According to data from the China Construction Machinery Association on April 7, the total sales volume of China's excavator industry in March was 49,408 units, an increase of 5130 units and a year-on-year increase of 11.59%, which exceeded the forecast in early March and mainly came from the domestic market.
The two construction machinery giants in Changsha performed well. Among them, the sales volume of excavators increased by 14.20% year-on-year in March, and the market share was 25.91%, an increase of 0.59 percentage points; the sales volume of Zoomlion in March was 1392 units, and the market share was 2.82%. , The growth trend is gratifying.
It is worth mentioning that the excavator sales in March exceeded the expected growth because small excavators contributed 96.18% of the increase in the excavator industry in March. This is because small excavators are mainly used in new rural construction and municipal engineering. The construction of new rural areas is less affected by the epidemic, which drives the demand for small excavations. In the research and development of small digging, Changsha Enterprise Sun River Intelligence is the leader among them.
Can this momentum continue? Research shows that every Spring Festival holiday, workers in infrastructure and real estate projects have to rest for about 0.5 months as a whole, so the annual construction period is about 11.5 months. Affected by the epidemic this year, the construction of the project was basically delayed by about one month, and the actual construction period was only about 10.5 months. The epidemic's compression of the construction period will cause the actual investment intensity this year to increase, driving more demand for construction machinery, because the same investment will require more construction machinery equipment in a shorter period of time.
Especially since March 15th, domestic sales of excavators have risen rapidly, and some models have begun to be out of stock. With the recovery rate of key projects basically in place, it is expected that the sales of excavators in April will be flat compared with March. This will be historic because March was the highest point in the whole year in March and may be the highest point in April this year. It is expected that the sales volume of the excavator industry in April will increase by about 55% year-on-year.
