Chinese excavator sales

Chinese construction machinery has been affected by excess production but there is potential for market development opportunities in 2014. Data from the excavator industry shows that the first quarter of 2014 has seen recovery, compared with 2013 and 2012. According to China Construction Machinery Association (CCMA), excavator sales for February hit 9,410, 55.3% above last year’s level. The leading domestic brands included Liugong, Sany, Sunward and XGMA while the leading foreign brands included Caterpi
June 24, 2014 Read time: 1 min
Chinese construction machinery has been affected by excess production but there is potential for market development opportunities in 2014.

Data from the excavator industry shows that the first quarter of 2014 has seen recovery, compared with 2013 and 2012. According to 2735 China Construction Machinery Association (CCMA), excavator sales for February hit 9,410, 55.3% above last year’s level. The leading domestic brands included 269 LiuGong, 1170 Sany, 1173 Sunward and 2713 XGMA while the leading foreign brands included 178 Caterpillar, 695 Doosan, 233 Hitachi and 2300 Komatsu.

However, the CCMA has sent letters to manufacturers warning that some leading firms have been winning market share through reducing prices, extending warranty periods and reducing down payments. The CCMA says that these moves result in unfair competition tendency, which have a negative effect on market stability and future development of the sector.

For more information on companies in this article

Related Content

  • 2-4 year-old construction equipment tops buyer ‘wish list’
    May 11, 2012
    A leading used construction equipment auctioneer firm boss believes equipment aged between 2 and 4 years is now topping buyers’ ‘wish lists’, as 1 to 2-year-old used stocks deplete. Jonnie Keys, General Manager of Euro Auctions, said that with the cost of new equipment currently up by around 20% on prices in June 2009, the used market is still strong. “Euro Auctions has repeatedly seen over 30% of all plant sold leaving the UK and Europe for projects in Australia, South Africa, South America, Central Ameri
    Read More
  • Volvo lines up its SDLG brand for greater global export sales
    June 8, 2015
    No sooner had senior managers told a roomful of journalists that corporate restructuring is on track, news followed that Volvo Group’s chief executive had been replaced Olof Persson fell from his perch following pressure from shareholders' dissatisfaction over the group’s weak financial performance in recent years. Volvo group plans to appoint Scania’s head Martin Lundstedt to the role staring in October. Until then, Volvo Group’s chief financial officer Jan Gurander will be standing in. Lundstedt and G
    Read More
  • Volvo Construction Equipment sales down 7% in Q3 2013
    October 25, 2013
    Volvo Construction Equipment (CE) sales fell 7% to US$1.929 billion (SEK 12,278 million) in Q3 2013, compared to $2.085 billion (SEK 13,272 million) the same period of last year. The global construction equipment manufacturing giant said the sales dip in July-September 2013 reflects the general downward trend in market conditions. This included lower activities in the global mining industry, which particularly hit sales of large and more expensive products.
    Read More
  • Sales down but Deutz keeps profit level in first half 2015
    August 11, 2015
    German engine maker Deutz has reported new order sales were down just over 10% in the first half of this year, to €670.7 million. Unit sales also fell, around 21% down on the first half of last year, to 78,120 engines. Sales of 41,213 engines in the second quarter of 2015 were 11.7% higher than in the previous quarter but were 24.5% lower than in prior-year quarter (Q2 2014: 54,622 engines). Revenue was in line with forecasts, falling by 11% year on year to €670.2 million compared with €753.4 million
    Read More

Highlighted Content