Excavator is a multi-functional self-propelled mechanical equipment, according to different work needs and terrain characteristics, can be tracked, wheeled or walking and other types. The main structure consists of a superstructure with a 360° rotating working device for digging and handling materials, loading them into transport vehicles or unloading them to the storage yard.
Excavators can be divided into several categories according to tonnage and use scenarios:
Large excavator: suitable for large-scale mining and large-scale earthwork.
Large excavators: mainly used in large infrastructure construction and mining operations.
Medium excavator: Used in medium engineering projects and construction sites.
Small excavator: suitable for small construction sites and urban construction projects.
Mini excavators: Used for work in small Spaces, such as municipal maintenance and landscape engineering.Affected by the epidemic and geopolitical factors, the global economic slowdown has led to the impact of China's infrastructure construction and engineering construction industries, and the demand for the excavator industry has been greatly reduced. According to 2023 data, China's excavator sales reached 195,000 units, down 25.4% year-on-year, continuing the downward trend in 2022. However, due to the promotion of a series of foreign development policies in China, the amount of foreign projects contracted in China has increased year by year, which has prompted the export volume of excavators to also increase rapidly, partly alleviating the pressure of insufficient demand in the domestic market.
The position of Chinese excavator enterprises in the global market is gradually improving, especially in Asia, Africa and South America, and the demand is increasing. This is mainly due to the high cost performance and perfect after-sales service system of Chinese brands, which makes the excavator maintain stable growth in the international market.
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