Excavator, also known as excavating machinery, is an earth-moving machine that uses a bucket to excavate materials above or below the plane of the bearing and load it into a transportation vehicle or unload it to a stockyard. The materials excavated by the excavator are mainly soil, coal, sediment, and pre-loose soil and rock. Judging from the development of construction machinery in recent years, the development of excavators is relatively fast, and excavators have become one of the most important construction machinery in engineering construction.
Demand for market pick-up surge
Recently, as the domestic epidemic situation has stabilized, the construction of new infrastructure projects has begun to increase the demand for construction machinery, and the production and sales data of excavators, known as "economic activity thermometers", have continued to rise. The degree of starting and resuming production has been continuously improved.
The industry believes that the domestic epidemic prevention and control situation continues to improve, and various regions have resumed full work one after another, and major projects have started in an orderly manner, which has continued to pick up the demand for construction machinery such as excavators.
From the supply side, the industrial chain of the construction machinery industry is globally distributed. my country's excavator engines currently mainly rely on imports, but under the influence of overseas epidemics, the purchase cost of OEMs may increase. However, in the short term, the inventory of OEMs can still maintain production. With the limited production capacity of foreign parts and components, the penetration rate of domestic core parts is expected to increase, and the domestic substitution of the machinery industry may accelerate. Statistics from the National Bureau of Statistics show that from January to April 2020, the cumulative output of excavators nationwide was 112,927, a decrease of 1.1% year-on-year.
On the sales side, according to the statistics of the China Construction Machinery Industry Association, in fact, not only excavators, but almost all construction machinery equipment supply and sales have recovered to varying degrees. Major domestic construction machinery manufacturers have vigorously ensured supply, but There is still a shortage of supply.
A series of data from the excavator is on the rise. Data show that total sales of excavators in April were 45,426 units, a year-on-year increase of 59.9%. Excavator sales have exceeded 40,000 units for two consecutive months. In March, the total sales volume of excavators was 49.408 million units, a year-on-year increase of 11.59%, a record monthly high. From January to April this year, the cumulative sales of excavators reached 114,000 units, a cumulative increase of 10.5% year-on-year.
The most widely used small excavator
Judging from the sales structure of excavators, at present, my country's excavators mainly meet domestic demand. According to industry statistics of the China Construction Machinery Industry Association, the 25 mainframe manufacturing companies included in the statistics from January to December 2019 sold a total of 235,693 sets of various excavation machinery products, a year-on-year increase of 15.9%. The domestic market sold 209077 units, a year-on-year increase of 13.4%. Export sales were 26,616 units, a year-on-year increase of 39.4%.
As of April 2020, a total of 114,056 excavators have been sold nationwide, including 104,648 domestic sales, an increase of 9.35% year-on-year; export sales of 9,408 units, an increase of 25.7% year-on-year.
In terms of various models, the demand for small excavators under 20 tons in the domestic market is the strongest. As of April 2020, the sales of small, medium and large excavators in the domestic market were 66272, 25919 and 12457 units, accounting for 63.33 respectively. %, 24.77%, 11.90%.
Sany has a clear lead
In recent years, with the continuous development of my country's leading excavator companies, the market share and concentration of independent brands have continued to increase. Among them, Sany Heavy Industry (18.630, -0.20, -1.06%) has maintained a leading position in excavators for many years. In 2019, XCMG (6.090, 0.07, 1.16%) sold more than Caterpillar, ranking second in the country.
According to the statistics of China Construction Machinery Industry Association, in April 2020, Sany Heavy Industry's excavator sales reached 10994 units, an increase of 63.3% year-on-year, and the market share reached 24.2%; Xu Di sales and Caterpillar sales They are 7608 and 4076 respectively, and their market shares are 16.75% and 8.97% respectively.
The above data come from the "Analysis Report on the Production and Sales Demand and Investment of China's Excavator Manufacturing Industry" by the Foresight Industry Research Institute. At the same time, the Foresight Industry Research Institute provides industrial big data, industrial planning, industrial declaration, industrial park planning, and industry investment attraction solutions.
