Domestic infrastructure and real estate investment have entered a platform period of stable development, and the urbanization rate will continue to increase steadily in the next few years, resulting in the continuous expansion of the ownership of construction machinery and equipment. With the aggravation of population aging, the construction machinery and equipment represented by small excavation has spawned a large number of machine replacement needs, and its instrumental attribute is becoming more and more obvious, which provides strong support for the medium and long-term growth of excavator and smoothes the periodic fluctuation of excavator industry
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