Di Yi Cai Jing·2025-12-12 00:26Core Viewpoint - The report from China Galaxy Securities indicates a clear upward trend in both domestic and international sales growth for excavators in November compared to October, driven by a recovery in demand from the wind and hydropower sectors and strong overseas demand, particularly in Europe, North America, and Australia [1] Group 1: Industry Performance - In November, the growth rate of excavator sales, both domestic and international, increased compared to October, indicating a synchronized upward trend in industry demand [1] - The recovery in non-excavator segments, driven by wind and hydropower, continues to show positive momentum [1] Group 2: International Demand - Demand for mining machinery remains strong in Australia and Latin America, contributing to the overall positive outlook for the industry [1] - In 2024, domestic brands are expected to account for 19.2% of global (excluding China) demand for excavators, suggesting significant room for growth in export volumes [1]