The current used excavator market is generally oversupplied, with prices for small and medium tonnage models (20-30 tons) down 5%-10% year-on-year, while large tonnage models (above 40 tons) remain relatively firm due to demand from mining and large infrastructure projects. When purchasing, it is recommended to prioritize equipment manufactured after 2018 with hours under 8,000, and entrust a professional agency for inspection. Sanqi Machinery can provide third-party inspection reports and OEM parts assurance to help you reduce procurement risks.
Industry Background and Market Supply-Demand
In 2025, the growth rate of domestic infrastructure investment has slowed, but the start-up rate of mining and energy projects remains high, sustaining strong demand for large excavators. The used excavator market shows clear differentiation: small and medium tonnage models have inventory backlogs and intense price competition; large tonnage models are in short supply, especially imported brands. Regionally, East and South China have high circulation volumes and relatively transparent prices; the central-western and northeastern regions have some price advantages, but attention should be paid to equipment provenance and transportation costs.
Price Trends and Popular Models
- Small and medium tonnage (20-30 tons): such as Komatsu PC200-8, Caterpillar 320D, 2015-2018 models priced between 250,000-450,000 RMB, offering high cost-performance, suitable for earthwork projects.
- Large tonnage (40-50 tons): such as Caterpillar 349, Komatsu PC400, post-2018 models priced between 800,000-1.2 million RMB, highly sought after by mining users.
- High cost-performance domestic models: such as SANY SY215, XCMG XE215, priced 20%-30% lower than comparable imported models, but with slightly lower resale value.
In terms of pricing, imported brands retain about 60%-70% of their value over three years, while domestic brands retain about 40%-50%. When purchasing, consider the equipment's year, hours, maintenance records, and wear level.
Buying Tips and Inspection Process
When buying a used excavator, do not just look at the appearance. It is recommended to follow these steps:
- Verify documentation: Confirm that invoices, certificates of conformity, customs declarations, etc., are complete to avoid mortgaged or stolen vehicles.
- Inspect core components: Check the engine, hydraulic pump, and control valve for oil leaks or abnormal noises; test the speed and force of movements.
- Check wear level: Inspect the undercarriage (tracks, rollers), boom, arm, and bucket teeth for wear.
- Test operation: Operate on flat ground and slopes to test swing, travel, and lifting performance.
- Refer to inspection reports: Commission a third-party inspection to obtain data on hydraulic system pressure, engine power, etc.
Precautions and Risk Mitigation
Common risks in used excavator transactions include hidden accidents, hour meter tampering, and incomplete documentation. It is recommended to choose reputable dealers, sign contracts, and clarify warranty terms. For export business, ensure the equipment's emission standards meet the destination country's requirements and handle relevant export procedures. Sanqi Machinery provides comprehensive export services, including logistics, customs clearance, and destination country certification support.
FAQ
How to determine if a used excavator has been in a major accident?
Look for welding marks on the boom and arm, check for deformation in the cab frame and undercarriage, and compare the original condition of bolts and weld points.
Can the hour meter of a used excavator be trusted?
The hour meter may have been tampered with. It is necessary to combine engine wear, hydraulic system pressure, and overall wear to make a comprehensive judgment, and preferably read the original data from the computer.
Should I choose an imported or domestic used excavator?
Imported brands offer stable performance and high resale value, suitable for long-term use; domestic brands are cheaper and easier to maintain, suitable for short-term use or limited budgets.
What procedures are required for exporting used excavators?
Provide the equipment purchase invoice, export customs declaration, certificate of origin, and confirm the equipment meets the destination country's emission standards, and obtain relevant certifications if necessary.
How to maintain a used excavator after purchase?
Immediately replace engine oil, hydraulic oil, and filters, check the cooling system, and perform regular professional maintenance. Using OEM parts can extend the equipment's lifespan.
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