China’s Excavator Sales Posted Solid Growth in November, Says Zheshang Securities

China’s excavator market recorded a strong performance in November, with total sales reaching 20,027 units, representing a year-on-year increase of around 13.9%, according to a research report released by Zheshang Securities.

The report said that the growth was supported by both domestic demand and export sales, as construction activity showed gradual improvement and replacement demand continued to emerge across the market.

Zheshang Securities noted that the November results suggest the industry continued to recover from its cyclical low, with signs of stabilization becoming more evident toward the end of the year. Demand for small and mid-sized excavators remained relatively resilient, while overseas markets continued to play an important role in supporting overall sales.

The stronger November performance adds to expectations that the excavator sector entered December on a firmer footing, providing cautious optimism for the months ahead.