According to industry statistics from the China Construction Machinery Industry Association, the 26 mainframe manufacturers included in the statistics from January to February 2021 sold a total of 47,906 units of various excavation machinery products, a year-on-year increase of 149.2%.
In February 2021, a total of 28,305 units of various excavation machinery were sold, a year-on-year increase of 205.0%, exceeding expectations and setting a record high in February sales (the previous high was 20,600 units in February 2011).
Among them, the domestic market sold 24,562 units, a year-on-year increase of 255.5%, showing a trend of strong industry demand. In the same period last year, due to the Spring Festival holiday factors and the impact of the new crown epidemic, the sales of excavators were under pressure. Therefore, most of the reason why domestic sales exceeded expected growth in February this year was due to the low base in the same period last year. In addition, the implementation of this year's "New Year's Day on the spot" policy has prompted the construction site to start earlier than in previous years, and construction projects after the holiday are started earlier, which is also the reason for the significant increase in excavator sales.
In terms of exports, with the easing of overseas epidemics, overseas economic recovery is expected to continue to rise, resulting in an increase in external demand for excavators. Export sales in February were 3743 units, a year-on-year increase of 57.9%. However, the growth rate may be affected by the Spring Festival holiday. Slow down. It is expected that in 2021, with the easing of the epidemic and the government's vigorously driving various policies and measures for the "Belt and Road" trade, the increase in external demand for excavators will support the export of excavation machinery and drive exports to achieve steady growth.
From the perspective of tonnage structure, the sales volume of large digging (≥28.5t) in February was 2609 units, an increase of 191.2% year-on-year; the sales volume of medium digging (18.5-28.5t) was 7,422 units, an increase of 396.8% year-on-year; the sales volume of small digging (<18.5t) was 4,519 Taiwan, a year-on-year increase of 221.6%. The sales of large, medium and small diggers have grown rapidly, and the medium digger performed the most dazzling. With an increase of nearly 400%, it became the biggest dark horse among the three tonnage models of the month.
Large digging, medium digging, and small digging accounted for 18%, 51%, and 31%, respectively. Among them, China Dig accounted for a significant increase compared to the same period last year (22%), and the increase more than doubled. At the same time, the proportion of 51% of the digging in the month is also the first time since 2020 to break the absolute advantage maintained by the small digging, becoming the main support among the three tonnage models. Previously, the highest proportion of mining in each month of 2020 was only 30%, while the proportion of small mining remained above 55%. As of early March, 28 provinces and cities across the country have issued infrastructure fixed asset investment plans for 2021, with a total investment of 3.2 trillion yuan. As the main infrastructure model, China Dig is expected to continue to benefit during the peak period of construction.
As a post-epidemic era starting with the "14th Five-Year Plan", the initial good results in 2021 have given construction robots more confidence and hope. As this year’s government work report proposes to arrange special bonds for local governments of 3.65 trillion yuan, and the central budget to invest 610 billion yuan to promote the construction of "two new projects and one heavy", implement a number of major engineering projects such as transportation, energy, water conservancy, and Driven by multiple factors such as the demand for replacement of machinery, replacement of manpower to promote the growth of small excavators, and stricter environmental protection policies to accelerate the elimination of obsolete equipment, excavator sales are expected to grow steadily in 2021.
