Some industry data is also an important reference for macroeconomic research, and excavators are one example. In 2017, the sales volume of excavators doubled, and other indicators such as the starting time were also reflected in the year's impressive market performance of excavators. Behind the hot industry is the continuous improvement of macroeconomic conditions such as China's economic recovery and export warming.
Sales have reached a high point in history
According to the data published by the China engineering machinery industry association mining machinery branch, 25 mainframe manufacturing enterprises, which were included in the statistical scope of the association in 2017, were sold in 140303 types of mining machinery products, and the increase was 99.5%. In 2017, it also became the third highest point in the history of excavator sales after 2010 and 2011.
Even in the fourth quarter of the sale of excavators in the off-season also achieved extraordinary performance, monthly sales have broken ten thousand. In 2017 10-12, the sales volume of excavators increased by 81.2%, 107.4% and 102.6% respectively.
In addition, the number of hours of mechanical attendance increased slightly over the past year, and the attendance rate of equipment was also at a relatively high level. This is also one of the important indicators to measure the demand for mining machinery and determine the future development of the industry.
Liu Xiangdong, deputy research fellow of the Economic Research Department of the China International Economic Exchange Center, analyzed the newspaper and reporters. The data of the excavator industry reflected the demand for the construction of infrastructure projects such as roads and bridges. In 2017, China's economic performance was bright, and infrastructure investment also had enough kinetic energy support.
Domestic and foreign market warming
Specifically, in 2017, the sales volume of excavators in the domestic market (excluding Hong Kong, Macao and Taiwan) was 130559, an increase of 107.5% over the same period, and export sales of 9672 units, representing an increase of 32% over the same period.
Many experts said that in 2017, the sales volume of excavators reached the third highest level in history, which had both domestic fundamentals and environmental improvements.
Tang Jianwei, chief macroeconomic analyst at Bank of communications Financial Research Center, believes that after years of low inventory in the excavator industry, the market needs to replenishment. In addition, last year's global economic recovery, driving China's exports to pick up, coupled with some growth points of domestic investment, pulled the demand for excavators. Another analysis said that the 2017 excavator renewal demand is strong, superimposed environmental protection and the manufacturers to replace the old new policy, updating demand boosted the sales of excavators in 2017.
Liu Xiangdong stressed that the growth of China's excavators is now at the same time in two domestic and international markets. In particular, with the promotion of "one way and one road" construction, China's capital, enterprises and projects go out and drive the equipment to go out, and the export sales of the excavators are also rising.
A steady trend in the future
In 2018, it was expected that the excavator in the first quarter remained high. In the next few years, how will the excavator industry develop?
"It is estimated that the sales volume of excavating machinery will be stable within 120 thousand to 160 thousand units in the past 2018-2020 years." China engineering machinery industry association mining machinery branch pointed out that the market will maintain a steady trend in the next 3 years by integrating the international and domestic economic situation, environmental policy, the renewal demand of the stock equipment, the mining industry investment, the real estate construction, the infrastructure construction and the urbanization.
Liu Xiangdong also expressed a similar view. He believes that in the coming period, infrastructure needs will be stable, and the excavator industry will maintain a steady development trend. From the domestic point of view, the infrastructure will also make up the short board to release the effective infrastructure demand. In the international view, China's excavators will be more involved in international market competition, and the world infrastructure construction has a large market space, "along the way" construction and international capacity cooperation, and the Chinese excavator industry is in 2-3 years. It is expected to continue the steady development trend.
