During March, the sales volume of excavators is over 30,000 sets, and domestic sales account for over 99% of the overall sales. The start of numerous construction projects is the main reason. In the second year of the “RMB 4,000 billion investment program”, there will be a total investment of 588.5 billion Yuan. In terms of the newly-started projects in the first 3 months, there is obvious growth in the quantity and sum.
According to 21-sun’s investigation, the sales promotion activities held by the excavator manufactures is another reason that contributes to the sales volume of 30,000 sets.
However, the recession of overseas market is a pity for excavator market. According to the statistics of 21-sun, the export sales volume of excavator enterprises is less than 500 sets in the first quarter of 2010, growing by less than 20% year on year. While during the first quarter of 2009, the global economy is in the period of prime financial crisis. The export does not grow steadily as expected, and there is increasing fluctuation and uncertainties.