Since 2018, the rebound in downstream investment has continued to revive the construction machinery industry. The latest data show that the main products such as wheel loaders and excavators reached a two digit high growth rate from 1 to May.
The data from China's China Construction machinery and trade network (11) showed that in May, the total number of 25 major loader manufacturers in China were included in the total number of 11187 loaders, which increased by 31.2% last year in May last year.
Since March, wheel loaders have sold more than 10000 units for 3 consecutive months. This year, the total sales volume has exceeded 55 thousand units, an increase of 36.6% over the same period.
Market participants believe that the loader has shown a distinct upward trend over the previous two years, indicating that the construction machinery industry is recovering from a full recovery.
The growth of the excavators is stronger. According to the data of China Construction Machinery Industry Association, in May, a total of 19313 mining machinery products were sold, up 71.3% over the same period.
From 1 to May, 25 host manufacturing enterprises, including 105935 mining machinery products, were added to statistics, representing an increase of 60.2% over the same period.
Soochow Securities believes that the main force in this round of pulling up the sales of excavators comes from the upgrading needs of sales equipment during the last round of peak sales. In addition, domestic environmental standards are stricter, leading to the early elimination of some equipment. The release of renewal demand may continue for a period of time, becoming the main driving factor for the growth of excavator sales in the next one or two years. While the domestic market is recovering, the international market is also constantly developing. In May, the loader export volume exceeded 2000 units again, an increase of 18.2% compared with the same period last year. The total export sales volume of loaders exceeded 1 units from 1 to May, an increase of 36.4% over the same period last year.
In May, the sales volume of excavators exported 1523 units, up 95.3% from the same period, and 7172 from 1 to May, up 103.9% from the same period last year.
The Chinese Engineering Machinery Industry Association said that the downlink period from 2011 to 2016 has been washed, and the current construction machinery enterprises are highly rational in short, medium and long period operation. Leading enterprises generally pay attention to the quality of sales, consider the credit situation of customers, and increase the per capita output capacity.
It is expected that in 2018, the whole industry revenue of the engineering machinery will grow by about 10% on the basis of the actual completion of 2017, and the proportion of total enterprise profits and R & D investment will keep steady growth, and the export growth is about 10% on the basis of 2017.
