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The Chinese flooded Russia with cheap excavators

  • February 19, 2023
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The Russian market is increasingly turning into a Chinese one. Perhaps only with rare exceptions in the form of domestically produced goods and products from neighboring Belarus. And

The Russian market is increasingly turning into a Chinese one. Perhaps only with rare exceptions in the form of domestically produced goods and products from neighboring Belarus. And we are talking about almost all segments, including excavators.

The Chinese comrades are occupying the passenger car and heavy vehicle market with all their might. The construction equipment, tractors and excavators sector is not far behind. According to Avito Auto, seven of the ten best-selling forklifts in our country are relatively cheap models of Chinese brands.

The fastest rise was demonstrated by the Lonking brand, which jumped from ninth to first place in one year. The brand gained 20.2% of the market share of all new excavators introduced in Russia. Demand grew almost 3.5 times.

Second place in terms of demand was taken by XCMG with 18.8% of the total excavator supply. Incidentally, this Chinese brand was the absolute leader in the segment a year earlier.

Sany closes out the top three – 10.9% of total revenue. The demand for models of this “heavenly” brand has doubled. Also in the TOP-10 “most-most” brands are Shantui, Yuchai and Zoomlion.

The Chinese comrades are occupying the passenger car and heavy vehicle market with all their might. The construction equipment, tractors and excavators sector is not far behind. According to Avito Auto, seven of the ten best-selling forklifts in our country are relatively cheap models of Chinese brands.

The fastest rise was demonstrated by the Lonking brand, which jumped from ninth to first place in one year. The brand gained 20.2% of the market share of all new excavators introduced in Russia. Demand grew almost 3.5 times.

The second place in terms of demand was taken by XCMG with an indicator of 18.8% of the total excavator supply. Incidentally, this specific Chinese brand was the absolute leader in the segment a year earlier.

Sany closes out the top three – 10.9% of total revenue. The demand for models of this “heavenly” brand has doubled. Also in the TOP-10 “most-most” brands are Shantui, Yuchai and Zoomlion.

Source: Avto Vzglyad

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