Event: 2018 February crane car sales of 1540 units, up +22%, -26% QoQ, 1-2 month cumulative increase of +76%; the bulldozer sales of 430 units, up -9%, -33% QoQ, 1-2 month cumulative increase of +35%; sales 5667 units, up -11%, -37% QoQ, 1-2 month cumulative increase of +40%; roller sales of 925 units an -3%, a -11%, 1-2 month cumulative increase of +24%.
Key points of investment
Car cranes in February growth rate of 22%, three major brands package 91% market share in February car crane sales 1540, an increase of 22% over the same period. The total number of car cranes sold in 1-2 months was 3612, an increase of 76% over the same period. On the brand point of view, Xuzhou heavy truck crane sales in February 786, a single month growth of 16%, the market rate of 51% is top of the list. Sany sales 344 this month, ZOOMLION sales 274, respectively listed in the market two or three. The industry is highly concentrated, the first three - a brand has covered 91% of the market share, and the sales of other brand car cranes are under 100 units a month.
The bulldozer was affected by the holiday factors, and the leading enterprises were the first 430 bulldozers in February, which reduced by 9% over the same period. In February, sales were greatly influenced by heavy rain and snow in the southern area, and the sales volume of all kinds of construction machinery declined year-on-year, plus the Spring Festival holiday. The total sales volume of bulldozers in 2018 was 1068, which increased by 35% in 2017, 792 in 2017. Bulldozers exported 154 units in February, and exports have been over 60% year-on-year since January 2017. Meanwhile, the total sales volume declined this month, while exports were +103% year-on-year.
February sales of Shantui 266 bulldozers, compared to -31%, the market share is still the first, up to 62%. A mountain, mountains and other Liugong sales were 38 units, 31 units, 28 units, an +73%, +72%, +75%. Is the first domestic brand Shantui bulldozers, other enterprises in this month sales rose situation, sales dropped significantly impact on the industry overall sales of large.
Sales of loaders fell 11% year on year, and exports continued to grow
In February, the sales volume of the loader was 5667, which was down 11% from the same period. The cumulative sales volume of the loaders in 1-2 months was 14703, with a total of +40% over the same period. Since the second half of 2017, the growth rate of the accumulative volume of loaders except for January 2018 has been steady at about 40%.
In February, the total export of was 1546, accounting for 27% of total sales, and an increase of 36%. The proportion of domestic sales has been further narrowed due to the large volume of exports. Specifically, the eastern, central and western regions accounted for 27.33%, 18.88% and 26.50%, respectively, down by 4pct, 2pct and 4pct.
The sales of the roller are basically flat, and the growth of the leading enterprises is in line with the industry
In February, the sales volume of the roller was 925, which was down 3% from the same period. The cumulative sales of the road roller in 1-2 months was 1964, and the cumulative increase of 24%. Although single month sales have fallen, they are still at a historic high. Compared with the sales data of the same period in 2016 and 2017, we expect to sell more than 2500 units in March. In February, Xugong road roller sales 264, and the same period last year basically flat, sales change trend and the industry is basically the same. This month, the market share of the Xugong market is 29%, +1pct, to maintain the status of sales champion. Liugong sales 128, +58%, second only to Xugong. Others such as Jingjiang Jun Ma, Shantui followed, but far less than the sales Xugong, liugong.
In China, the East, central and western regions, accounting for 33%, 18%, 22% rate, western area sales decline, mainly in Guangxi, Yunnan, Sichuan and other western province infrastructure investment slowdown (highway in the western region in February of an investment in -12.7%, the end of continuous positive growth since 2015), the roller needs the amount of decrease.
