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.

31

2026

/

03

Top 10 Global Crane Manufacturers Ranking for 2025

The 2025 Global Top 10 Crane Manufacturers Ranking, released by the organizing committee of the Global Construction Machinery Top 50 Summit, shows that the total sales of the top 10 global crane manufacturers in 2025 reached US$15.882 billion, a year-on-year decrease of 8.57%. Compared with the previous ranking, there were no changes in the companies included in this year’s Top 10 list. Liebherr maintained its leading position with sales of US$4.403 billion; XCMG, Zoomlion, and Sany Heavy Industry ranked second, fourth, and fifth, respectively.

18

2026

/

01

Top 10 Chinese Electric Mining Truck Sales Rankings for 2025

Based on the authoritative data on 2025 electric mining truck sales rankings that have been publicly released so far, we’ve compiled a summary of the market performance of major companies according to the available information.

22

2026

/

01

Top 10 Chinese Construction Machinery Manufacturers Ranking for 2025

According to the industry rankings for 2025, here is the ranking of China’s top ten construction machinery manufacturers. It’s worth noting that different organizations may use varying criteria and place different emphases in their rankings, which can lead to differences in the order of the rankings. The following is a representative list compiled based on multiple rankings.

20

2026

/

01

2025 Yangtze River Delta Construction Machinery, Aerial Work Platforms, Mining Machinery, Lifting Equipment, and Special-Purpose Vehicles Exhibition

Exhibition Preview: In 2025, the Yangtze River Delta region will host a grand celebration of construction machinery. At that time, various types of construction machinery, aerial work platforms, mining machinery, lifting equipment, and specialized vehicles will all be on display. The exhibition will showcase cutting-edge technologies and products from the industry, highlighting innovative technological achievements across a wide range of new construction machinery models. Industry elites from around the globe will gather to celebrate this momentous occasion, discuss industry development trends, and explore new business opportunities. This exhibition serves as an important platform for staying abreast of industry developments, fostering technical exchanges, and expanding business collaborations. We look forward to witnessing this remarkable moment in the industry together with you.

26

2025

/

11

< 12 >