Industry News

Industry News

25/09/15

Global Excavator Market Rebounds in 2024: Infrastructure Boom Meets Electrification Challenges

The global excavator industry demonstrated a robust recovery in 2024, ending a three-year declining trend with steady growth driven by renewed infrastructure investments and technological advancements. According to industry statistics, worldwide excavator sales surpassed 200,000 units last year, marking a 3.1% year-on-year increase as both domestic demand and export markets showed signs of revival.