At present, the construction machinery industry has entered an opportunity period of improving quality and efficiency, transformation and upgrading. With the increase in infrastructure and real estate investment intensity after the epidemic, the construction machinery industry continued its high performance in May.
Year-on-year growth rate of each model
4. In May, the year-on-year growth rate distribution of sales of major construction machinery categories included excavators, loaders, bulldozers, graders, truck cranes, road machinery (rollers, pavers, milling machines), aerial work lifting platforms (Aerial working machinery) etc. (data update of road machinery and aerial working lifting platform lags behind, both are data of April). Among them, the aerial working machinery has the fastest growth rate, reaching 121%; the excavator is next, 68%, and only the paver has a negative growth.
1. Excavator
According to industry statistics from the China Construction Machinery Industry Association, in May 2020, a total of 31,744 excavating machinery products were sold, a year-on-year increase of 68.0%. The domestic market sold 29,521 units, a year-on-year increase of 76.3%. The export sales volume was 2,223 units, a year-on-year increase of 3.3%.
In terms of cumulative sales, the 25 mainframe manufacturing companies included in the statistics from January to May 2020 sold a total of 145,800 excavating machinery products, a year-on-year increase of 19.4%. The domestic market sold 134,169 units, a year-on-year increase of 19.3%. The export sales volume was 11,631 units, a year-on-year increase of 20.7%.
2. Loader
According to statistics from the China Construction Machinery Industry Association, in May 2020, the 22 loader manufacturers included in the statistics sold a total of 12,769 units of various loaders, an increase of 12.2% year-on-year.
Among them, the sales volume in the domestic market was 11,425 units, a year-on-year increase of 24.3%; the export sales volume was 1,344 units, a year-on-year decrease of 38.5%.
Among them: 1,2018 units of loader of 3 tons and above were sold, a year-on-year increase of 14.5%.
In terms of cumulative data, from January to May 2020, a total of 53,712 loaders of various types were sold, a year-on-year decrease of 3.08%. Among them: 50777 loader sales of 3 tons and above, a year-on-year decrease of 2.12%.
The domestic sales volume of 44230 units decreased by 2.41% year-on-year; the export sales volume of 9482 units decreased by 6.12% year-on-year.
3. Bulldozer
In May 2020, the major domestic bulldozer manufacturers sold 574 bulldozers, a year-on-year increase of 32.26%. Among them, 110 were exported, a year-on-year decrease of 21.99%.
In terms of cumulative sales, from January to May 2020, a total of 2,686 bulldozers were sold, a decrease of 6.18% year-on-year, and the decline continued to narrow.
Shantui has firmly grasped about 70% of the market share of the domestic bulldozer market. In May, Shantui sold 329 bulldozers, accounting for 68.99% of total sales, of which 56 were exported, accounting for 50.91% of total exports. Liugong and Shangong Machinery continued to rank second and third, with sales of 63 and 44 units respectively.
The domestic bulldozer market has been growing for two consecutive months, and the market demand is strong. It is expected that the follow-up will continue to grow.
4. Grader
In May 2020, the 10 domestic motor graders included in the statistics sold a total of 398 motor graders, a year-on-year increase of 16.72%. Among them, export sales accounted for 50.25% of the total sales, which has rebounded from April.
In terms of market share, XCMG Road ranked first with 173 units sold, with a market share of 43.5%; Sany Heavy Industry ranked second with 46 units sold in May, with a market share of 11.6%; and Shannon Machinery ranked 40th with unit sales of 40 units. Third, the market share is 10%.
5. Truck crane
In April 2020, the sales of 10 major domestic truck crane manufacturers were 6,797 units, an increase of 1,533 units or 29.1% year-on-year. From January to April, a total of 17,656 truck cranes were sold, a year-on-year decrease of 315 units and a decrease of 1.75%.
In April, 212 truck cranes were exported, a year-on-year decrease of 56 units, a decrease of 20.9%. Cumulative exports of 801 units from January to April accounted for 4.54% of the cumulative sales, a year-on-year decrease of 136 units and a decrease of 14.5%.
From January to April 2020, the sales growth rate of the truck crane industry was 1.59%, -47.50%, -5.70%, and 29.10%, and it fell back to positive in April, exceeding expectations. According to the forecast of securities institutions, cranes are mainly used in the field of infrastructure construction, and lag behind excavators in the order of construction. With the growth of infrastructure investment picking up, cranes will continue the trend of excavators in the third quarter, and sales will achieve double-digit high growth.
According to the latest data, truck cranes sold 60,200 units in May, and truck cranes sold a total of 23,900 units from January to May. A year-on-year increase of 8.66%.
6. Road machinery
In April 2020, 2,638 rollers were sold, an increase of 528 compared with the same period last year, an increase of 25%. Among them, domestic sales were 2394 units, a year-on-year increase of 30.3%. Exported 244 units, accounting for 9.25% of total sales in the month, down 10.6% year-on-year. From January to April, the cumulative sales of 6,402 rollers decreased by 380 units year-on-year, a decrease of 5.6%. A total of 5,242 units were sold domestically, a year-on-year decrease of 9.1%. A total of 1,160 units were exported, an increase of 14.3% year-on-year.
In April 2020, 383 paver machines were sold, a year-on-year decrease of 23 units, a decrease of 5.67%. Among them, domestic sales were 378 units, a year-on-year decrease of 5.03%, and domestic sales accounted for 98.7% of total sales. From January to April, a total of 879 paver machines were sold, a year-on-year decrease of 291 units, a decrease of 24.9%. Cumulative domestic sales of 833 units, a year-on-year decrease of 26.9%. A total of 46 units were exported, an increase of 15 units year-on-year, an increase of 48.4%. In April, among the various types of paver, the sales volume of wheeled paver was 17 units in the month, a year-on-year decrease of 3 units and a decrease of 15%; the crawler paver was 366 units in the month, a decrease of 20 units and a decrease of 5.18%. There were 1 mechanical paver in the month, an increase of 1 year-on-year; 382 hydraulic paver, a decrease of 24 units, a decrease of 5.91%.
In April 2020, 12 major milling machine manufacturers sold 126 milling machines that month, a year-on-year increase of 34 units and an increase of 37%. From January to April, a total of 336 milling machines were sold, a year-on-year decrease of 23 units, a decrease of 6.41%.
7. Aerial working machinery (aerial working lifting platform)
In April 2020, 13,585 aerial lift platforms were sold, an increase of 7,449 units or 121% year-on-year. From January to April, cumulative sales were 27,627 units, an increase of 7,964 units year-on-year, an increase of 42.4%. Among the various models of the lifting work platform, the monthly sales volume of the scissor type was 11,900 units, accounting for 87.6% of the total sales volume of the month, an increase of 124% year-on-year; ), accounting for 10.7% of the month’s total sales, an increase of 114% year-on-year; mast-type 208 units of the month, accounting for 1.53% of the month’s total sales, an increase of 108% year-on-year; sleeve-cylinder-type 20 units of the month, accounting for 0.15% of the month’s total sales , A year-on-year decrease of 60%. A total of 1165 units of the arm-type lifting operation platform above 16 meters were sold, accounting for 8.58% of the total sales volume of the month, a year-on-year increase of 139%.
In April 2020, the domestic sales volume of the lifting work platform was 12,190 units, and domestic sales accounted for 89.7% of the total sales, an increase of 8065 units, an increase of 196%. Exported 1395 units, accounting for 10.3% of total sales in the month, a year-on-year decrease of 616 units and a decrease of 30.6%; domestic sales from January to April were 19,784 units, and cumulative domestic sales accounted for 74% of cumulative total sales. Cumulative domestic sales increased by 8,050 units and increased by 68.6% . From January to April, 6,943 sets of export lifting work platforms were accumulated, and cumulative exports accounted for 26% of the total sales volume, a year-on-year decrease of 86 sets, a decrease of 1.22%.
We can see that most of the above construction machinery categories showed a growth trend in May. The strong demand can also be verified from the number of hours of operation tracked by the inventory equipment, and the industry’s sales momentum will spread from excavators to pump trucks, cranes and other varieties.
