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Domestic excavator sales plunge 42%, while exports surge 38.8%: Who will be the true “winner” in the construction machinery industry in 2026?

In February 2026, the construction machinery industry delivered a starkly contrasting performance. According to data from the China Construction Machinery Industry Association, excavator sales totaled 17,226 units in February, down 10.6% year on year. Of these, domestic sales plunged by 42% to just 6,755 units, while export sales surged by 37.2% to 10,471 units. Cumulatively for January–February, excavator exports jumped 38.8% year on year. A similar pattern emerged in the loader segment: total sales in February reached 9,540 units, up 9.28% year on year, but domestic sales fell by 14.3% while exports soared by 34.4%; moreover, loader exports for January–February posted a year-on-year growth rate of 43.9%. On one hand, domestic sales hit a near-freeze; on the other, exports are booming. Amid this dramatic divergence, who truly emerges as the winner? I. The First-Layer Winners: Leading Full-System Manufacturers That Rely on the Global Construction Market The most obvious winners are China’s leading OEMs that have already expanded their operations worldwide. Zoomlion kicked off 2026 with a strong start, shipping more than 15,000 pieces of equipment—valued at roughly RMB 8.5 billion—to over 40 countries and regions, including Germany, Australia, and the United Arab Emirates, significantly increasing its overseas share. XCMG, meanwhile, dispatched large batches of complete concrete-machinery fleets to premium markets in Europe, the Asia-Pacific region, and the Middle East, proactively shifting from selling individual machines to offering comprehensive turnkey solutions.

2026-03-31