According to data released by the National Bureau of Statistics, in May, the national output of excavators was 40,420 units, a significant increase of 82.3% year-on-year; in the first five months, the cumulative output of excavators nationwide was 153,289 units, an increase of 14.7% year-on-year.
In terms of sales structure, small excavators continue to lead the market. In May, domestic sales of small excavators reached 17,800 units, a year-on-year growth rate of 83.7%; sales of medium and large excavators were 7,538 and 4,161 units, respectively, with a year-on-year growth rate of 70.2% and 60.8%. In the first five months of this year, the cumulative sales of domestic small digs were 84,100 units, a year-on-year increase of 23.7%; the cumulative sales of medium and large digs were 33,500 and 16,600 units, an increase of 14.6% and 9.6% respectively.
Guojin Securities expects that the growth rate of excavator sales in June and July is expected to exceed 60% year-on-year, of which the probability of excavator sales growth rate in June is more than 70%, which will continue to exceed market expectations. It is expected that the growth rate of excavator sales in 2020 will be about 25%, the growth rate of truck cranes will maintain a growth rate of more than 15%, and the growth rate of concrete machinery is expected to maintain a growth rate of 20%.
