CME observation: about 50000 excavators sold in April in China

After grass root investigation and market research, CME estimated that China's excavator (including export) sales volume was about 50000 in April 2021, with a year-on-year growth of about 10.07%.

From the perspective of market:

The estimated sales volume of domestic market is 45000, with a growth rate of 3.76%;             

The export market is estimated to sell 5000 sets, with a growth rate of 143.31%.

Compared with January March 2021, sales volume increased 85% (domestic market increased 85.3%); The export market rose 81.9%, and the sales volume increased by 10.07% in April 2021 and the domestic market rose significantly, and the export market continued to grow high.

According to the forecast value, the volume of excavators in January April 2021 is 176941, with a year-on-year growth of 55.14%, of which 158565 are in the domestic market, with a year-on-year growth of 51.52%; 18376 export markets, up 95.3 per cent year on year. China's mining machinery market is still at a high growth rate in 2021.

The rapid growth of excavator is bound to bring the rapid development of spare parts market. In the long run, overseas markets have opportunities and space for improvement. Slewing ring bearing as the main parts of excavator, sales demand will certainly increase. Therefore, the distribution of slewing turntable bearing enterprises, might as well know more about some slewing bearing manufacturers, ahead of time to purchase some slewing bearing, seize the market opportunity to win greater profits!

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