Recently, Off-HighwayResearch released the latest global hydraulic excavator industry report, is considered the most in-depth and authoritative report on the global market, Off-highway is based on the global excavator market's first industry report. In the introduction video on Youtube, I read some of the contents of the report, so I would like to share with you here as well.
Global excavator market
sales data
In its global excavator
sales data analysis, divided into three categories, crawler excavators, mini
excavators (less than 6 tons) and wheeled excavators. In 2017, the number of global market sales increased by 24%, the
main growth driven by the Chinese market, there is also a relatively strong
growth in the Indian market. By 2021, the global market will reach more than
500,000 units, with sales of 49 billion U.S. dollars.
Global Excavator Sales
Data - Sectors
Excavators in
different regions on the number of sales, the largest number in the European
market, accounting for 24%, mainly from a large number of mini excavator sales.
Followed by
China accounted for 17%, and North America accounted for 16%.
From the sales point of view, due to sales in the Chinese market are mainly concentrated in crawler excavators, the proportion of its sales relative to the number of shares, a certain increase of 19%. The North American market, based on its sales price, accounted for the highest sales of 26%.
Global excavator market production data
And more
interesting is the number of excavators in different regions, nearly 73% of the
excavator production in Asia, Japan produced 40% of the world's excavators, compared
with the Japanese market, the number of sales accounted for, we can see that
Japan's production More than 60% of excavators are targeted at export markets.
The Chinese
and Indian markets, there is still a certain percentage of imported models.
