Volvo CE: 'China set for move towards excavators'
The Chinese construction market, which has traditionally favoured wheel loaders over excavators, is likely to shift in the opposite direction, according to a Volvo CE official
China's construction equipment market is likely to move away from its traditional preference for wheel loaders, towards the excavator segment.
This is the view of a Volvo Construction Equipment's EMEA sales president, Tomas Kuta, who told Construction Week that the shift is likely to occur as China works to catch up with other developed construction markets.
Speaking on the sidelines of the equipment manufacturer's Volvo Days programme in the Swedish city of Eskilstuna, Kuta added that the exact pace at which this trend will occur "remains to be seen".
"China has historically developed as a wheel loader market," he commented. "Construction firms in China have traditionally picked wheel loaders as the main product for construction and quarry sites. [This trend] has not developed in the same way as the rest of the world, which gradually took to more excavator-based products.
"Around 50% of the global market is currently fulfilled by excavators, and 20% by wheel loaders, which shows that the world has moved with the former, but Chinese methods have moved with wheel loaders."
Although the rate at which the Chinese market will turn towards excavators remains unclear, Kuta contends that the landscape is already changing.
"We [Volvo CE] see the excavator market growing in China, and I think the shift is happening as we speak," he concluded.