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November continued to soar 432%, the key to electric loaders in 2024

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November continued to soar 432%, the key to electric loaders in 2024 1

1-Association data show: 

In November 2023, All kinds loaders were sold 8,873 units, down 34.7% year on year. Among them, 5,200 units were sold in the domestic market, down 48.4% year on year; 3,673 units were sold for export, up 4.73% year on year. 

From January to November 2023, a total of 3,079 units electric loaders were sold (3 tons 15, 5 tons 2,344, 6 tons 720), among which 543 units were sold in November. 

2-Analysis of sales and growth rate of electric loaders in November

 In November 2023, the sales of electric loaders included in the statistics were 543 units, up 432% year on year, which has been growing at a year-on-year growth rate of more than 4 times for three consecutive months. The total amount of more than 500 electric loaders has been four to five billion.

November continued to soar 432%, the key to electric loaders in 2024 2

3- Analysis of sales proportion of electric loaders and ordinary loaders

In November, as the growth rate of electric loaders dropped from 603% to 432%, the sales proportion of electric loaders and domestic ordinary loaders returned to 10% again, but also stabilized at the level of 10%, which is a new stage compared with the original 10%. 

November continued to soar 432%, the key to electric loaders in 2024 3

4 Comparison of accumulated sales of electric loaders

From the comparison of accumulated sales of electric loaders in 2023 and 2022, it is obvious that the accumulated sales are growing rapidly and the multiple is expanding. 

November continued to soar 432%, the key to electric loaders in 2024 4

5 - Some personal views on the development of electric loaders 

From the current situation, the popularity of electric loader is still in the key period of explosive volume. If the sales volume can be broken through to more than 1000 units per month in 2024, the development of pure battery loader can officially enter a period of stable development. At present, the concept of electric has gone deep into the hearts of manufacturers and customers, which is nothing more than how to reduce the cost of electric loader. In many fixed scenarios, electric towing loaders have almost largely replaced fuel vehicles, but these have not entered the sales statistics. 

6 - The latest product distribution of electric loaders 

At present, almost all domestic electric loader manufacturers have electric products, and European and American loader manufacturers have basically realized the coverage of electric products, but Europe and America are basically articulated small and medium-sized electric loaders. 

From the current delivery situation, electric loaders have formed a new competition pattern compared with fuel loaders, that is, Liugong and XCMG have formed the first legion of two head enterprises, and there are several enterprises in the middle that can be called the second legion. Many other enterprises are basically sporadic delivery, a sesame seed.

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