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Excavators According to statistics from the China Construction Machinery Industry Association, 18,822 excavators of all types were sold in China in April 2024, an increase of 0.27% year-on-year. Of these, 10,782 units were sold domestically, an increase of 13.3% year-on-year, and 8,040 units were exported, a decrease of 13.2% year-on-year. In the first four months of 2024, a total of 68,786 excavators were sold, a decrease of 9.78% year-on-year. Of these, 37,228 units were sold domestically, a decrease of 2.9% year-on-year, and 31,558 units were exported, a decrease of 16.7% year-on-year. 5 electric excavators were sold in April 2024 (1 unit in the 10-18.5 ton range and 4 units in the 18.5-28.5 ton range). Wheel loaders   According to statistics from the China Construction Machinery Industry Association, 9,779 wheel loaders of all types were sold in China in April 2024, an increase of 0.89% year-on-year. Of these, 5,309 units were sold domestically, an increase of 0.91% year-on-year, and 4,470 units were exported, an increase of 0.86% year-on-year. In the first four months of 2024, a total of 36,400 wheel loaders of all types were sold, a decrease of 6.61% year-on-year. Of these, 18,445 units were sold domestically, a decrease of 12.5% year-on-year, and 17,955 units were exported, an increase of 0.27% year-on-year. 940 electric wheel loaders were sold in April 2024 (7 units of 3 tons, 754 units of 5 tons, 153 units of 6 tons, and 26 units of 7 tons).

As the construction industry continues to rebound from the COVID-19 pandemic, the demand for heavy machinery like wheel loaders is on the rise. The U.S. construction market reached $2.3 trillion in 2023 and is expected to grow by 4% annually over the next four years. Globally, construction equipment sales are projected to hit $228 billion by 2026, up from $161 billion in 2020. 📈 🔗 Learn more about the evolving role of wheel loaders in the construction industry and how they contribute to improved efficiency and productivity: https://lnkd.in/e5rG6iG2 #Construction #HeavyMachinery #WheelLoaders #ConstructionEquipment

The Pros and Cons of Heavy and Compact Construction Equipment #thegradest #contractorlife #bayarearentals #BayAreaBusiness #EquipmentRentals #CompactMachinery #ConstructionBayArea #CompactLoader #SkidsteerLoader #MiniExcavatorRental

.Excavators are heavy construction equipment primarily consisting of a boom, dipper (or stick), bucket and cab on a rotating platform known as the "house"[1] - although the largest form ever, the dragline excavator, eliminated the dipper in favor of a line and winch. The modern excavator's house sits atop an undercarriage with tracks or wheels, being an evolution of the steam shovel (which itself evolved into the power shovel when steam was replaced by diesel and electric power). All excavation-related movement and functions of a hydraulic excavator are accomplished through the use of hydraulic fluid, with hydraulic cylinders and hydraulic motors,[2] which replaced winches, chains, and steel ropes.[3] Another principle change was the direction of the digging action, with modern excavators pulling their buckets toward them like a dragline rather than pushing them away to fill them the way the first powered shovels did.Snorkel Hyundai Korea Motors PGD Komatsu-Mitsui Maquinarias Peru S.A.

When assembling your construction fleet, you may consider whether to buy used or new excavators. There will be several factors to consider when making this decision such as budget, functionality, and the scope of the project so it can be difficult to know which option is right for you. 🔥 Dig into this blog for more information about the pros and cons of buying a new or used excavator: https://ow.ly/SWn150TFy46 #HCMUK #UsedEquipment #ConstructionMachinery #NewOrUsed

Construction Machinery Industry Major Events Weekly News-July 13, 2024 June Excavator Sales in Domestic Market Reach 7,661 Units, Up 25.6% Year-on-Year According to statistics from the China Construction Machinery Association (CCMA) on major excavator manufacturers, 16,603 excavators of various types were sold in June 2024, a year-on-year increase of 5.31%. Of these, 7,661 units were sold in the domestic market, up 25.6% year-on-year, and 8,942 units were exported, down 7.51% year-on-year. Domestic Demand Improvement, Equipment Renewal, and Overseas Opportunities: Construction Machinery Embarks on "Recovery Trilogy" The upward trend in the construction machinery industry's business outlook seems to be increasingly evident. Recently released data shows that the domestic sales of excavators and loaders in China exceeded expectations in May and June, and the start of construction is also showing signs of recovery. In addition, many institutions point out that under the dual resonance of the double cycle of large-scale equipment renewal and industry self-renewal, 2024 will be the year for the domestic excavator market to bottom out, and the industry is expected to enter an upward cycle in the future. For leading companies, the overseas market is also significant, and there is still great potential for construction machinery to export to overseas. Total Investment of Major Projects Approved in May 2024 Exceeds 350 Billion Yuan According to statistics from Suidang Technology•Infrastructure Pass Big Data (cnsuido01), in May 2024, a total of about 30 major railway, highway, and airport projects with an investment of more than 500 million yuan each were approved by the National Railway Group, provincial and municipal development and reform commissions/transportation bureaus/government websites, the Ministry of Natural Resources, the National Development and Reform Commission, and the Ministry of Ecology and Environment. The approved contents include project feasibility study reports, project approvals, construction land use, preliminary designs, construction drawings, etc., with a total project investment of more than 350 billion yuan.

Excavators are a cornerstone of modern construction, featuring powerful components like a rotating platform, long arm, and heavy-duty tracks. These machines excel at digging, scooping, and lifting, making them invaluable for any project. Learn how excavators can reduce errors, save time, and improve safety in your projects. We have explained their advantages and how they can make a difference. Check out those in our blog: https://lnkd.in/dwZmK-Ri . . #Excavators #ConstructionEfficiency #HeavyEquipment #HexcoGlobal #ExcavatorBenefits #ProjectManagement #ConstructionTech #SiteSafety #Machinery #ConstructionTools #HeavyMachinery #ExcavatorOperator #BuildingSuccess #ConstructionInnovation [Excavators, Project Efficiency, Heavy Equipment, Construction Efficiency, Excavator Benefits, Site Safety, Construction Technology, Heavy Machinery, Construction Tools, Excavator Operator]

Action Construction Equipment Ltd Q3FY24 Concall: Segment- Revenue Growth YOY - Margins: 1. Crane segment -43% - 16.24%. 2. The Construction Equipment - 45% - 11.7%. 3. The Material Handling segment - 9% - 16.3% . 4. The Agri division - flat at Rs 62.4 Cr - 3.85%. CAPEX: 5. All capex plans are on track. The new manufacturing facility for high power cranes and fork lifts was partially operational in Q3 and will be fully operational in Q4. 6. Co has acquired additional 80 acres of land next to the existing manufacturing facility. Existing land would limit the revenue to 5000 Cr. 6A. Looking for inorganic expansion abroad and in India. Co is hush-hush about it. 7. Electric cranes still on hold due to CMVR compilation. The CMVR may be drafted by the end of this quarter. 8. Defence revenue is 2-2.5%. Last time the big order from this space was around 500-550 Cr for multi purpose tractor -MPT. They also supplied truck mounted cranes for MRSA mission. 60 ton crane costing 1.5-2 Cr each. Recently they supplied 330 units of forklift. 9. They are working with the army for 1800 untis of R Rough Terrain Forklifts costing bw 35-45 L. Recently they made a prototype. Two companies participated in this. They are technically qualified. Other co is a foreign co. If they get this order, it will be the biggest army order in terms of value. Could be btwn +/- 700 Cr. 10. Army could be 5% of topline in next 2/3 years. They are only doing specialized machines for them which the army had to import earlier. 11. Apart from this they are also supplying rough terrain cranes to Indian navy which cost between 1.5-2.5 Cr. 5-10 of these will be delivered in Q4. 12. Co was short of machinery by end of december. 13. Slow down in exports due to increased logistics cost. 14. Co will have first mover advantage with aerial work platform. It should get commercialised by Q4. 15. co is also working on another new product called a Reach Stacker, which is used for container handling. 40-45 Tons. They're big machines, each costing about INR 2.5 crores, INR 3 crores. With logistics and import duty increase, the price for these will increase. Guidance: >Co increases the guidance once again. They started the year with guiding for 18-20% growth in cranes. Revised to 25% by end of H2 and now increases it to 30%. > Upholding the previous guidance of 50% in construction segment. 15-20% in material handling and agri segment. > Overall growth to be around 32% with margins at 15.5%+ . > Will double FY23 revenue (2200) by FY26. IN FY27, revenue will be 5500 Cr

Industry Hotspot - 22.04.2024 -Policy Driving: The construction machinery industry may initiate a replacement cycle due to policy incentives. On April 12th, several individual stocks in the construction machinery sector were actively traded, with Jianshe Machinery, XCMG, Jifeng Technology, and Zhejiang Dingli leading the gains. In recent news, the Ministry of Housing and Urban-Rural Development issued the “Implementation Plan for Promoting the Renewal of Construction and Municipal Infrastructure Equipment” (referred to as the “Implementation Plan” below). Analysts suggest that the domestic construction machinery replacement cycle is set to begin, and the industry cautiously anticipates the resulting market recovery effect. -Electric Wheel Loader Sales Reach New Heights as Multiple Companies Expand Their Presence Under the guidance of environmental policies, the electrification process in the construction machinery industry is accelerating. As a crucial product category within this industry, electric wheel loaders have consistently attracted attention. Despite an overall decline in wheel loader sales in March, electric wheel loaders have stood out remarkably, achieving sales of 686 units. Notably, electric wheel loader sales defied the trend, experiencing a staggering 308.33% year-on-year growth. -March Excavator Domestic Sales Exceed Expectations, Clear Signs of Recovery According to data from the China Construction Machinery Industry Association, sales of various types of excavators in March 2024 reached 24,980 units, representing a 2.34% year-on-year decline. However, the domestic market saw a remarkable 9.27% growth, with 15,188 units sold. This surge has brought sales levels back above the 15,000-unit threshold, signaling an impending turnaround in the market.  

Statistics from the China Construction Machinery Industry Association (CCMA) on major wheel loader manufacturers indicate that 10,794 wheel loaders of various types were sold in June 2024, a year-on-year increase of 26.2%. Domestic sales reached 5,296 units, up 22.6% year-on-year, while exports totaled 5,498 units, a 29.8% increase compared to the same period in 2023. For the first six months of 2024, a total of 57,018 wheel loaders of various types were sold, representing a year-on-year increase of 0.74%. Domestic sales were 28,913 units, down 3.34% from the same period last year, while exports reached 28,105 units, up 5.32% year-on-year. In June 2024, 1,570 electric wheel loaders were sold (3 tons: 16 units, 5 tons: 1,247 units, 6 tons: 268 units, 7 tons: 39 units). According to statistics from the China Construction Machinery Industry Association (CCMA) on major excavator manufacturers, 16,603 excavators of various types were sold in June 2024, a year-on-year increase of 5.31%. Domestic sales reached 7,661 units, up 25.6% year-on-year, while exports totaled 8,942 units, a 7.51% decrease compared to the same period in 2023. For the first six months of 2024, a total of 103,213 excavators of various types were sold, a year-on-year decrease of 5.15%. Domestic sales were 53,407 units, up 4.66% from the same period last year, while exports reached 49,806 units, down 13.8% year-on-year. In June 2024, 16 electric excavators were sold (1 unit below 6 tons, 2 units between 10 and 18.5 tons, 11 units between 18.5 and 28.5 tons, and 2 units above 40 tons).