China's 26 leading excavator makers sold a total of 126,941 excavators in the first quarter of 2021, surging 85% year on year, data from the China Construction Machinery Association (CCMA) has revealed.
Taking a closer look at the CCMA data, 113,565 excavators were sold in the domestic market, rocketing up 85.3% year on year, while exports of the equipment rose by 81.9% to 13,376.
In March alone, excavator sales came in at 79,035 units, up 60% from the same period last year.
CCMA notes that sales of digging machines are an important indicator of the vitality of an economy as demand is usually backed by growth in mining and infrastructure development.
Meanwhile, the CCMA has also highlighted that sales of China's 23 top loader manufacturers hit 22,772 in March 2021, a 52% year-on-year increase. Some 4,151 loaders were exported to the abroad marketplace, a 40.5% upsurge from the same period in 2020.
In the first quarter, total loader sales reached 39,333 units, increasing 60.7% year-on-year.
Chinese construction equipment industry insiders state that the vigorous pace of sales shows sturdy demands for building machinery and macroeconomic energy in the quarter.