Excavator sales set to jump in 2017

Chinese excavator manufacturers are expected to see a 50 percent year-on-year jump in sales to 120,000 units by 2017, despite the low stocks available due to the quiet market in the past five years, officials said on Wednesday.

The excavator branch of the China Construction Machinery Association reported that the country's major construction machinery makers sold 82,725 units to both domestic and overseas markets between January and July, up 101.3 percent year-on-year. The figure for the first seven months of this year outperformed the total annual sales of 70,320 units last year.

Both domestic and overseas markets have shown growing demand for excavators, with 77,814 units sold at home, up 111.7 percent year-on-year and 4,884 units sold abroad, up 14 percent.