In July 30th, the meeting of the Political Bureau of the Central Committee made it clear that making up the short board as the key task of deepening the structural reform of the supply side, we should increase the strength of the short board in the field of infrastructure.
The central government has released a more positive signal for infrastructure construction, which will undoubtedly step by step widen the expectation of construction machinery demand and enhance the confidence of the industry in the follow-up increments.
Since 2018, the sales volume of construction machinery has continued to exceed the market expectations, so that the CCTV financial channel will be named.
In the 1-6 month of this year, sales of excavators reached 120 thousand and 100, an increase of 60.02% over the same period last year. Other engineering machinery varieties also maintained high growth: the first half of the first half of the loader sales reached 58 thousand and 600, a year-on-year increase of 29.98%; car crane sales reached 16 thousand and 700, a year-on-year increase of 76.99%; forklift sales reached 307 thousand and 600, a year-on-year increase of 26.62%. In the concrete machinery, the pump car increased by 150%, the agitator increased by 50%, the bulldozer and the leveler grew more than 30%, and the pavement machinery (paver and roller) was relatively low. There is also a special variety - tower machine, because of the various parts of the assembly building, and the increasing components, large and medium-sized tower crane demand is very strong, and there is a shortage of goods.
Some people describe the current situation of the industry as "sunrise", and the macro factors behind the surge in sales are also given the answer.
Due to environmental protection and machine age, the construction machinery industry will enter a renewal period of 5 to 6 years, renewal demand to ensure the sustainability of growth. With the development of infrastructure construction, the demand for product renewal and export continues to improve, the domestic construction machinery industry continues to be hot.
Statistics from the National Bureau of Statistics show that the national infrastructure investment growth rate in the first half of the year was 7.3%, compared with the same period last year, the growth rate fell by 13.8 percentage points. In the first half of this year, fixed asset investment (excluding farmers) was 297316 billion yuan, an increase of 6% over the same period last year. From January to June, the investment in real estate development nationwide was 5553.1 billion yuan, an increase of 9.7% in nominal terms over the same period of last year. The newly opened housing area was 958.17 million square meters, an increase of 11.8%.
The new policy is expected to rebound in infrastructure investment in the second half of the year and boost the construction machinery market further.
Economists said that the expansion of domestic demand in the second half of the year should rely mainly on fixed assets investment, and infrastructure investment will be a steady growth grip on the premise that the real estate regulation policy is unchanged. There is still a lot of space for the construction of environmental protection water resources (such as the construction of underground tube corridors, etc.), and the construction direction of high speed rail, high speed, Rural Revitalization and other related infrastructure is also expected to be significant. It is estimated that the growth rate of infrastructure investment in the second half of this year is expected to rebound significantly, and the annual growth rate will reach 13% to 15%.
It is understood that in recent years, many provinces have made up the key items:
Guangdong Province issued a major investment project of the supply side structural reform in 2018 with a total investment of more than 1 trillion and 900 billion yuan. Among them, transportation infrastructure investment accounts for the largest proportion and investment is more than 1 trillion and 300 billion yuan.
At the end of June, Jiangsu also issued a similar short board investment plan to ensure annual investment of more than 360 billion yuan. Jiangsu Provincial Development and Reform Commission stressed in the notification that the railway, oil and gas pipelines and a number of major projects to fill short boards to complete the preliminary work, as soon as possible to start construction.
Chengdu has recently announced the "Chengdu city high quality public service facility system construction reform plan". In the next 3 years, Chengdu will implement 171 major infrastructure and livelihood projects, with a total investment of over 1 trillion and 500 billion yuan.
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With the rapid development of the policy and the accelerated pace of infrastructure investment, the high growth cycle of construction machinery is expected to continue.
