In August 2024, Caterpillar Inc. announced its results for the second quarter of 2024: sales and revenues of $16.7 billion, down 4% year-over-year; Operating margin was 20.9%, compared to 21.1% in the same period last year.
In 2024, the sales of domestic construction machinery showed a weak recovery of the domestic market and a slowdown in the growth rate of the export market. The following is the specific situation:
Overall sales have a certain increase but the growth rate is slow:
According to relevant statistics, the total sales volume of excavators from January to August 2024 was about 130,000 units, down 2% year-on-year. However, domestic sales rose about 7% year-on-year, showing signs of recovery in the domestic market to some extent.
Other construction machinery products such as loaders also have a similar situation, such as 8379 types of loaders sold in July 2024, an increase of 27.1%; From January to July, a total of 65,397 types of loaders were sold, an increase of 3.5%.
The domestic market is gradually picking up:
With the steady progress of the equipment renewal policy and the physical workload of the national debt projects, the domestic market demand has gradually increased. For example, in March 2024, the sales volume of domestic excavators was 15,188 units, an increase of 9.27%. In July, domestic excavator sales reached 6,234 units, an increase of 21.9%.
Domestic sales of some products increased significantly, such as road rollers, graders and other products in the domestic market in some months showed a higher growth rate. For example, in July 2024, roller sales of all types of 1139 units, an increase of 14.8%, domestic 438 units, down 1.57%, but the overall domestic market demand has a good trend.
Our company has been deeply engaged in the field of second-hand construction machinery sales for 15 years, which is a process full of challenges and opportunities, persistence and endeavour. In these long 15 years, we have accumulated a wealth of industry experience and expertise. Our team members are familiar with the performance, characteristics and application scenarios of various construction machinery, and can provide customers with accurate equipment recommendations and professional technical advice. Whether it is excavators, loaders, cranes or other types of construction machinery and equipment, we can accurately assess their value and condition to ensure that every used equipment can meet the actual needs of customers.
Welcome to visit our factory.