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7月挖掘机销量同比大增25.2%,内外需共振下景气度有望延续
Sou Hu Cai Jing·2025-08-08 03:52

Group 1 - The sales of various types of excavators reached 17,138 units in July 2025, representing a year-on-year increase of 25.2%, with domestic sales of 7,306 units (up 17.2%) and exports of 9,832 units (up 31.9%) [1] - Cumulative sales from January to July totaled 137,658 units, a year-on-year increase of 17.8%, with domestic sales of 72,943 units (up 22.3%) and exports of 64,715 units (up 13%) [1] - Excavators are considered a "barometer" of the national economy, influenced by changes in downstream real estate, infrastructure demand, and equipment replacement cycles [1] Group 2 - The Ministry of Finance emphasized the importance of expanding domestic demand to stabilize economic growth, indicating that policies to boost domestic demand will continue to be implemented [1] - The National Development and Reform Commission announced that the list of "two heavy" construction projects worth 800 billion yuan has been fully allocated, and central budget investments of 735 billion yuan have been largely disbursed [3] - The commencement of the Yarlung Tsangpo River downstream hydropower project, with a total investment of approximately 1.2 trillion yuan, is expected to continuously drive demand in the engineering machinery industry [3] Group 3 - The lifespan of excavators is around 8 years, with the previous sales peak occurring from 2019 to 2022, driven by government policies promoting the elimination of old equipment [4] - The global demand for infrastructure in emerging markets is expected to grow, with high-quality domestic equipment gaining popularity, leading to an increase in the global penetration rate of domestic products [4]