CONSTRUCTION MAHCINERY IN CHINA

- Aug 01, 2018-

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In 2016, the global construction machinery manufacturer's top 50 business income was $133 billion, down 16.2% from the same period last year. According to the 2017 top 50 list of global construction machinery manufacturers, Caterpillar, Komatsu and Hitachi built the top three of the world's engineering machinery manufacturers, and their 2016 construction machinery sales reached $21 billion 338 million, $14 billion 53 million and 6 billion 585 million dollars respectively, accounting for 16.5%, 10.9% and 5.1% of the market share, respectively. Chinese enterprises, Xugong Group, Sany, ZOOMLION ranked the top three of domestic enterprises, its 2016 construction machinery business sales of $4 billion 771 million, $3 billion 542 million and $3 billion 29 million, ranking the world's eighth, eleventh and fourteenth, the market share of 3.7%, 2.7% and 2.3%, respectively.

Since the domestic construction machinery industry has warmed up in the fourth quarter of 2016, the monthly sales volume of the "barometer" excavator has exceeded expectations. A high growth in the construction machinery industry can be traced back to the investment stimulus of four trillion of the government in 2008. In the case of excavators, the annual sales of domestic excavators climbed to more than 190 thousand units. In 2012, the demand for the industry declined rapidly and entered the period of 5 consecutive years of deep adjustment. By 2015, the total volume of excavators fell to 60 thousand and 500 units, only about 30% in the peak period. Since the fourth quarter of 2016, the industry's bottom up trend has been determined, and the monthly sales volume of excavators has exceeded expectations. Analysis of the reasons for the high demand growth mainly includes the following points. First, the industry has undergone a period of 5 years of deep adjustment, and the demand for inhibition is gradually released under the influence of many factors such as the growth of the infrastructure investment in two digit growth and the recovery of the mining industry. Secondly, from the point of view of the renewal demand, by the end of 2016, the domestic excavators have reached about 1 million 500 thousand units, and the announcement on the implementation of the national third stage diesel engine exhaust emission standards for non road mobile mechanical diesel engines in the third stage, which will not meet the standard of discharge requirements will be expected. Faced with forced elimination, the replacement demand has been stimulated. Meanwhile, under the influence of supply side reform, the mining industry has been effectively upgraded and the demand for large digging has been boosted.            

By the end of October 2017, the total number of 25 mainframe suppliers that were included in the statistics has achieved 112 thousand and 500 sales of excavators, up 98.2% from the same year. In October, the sales of excavators were 10,54, an increase of 81.2% over the same period in the same period of last year, with a high growth of more than 80%. Excavator hours, according to statistics, the number of construction machinery hours in September is 137.1 hours, the loop ratio rose by 3.3 hours, up 3.1 hours on the same period. "Excavator index" through the monitoring of more than 20% excavator data in China to get statistical results, from the June statistical data from the big digging year, after the industry trough period, the number of start-up hours in the same period in 2017 has risen to 113.35 hours, up 28%, showing a U reversal trend.

Based on the active infrastructure investment demand along the road along the road, it has become the target market of "going out" in China's construction machinery industry, and the industrial chain layout of the related enterprises has achieved considerable results. In the first half of 2017, the total export volume of China's construction machinery industry was US $9 billion 81 million, an increase of 10.10% over the same period last year. Specifically to the market along the road along the road, China's export of construction machinery products along the road along the road in 2016 reached 8 billion 730 million US dollars along the scale of 2.8%, accounting for 51.47% of the total export of China's construction machinery in the year. Domestic engineering machinery and equipment manufacturers, including Sany, have speeded up the distribution of overseas markets, especially along the "one along the road". In the field of mainframe manufacturers, for example, Sany, for example, its overseas income exceeded 100 billion yuan for the first time in 2015. According to the "11123" five year operation plan, to 2022, the overseas sales plan realized the operating income of $10 billion, of which the market along the "one along the road" accounted for 60%; the core component supplier field was Hengli For example, in the future, overseas business revenue is expected to increase from about 30%% to 50%.