--- title: "The construction machinery sector continues to thrive: Excavator sales increased by 36% in May, and cranes announced price hikes" type: "News" locale: "en" url: "https://longbridge.com/en/news/289073595.md" description: "In May 2026, the construction machinery industry continued to experience high prosperity. Excavator sales increased by 36.2% year-on-year, and loader sales rose by 27.2%. Driven by improved funding and strong exports, both domestic and foreign sales exceeded expectations. At the same time, major companies such as XCMG, SANY, and LIUGONG announced a price increase of 3%-5% for excavators, marking the first collective price hike in nearly three years, indicating an optimization of the industry's supply and demand pattern" datetime: "2026-06-08T08:36:27.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289073595.md) - [en](https://longbridge.com/en/news/289073595.md) - [zh-HK](https://longbridge.com/zh-HK/news/289073595.md) --- # The construction machinery sector continues to thrive: Excavator sales increased by 36% in May, and cranes announced price hikes In May, domestic and international sales of excavators increased by over 30% year-on-year. According to statistics from the China Construction Machinery Industry Association, in May 2026, major excavator manufacturers sold 24,794 excavators of various types, a year-on-year increase of 36.2%. Among them, domestic sales were 11,628 units, a year-on-year increase of 38.6%; exports were 13,166 units, a year-on-year increase of 34.2%. From January to May 2026, major excavator manufacturers sold a total of 126,875 excavators, a year-on-year increase of 24.7%. Among them, domestic sales were 68,127 units, a year-on-year increase of 18.5%; exports were 58,748 units, a year-on-year increase of 32.9%. Dongxing Securities pointed out that excavator sales in May exceeded expectations, with strong domestic growth mainly due to improved funding availability in the second quarter compared to the previous quarter, combined with a low base effect from the same period last year; the unexpected export growth was mainly due to strong demand in mining areas such as Africa, which not only offset the decline in the Middle East but also supported high growth in the sector on top of last year's high base. In terms of product structure, the growth rates for small, medium, and large excavators in May were 40%, 45%, and 20%, respectively, with medium and large excavators showing particularly notable growth. CITIC Construction Investment stated that this year, domestic excavator sales have shown a clear shift to a later peak season, as this year's Spring Festival was later than last year. Since March, domestic excavators have resumed a high year-on-year positive growth, and it is expected that growth will continue. Exports have maintained strong performance and have not been affected by international situations, tariff changes, or interest rate cuts; the high growth trend of Chinese construction machinery remains intact. Loader sales also achieved high growth. In May, major loader manufacturers sold 13,405 loaders of various types, a year-on-year increase of 27.2%. Among them, domestic sales were 7,418 units, a year-on-year increase of 22.9%; exports were 5,987 units, a year-on-year increase of 33.1%. From January to May, major loader manufacturers sold a total of 67,162 loaders, a year-on-year increase of 27.3%. Among them, domestic sales were 34,506 units, a year-on-year increase of 16.5%; exports were 32,656 units, a year-on-year increase of 41.1%. While sales have surged, the construction machinery industry has seen price increases for major products once again. In May, XCMG (000425), SANY HEAVY IND (600031), and LIUGONG (000528) raised the prices of excavator products by 3% to 5%, marking the first large-scale collective price increase in the industry in nearly three years. Entering June, SANY HEAVY IND and XCMG further announced that starting from July 1, they would raise prices for wheeled cranes, crawler cranes, truck cranes, and other series of products by 2% to 5%. Both companies stated that the price increases were mainly due to the continuous rise in prices of key raw materials such as steel, hydraulic components, electronic devices, and rubber, as well as the ongoing increase in comprehensive costs related to manufacturing, labor, and logistics. Huatai Securities stated that since the beginning of this year, excavators, concrete machinery, and cranes have all begun to raise prices, which is expected to offset the pressure brought by rising raw material costs, indicating that the industry is likely to shift from "price for volume" to "value competition," breaking the market's expectations of continued deflation in the industry Dongfang Securities believes that despite the impact of exchange rates, the overall export status of the industry remains strong. According to data from the General Administration of Customs, in April 2026, China's construction machinery export value was USD 5.77 billion, a year-on-year increase of 12%. The competitiveness of Chinese excavators overseas comes from sustained early-stage layout, product competitiveness, corporate operational capabilities, and the efficiency of industrial chain clusters, with the impact of exchange rates being relatively small. It is expected that Chinese construction machinery companies will continue to maintain prosperity in their overseas ventures in the future. From the perspective of the global competitive landscape, the latest "Yellow Table 2026" released by the UK KHL Group shows that XCMG, SANY HEAVY IND, and Zoomlion (000157) have market shares of 5.8%, 5.1%, and 2.8% respectively, accounting for a total of about 13.7%, indicating significant room for future growth ### Related Stocks - [000528.CN](https://longbridge.com/en/quote/000528.CN.md) - [000425.CN](https://longbridge.com/en/quote/000425.CN.md) - [06031.HK](https://longbridge.com/en/quote/06031.HK.md) - [600031.CN](https://longbridge.com/en/quote/600031.CN.md) - [601555.CN](https://longbridge.com/en/quote/601555.CN.md) - [601066.CN](https://longbridge.com/en/quote/601066.CN.md) - [06066.HK](https://longbridge.com/en/quote/06066.HK.md) - [601688.CN](https://longbridge.com/en/quote/601688.CN.md) - [600958.CN](https://longbridge.com/en/quote/600958.CN.md) - [03958.HK](https://longbridge.com/en/quote/03958.HK.md) - [000157.CN](https://longbridge.com/en/quote/000157.CN.md) - [01157.HK](https://longbridge.com/en/quote/01157.HK.md) - [06886.HK](https://longbridge.com/en/quote/06886.HK.md) - [HTSC.UK](https://longbridge.com/en/quote/HTSC.UK.md) ## Related News & Research - [Sany Heavy Industry to Unify Reporting Under CASBE and Proposes Ending EY H-Share Audit Mandate](https://longbridge.com/en/news/290707239.md) - [Sany Heavy Industry Calls 2026 EGM to Vote on ESOP, Director Pay and Auditor Change](https://longbridge.com/en/news/290720734.md) - [Testing the limits of the shop crane](https://longbridge.com/en/news/290353552.md) - [14:04 ETBigge Crane and Rigging Co. 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