According to the CITIC Construction Investment Research Report, 19,521 excavators of various types were sold in July 2026, an increase of 13.9% over the previous year. Among them: domestic sales volume was 7,608 units, up 4.13% year on year; export was 1,1913 units, up 21.2% year on year. Overall, domestic and foreign sales have maintained positive growth. Among them, exports are still maintaining a high growth rate of more than 20%, and the growth rate of domestic sales has decelerated a lot. Structurally, the growth rate has declined slightly, and is affected by the relatively high domestic sales base in Q3 last year. Overall, it is still maintaining a good trend, and I am optimistic that domestic and foreign demand will continue to resonate and improve. Domestic sales of excavators showed a clear backward trend in the peak season this year, because this year's Spring Festival is late compared to last year, and domestic excavators have recovered a high year-on-year positive growth since March, and it is expected to continue to grow in the future. Exports maintained strong performance, undisturbed by the international situation, changes in tariffs, interest rate hikes, etc., and China's construction machinery growth trend continued. The domestic landscape has improved, and leading companies have begun to raise prices. Companies such as Sany, Xugong, Liugong, and Shantui announced price increases for products such as excavators and cranes, reflecting the slowdown in the price war in the industry since the beginning of the year and the shift to healthy development in the industry.

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