According to the latest data, Chinese excavator manufacturers have been ranked first in the world in terms of sales for eight consecutive years. 549,400 units of excavators were sold in the Chinese retail market in 2019, up 7.4% year-on-year, and the market share reached 65% of the world.

China's excavator manufacturing industry has significant advantages in the long run. Especially in recent years, with the rapid advancement of China's construction projects, the demand for heavy construction machinery products has been increasing, which, together with the improvement of the technological innovation ability of Chinese excavator enterprises, has made the development trend of China's excavator manufacturing industry ahead of other countries more and more obvious.

In the domestic market, Chinese excavator manufacturers also maintain a dominant market share. According to statistics, excavator sales in the Chinese market in 2019 were 386,000 units, up 6.1% year-on-year. Among them, mini excavators became the main growth point of excavator market sales. Both the number and market share of mini excavator production are believed to continue to rise in the future.

At the same time, Chinese excavator manufacturers not only perform well in the domestic market, but also have an advantage in the overseas market. Currently, Chinese excavator manufacturers have a market share of more than 30% in overseas markets, making them a presence that cannot be ignored in the international market.

In the future, with the continuous expansion of China's construction field and the development of the world economy, there will be more opportunities and challenges for China's excavator manufacturing industry. Chinese excavator manufacturers should encourage technological innovation, strengthen their core competitiveness and find more new opportunities in the new challenges.