the market share of domestic brands further increased to 37% from January to may 2011, and the speed of enterprise capacity expansion is quite strong.


 Plum blossom grab.jpg


In the next stage, domestic brand excavators may occupy the market share of imported machines and mobile phones.

According to the data disclosed online by construction machinery, as of September 2014, the sales volume of mini excavators under 6 tons totaled 1006 units. The market share of foreign brands is 55.0%, and that of domestic brands is 45.0%. In addition, the sales volume of excavators with a capacity of more than 6 tons was 3139, with a market share of 61.0% for foreign brands and 39.0% for domestic brands.

Overall, the domestic ownership of excavators is low, but the product price is high. The sales mode mainly focuses on financial leasing or bank mortgage. Once the credit is relaxed, excavator sales will be the best product to rebound. It can be predicted that from 2011 to 2013, with the recovery of the world's Chinese economy and the acceleration of the construction of real estate and urbanization, the sales of excavators of various tonnage will continue to grow. After deducting the uncertain factors, the excavators of each tonnage will grow by more than 15% in 2011-2013.


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With the increasing competition in the excavator manufacturing industry, mergers and acquisitions and capital operations among large excavator manufacturing enterprises are becoming more and more frequent. Domestic excellent excavator manufacturing enterprises pay more and more attention to the industry market research, especially the industry development environment and product buyers.

Because of this, a large number of domestic excellent excavator brands have risen rapidly, and have gradually become the leaders in the excavator manufacturing industry in China and even in the world!


Luzhou Libang Metal Structure Co., Ltd. specializes in the production and processing of excavator bucket Backhoe of excavator Plum blossom grab of steel grabbing machine And various metal structure products processing.

Luzhou Libang Metal Structure Co., Ltd

Telephone: 0830-3582313

Mobile phone: 13550890427 Manager

Address: Section 2, Xinyang Road, high tech Zone, Luzhou City, Sichuan Province

Website: hongfamenye.com


Website: http://hongfamenye.com/news/404.html

Related label: Sichuan grab steel machine arm customized manufacturer , Sichuan grab customized manufacturer , Mass customization of grab accessories , Professional manufacturer of plum grab , Excavator Backhoe customization

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