According to the research and analysis, the excavator has the following characteristics:

1. From 2021 to now, the cumulative export accounted for 14.6%, and the export sales of excavators increased year after year.

2. In the short term, excavator sales correspond to the seasonality of infrastructure investment.

3. According to type, it can be divided into mini excavators, wheel excavators and crawler excavators. Respectively applied to infrastructure, real estate, engineering construction.

4. The service cycle of excavator is 7-8 years.

5. The high growth of excavator sales is related to these three factors, namely, equipment renewal, domestic infrastructure demand and foreign demand.