China Excavator Market Situation Analysis 2023

Sep 11,2025

Throughout 2023, China's excavator market faces multiple factors at home and abroad. Domestically, changes in demand for excavators in infrastructure construction, real estate and other industries are important factors affecting the market. From the international perspective, the global economic situation and trade policies have an impact on the export market. According to the statistics of China Construction Machinery Industry Association, the total sales volume of excavators in 2023 was 195,018 units, a year-on-year decrease of 25.4%. Among them, the sales volume in the domestic market was 89,980 units, down 40.8% year-on-year; the export sales volume was 105,038 units, down 4.04% year-on-year. The following will analyze the situation of China's excavator market in 2023 from various angles.

The Excavator Industry: Let Customers Come to You

Sep 11,2025

The excavator industry has always been an enduring focal point in China's construction machinery industry, primarily due to its complex manufacturing techniques, intricate internal structures, and high input - output ratio.

The strong sales of excavators have made increasing production and ensuring supply a focal point of concern in the industry.

Sep 11,2025

Sales of excavators continued to soar in the second quarter, and increasing production to ensure an adequate supply has become the primary concern for construction machinery manufacturers.

The spring has arrived for the construction machinery industry, with industrial profits shifting from decline to growth.

Sep 11,2025

According to data released by the National Bureau of Statistics, in the first two months of this year, the profits of China's industrial enterprises above designated size increased by 4.8% year-on-year, reversing the previous trend of declining industrial profits throughout the year.

Why does the excavator industry stand out uniquely when the overall industry is generally shrinking?

Sep 11,2025

The construction machinery industry has undergone a gradually flattening development process over the past two decades.

The excavation machinery industry is very likely to maintain a steady growth trend in the coming years.

Sep 11,2025

Industry insiders note that innovation serves as the inexhaustible driving force behind the advancement of China’s construction machinery sector.