Machinery / Industrial Parts & Tools

According to the latest data from JK Construction Machinery, China's construction machinery market index (CMI) was 120.47 in June 2021, a year-on-year decrease of 9.13% and a month-on-month decrease of 1.93%. According to the CMI judgment standard, 100<CMI≤130 develops steadily and the market is tepid, but we must be alert to market downside risks.

In June 2021, China's construction machinery market index decreased year-on-year and month-on-month growth rates, and the year-on-year decline was slightly greater than the month-on-month decline, indicating that the domestic construction machinery market in June was less popular than the same period last year.

Although the domestic excavator market has been declining for three consecutive months due to the periodicity, the high base of the previous year and the availability of funds, the current situation shows that newly started projects and improvements in funds in place are transmitted to the terminal market, and it is expected to reach the end of the market. Around the first ten days of this month, the overall market situation may improve further.

Incorporating the excavator sales data and other related index data in May 2021 into the monitoring and forecasting data model of the Chinese construction machinery market, the craftsman construction machinery predicts that the domestic excavator market sales will reach 16,190 units in June 2021, a year-on-year decrease of 25.5 %.