The main brands and driving factors for the fastest export growth

Release date 2026-03-15 15:21:40 Reading 21

used excavator In February 2026, 17226 excavators of various types were sold, a year-on-year decrease of 10.6%, of which 6755 were sold domestically, a year-on-year decrease of 42%; The export sales volume was 10471 units, a year-on-year increase of 0.2%. Thirty five electric excavators will be sold in February 2026. In January and February 2026, the domestic consumption was 15478 units, a year-on-year decrease of 9.19%; used excavatorExported 20456 units, a year-on-year increase of 0.8%.

Event: The China Construction Machinery Industry Association released sales statistics for major enterprises' excavator and loader sales in February 2026.

Juesheng Machinery

used excavatorExcavators: In February 2026, 17226 excavators of various types were sold, a year-on-year decrease of 10.6%, of which 6755 were sold domestically, a year-on-year decrease of 42%; The export sales volume was 10471 units, a year-on-year increase of 0.2%. Thirty five electric excavators will be sold in February 2026. In January and February 2026, the domestic consumption was 15478 units, a year-on-year decrease of 9.19%; Exported 20456 units, a year-on-year increase of 0.8%.

Loader: 9540 units of various types of loaders were sold in February 2026, a year-on-year increase of 9.28%. Among them, the domestic sales volume was 3863 units, a year-on-year decrease of 14.3%; The export sales volume was 5677 units, with a year-on-year growth of 0.4%. 2142 electric loaders will be sold in February 2026. In January and February 2026, the domestic consumption was 9156 units, a year-on-year increase of 0.5%; 12143 units were exported, a year-on-year increase of 0.9%.

The export of excavators is improving. Domestically, the domestic sales of excavators in February 2026 decreased by 42% year-on-year, used excavatormainly due to the Chinese New Year holiday in February 2026, which resulted in a decrease of two working days and weak short-term demand. used excavatorAt the same time, the relatively high base of the same period last year led to a lag in demand landing. In the future, domestic projects such as non-ferrous mines, major water conservancy projects, Xinjiang Tibet Railway, and high standard farmland will gradually be implemented, releasing demand dividends and helping the domestic construction machinery industry to recover demand. The lifespan of excavators is around eight years, with the last peak in sales occurring from 2019 to 2022. The government continues to promote the implementation of large-scale subsidies for phasing out old equipment, stimulating the early release of downstream demand for updates. Excavator demand has entered a period of rational growth, and it is expected that domestic sales will continue to recover. In terms of overseas sales, will exports increase by 0.2% year-on-year in February 2026, even during the Chinese New Year holiday, overseas sales will continue to improve; In December 2025, the total export value of excavators (including tracked and wheeled) in China was 1.277 billion US dollars, a month on month increase of 39.28%, and a significant increase of 1.7% compared to the 72.9 billion US dollars in the same period of 2024; Shortly after, four countries including Russia, Indonesia, Guinea, and the Philippines all saw significant increases, with Russia and Guinea both increasing by over 100%. After high cost-effectiveness and high-quality sales, used excavatordomestically produced products are being favored, and the penetration rate of domestically produced products is gradually increasing globally. From the perspective of the export value of construction machinery, the total export value of China's construction machinery in 2025 will be 60.169 billion US dollars, a year-on-year increase of 0.8%. The mining machinery industry is expected to continue to recover throughout the year.

The import and export of loaders have seen a significant increase. In January and February 2026, domestic consumption increased by 0.5% year-on-year, and domestic sales continued to recover, indicating a rebound in domestic demand. This is mainly due to used excavatorthe concentrated construction of major domestic projects, such as the Yaxia hydropower station and the Xinzang railway. The projects have entered a peak period of soil and rock demand, promoting an increase in installed capacity. In February 2026, overseas sales and exports increased by 0.4% year-on-year, mainly due to the sustained growth in demand for establishing foundations in emerging markets worldwide. In February 2026, the sales of electric loaders reached 2142 units, with an electrification penetration rate of 22.45%. With the gradual expansion of downstream application fields of electric loaders, their economy has been recognized by the market.

used excavatorThere is a link in the middle: issuing convertible bonds to help promote globalization and industrial innovation and transformation. The company will complete the issuance of H-share convertible bonds with a total principal amount of RMB 6 billion within five days on February 2026. After deducting payable fees, commissions, and expenses, the net proceeds from bond subscription will be approximately RMB 5.942 billion. 50% of the raised funds will be used to support the implementation of the company's global development strategy, including the construction of overseas production and manufacturing bases, warehousing and logistics systems, research and development centers, marketing systems, and post market service systems, to build a comprehensive competitiveness covering global market demand; Another 50% will be used to support the implementation of the company's innovation driven high-quality development strategy, including the research and application of cutting-edge new technologies such as robots, new energy, and intelligence, as well as the research and development of a batch of new products and related core components such as new energy agricultural machinery, new energy mining machinery, and embodied intelligent robots, laying a key foundation for enhancing the international competitiveness of the company's products.

used excavatorSuggested attention: With the commencement of major water conservancy projects, domestic demand is recovering and rebounding; In terms of overseas sales, domestic enterprises are laying out pre - and post sales networks, establishing local overseas production capacity, entering a period of accelerated globalization, and gradually increasing market penetration. It is recommended to pay attention to overseas deep layout, high brand recognition, complete product matrix, efficient cost and expenses, and research from strong leading enterprises such as Sany Heavy Industry, Zoomlion Heavy Industry, Liugong, Shantui Co., Ltd., Hengli Hydraulic, etc.

Risk Warning: Trade Friction Risk; Overseas demand will slow down; Market competition risk; The policy falls short of expected risks.

In February 2026, China's excavator export sales increased by 0.2% year-on-year, reaching 10471 units, continuing the strong overseas growth momentum. From the perspective of brand performance, leading enterprises such as Sany Heavy Industry, Zoomlion Heavy Industry, and Xuzhou Construction Machinery have shown more outstanding performance in export growth, which is the core force driving the continuous increase of the global market share of national excavator production.

These brands of excavators have the fastest growth in export volume

The main brands and driving factors for the fastest export growth:

used excavatorThree major projects

As a leading enterprise in China's engineering machinery exports, the three companies continue to expand in markets such as Europe, America, Southeast Asia, and Africa. His small and medium-sized excavators are widely favored by customers at home and abroad for their high performance price ratio, reliable performance, and localized service network. According to data from 2025, three of them have entered the top three globally in the field of mini excavator exports, and their market share is steadily increasing.

There is a heavy department in the middle

used excavatorIn February 2026, a joint venture of China National Heavy Industry Corporation completed the issuance of 6 billion yuan worth of H-share convertible bonds, of which 50% of the funds will be used for global expansion, including the establishment of overseas production bases, research and development centers, and post sales service systems. This strategy has accelerated his market penetration in regions such as Russia, Southeast Asia, and the Middle East. Starting from 2026, there will be a significant year-on-year increase in exports, especially with a growth rate of over 100% in the Russian market. Xuzhou Construction Machinery

Dr. Xu has established a deep layout along the border countries through the "One Belt, One Road" initiative, strengthening local channels and leasing cooperation models, and promoting the coordinated development of loaders and excavators overseas. The gradual opening of its electrified product line to the European market, political and landscaping engineering markets, has become a new engine for export growth.

Liugong, Shantui Co., Ltd., Yuchai excavator

used excavatorLiugong has long-term channel advantages in the African and South American markets, Shantui has performed steadily in the export of tracked equipment, and Yuchai has occupied a place in the Southeast Asian micro engineering market with its small excavators. These brands together constitute the "second tier" of China's excavator exports, driving overall export volume growth.

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The main brands and driving factors for the fastest export growth

High quality and low price

We guarantee the quality of each machine and promise to offer you the most favorable price.

The main brands and driving factors for the fastest export growth

We guarantee the quality of each machine and promise
to offer you the most favorable price.