According to statistics from China Construction Machinery Industry Association, the top 25 excavator manufacturers included in the statistics in December 2020 sold 31,530 excavators of various types, a year-on-year increase of 56.4%; of which 27,319 were domestic, a year-on-year increase of 58.5%; exports were 4,211, a year-on-year increase An increase of 44.4%.
From January to December 2020, a total of 327,605 excavators were sold, a year-on-year increase of 39%; of which, 292,864 were domestic, a year-on-year increase of 40.1%; and 34,741 were exported, a year-on-year increase of 30.5%.
From the data, we can see that the growth of China’s construction machinery, especially excavators, is incredibly significant. Driven by the growth of the host market, spare parts, especially hydraulic parts, have grown significantly. The hydraulic motors produced by Weitai Hydraulics will also grow against the trend in 2020 and have achieved outstanding results.
WEITAI Group will continue to cultivate in the hydraulic industry, based on hydraulic motors and hydraulic pump valves as a breakthrough point, and continue to improve our accumulation in mobile hydraulics and make more contributions to China Mobile Hydraulics.