The hottest infrastructure investment overweight a

2022-08-16
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The excavator sales volume in April may increase by 80% year-on-year, such as the overweight of infrastructure investment. "At present, China's infrastructure investment will continue to strengthen, and the construction machinery industry has entered a sustained boom development cycle. Thanks to this, XCMG's operating revenue in the first quarter of 2018 broke the historical record, and the growth rate led the major enterprises in the industry." After the disclosure of the first quarter report of 2018, XCMG machinery said on May 2 that the sales volume of its eight main engines in the construction machinery industry had achieved a good growth

in fact, Sany Heavy Industry, Liugong, Zoomlion Heavy Industry and other enterprises' performance in the first quarter of 2018 was relatively good, among which the sales of excavators increased significantly. According to the statistical data of the mining machinery branch of China Construction Machinery Industry Association, the 25 host machine manufacturing enterprises included in the branch's statistics sold 60061 sets of various mining machinery products (including exports) in the first quarter of 2018, an increase of 48.4% over the same period last year

Tianfeng securities, Huatai Securities and other securities companies believe that the excavator sales volume will also maintain a sustained high-speed growth from April to may 2018, and the growth rate is expected to be about 80% - 90% in April. As for the specific growth rate, Meng zisu, executive vice president and Secretary General of China Construction Machinery Industry Association, said on May 4 that the association's data had not been counted, but the excavator growth was in a steady and positive trend. "This is due to the national steady growth policy, increased infrastructure investment, a great pull on domestic demand, the export growth of countries along the the Belt and Road, and the demand generated by the renewal of social stock."

sales continued to rise

according to the industry statistics of mining machinery branch of China Construction Machinery Industry Association, the 25 host machine manufacturing enterprises included in the statistics from January to March 2018 sold a total of 60061 mining machinery products of all kinds, with a year-on-year increase of 48.4%. The domestic market sales volume (excluding Hong Kong, Macao and Taiwan) was 55913, with a year-on-year increase of 45.4%. The export sales volume was 4131 sets, with a year-on-year increase of 105.1%

according to the data of mining machinery branch of China Construction Machinery Industry Association, the sales of domestic, Korean, European, American and Japanese brands in 2018 were 28625, 7552, 9296 and 10440 units respectively, with market share of 51.2%, 13.5%, 16.6% and 18.7% respectively. Sany Heavy Industry, caterpillar and XCMG machinery occupy the top three positions in the domestic market

according to the grassroots research of major dealers and domestic and foreign host factories, a total of 26000 excavators are expected to be sold in April, an increase of about 90% over the same period last year, with a high growth rate. Among them, domestic sales were about 24000 units, with a year-on-year increase of nearly 70%

brokers are optimistic about the growth trend of excavators in April. Feng Securities believes that the excavator industry will increase by 80% year-on-year in April; Huatai Securities expects that the monthly excavator sales will increase by about 90%. According to the Research Report of Tianfeng securities, this round of construction machinery recovery is mainly based on the demand for equipment renewal. Under the background of stable infrastructure investment and guaranteed construction volume, and driven by the the Belt and Road, the global market share will gradually increase, and the duration and intensity are expected to exceed expectations

mengzisu said that at present, the data of China Construction Machinery Industry Association has not been counted, "The base number in previous years was too low, and the growth may tend to be stable in the second half of the year. In fact, the growth of the construction machinery industry, especially excavators, is subject to the supply of core parts. In previous years, the adjustment was relatively deep, and many parts enterprises are recovering, but now enterprises are more rational than before, and will not expand blindly."

it is understood that driven by the rise in raw materials, the shortage of hydraulic parts and strong downstream demand, some excavator enterprises have raised prices. On May 4, a senior personage in the industry said, "compared with last year, the supply situation will be much better, and the production capacity is also gradually being adjusted. In fact, last year, many enterprises were short of production capacity, and did not predict that the market was very good, such as Japanese enterprises and American enterprises, which were all out of stock."

capital construction investment overweight

Meng zisu explained that the reason for the significant growth of the excavator industry was due to the national steady growth policy, the overweight of capital construction investment, the great pull of domestic demand, the export growth of countries along the the Belt and Road, and the demand generated by the renewal of social stock

in terms of the demand for equipment renewal, as early as 2016, the Ministry of environmental protection (now the Ministry of ecological environment) issued the announcement on the implementation of the third stage emission standard for diesel engines for non road mobile machinery, which means that all manufacturing, except agricultural machinery Imported and sold non road mobile machinery shall not be equipped with diesel engines that do not meet the national phase III emission standards

according to the statistics of China Construction Machinery Industry Association, the lifting, hanging, impact and releasing of main non road engineering machines are all electrical controls, and the ownership of mechanical equipment is about 2.36 million in China and China, and the actual ownership of the market is more than the statistics. "In the future, the replacement of old machines will become the most important market demand. The implementation of China's phase III emission standards may promote the replacement of existing equipment and further improve the replacement market demand." Meng zisu said

in addition, the current overweight of infrastructure investment also promotes the growth of demand for construction machinery. The data released by the National Bureau of statistics on April 23 showed that the overall infrastructure investment increased by 13%, higher than the total investment. Among them, infrastructure investment in the central region increased by 15.7%, while that in the western region increased by 17.6%. Infrastructure investment in the central and western regions still maintained a rapid growth

according to the public data of various places, according to statistics, the investment related to infrastructure in many places, including Hubei, Fujian, Shandong and Guangdong, has also increased year-on-year. For example, according to the data of Hubei Provincial Department of housing and urban rural development, the investment in municipal infrastructure in Hubei Province in the first quarter of 2018 was 46billion yuan, an increase of 9% over the same period last year

the excavation machinery branch of China Construction Machinery Industry Association said in the "2018 development forecast of the excavation machinery industry" that from the analysis of the excavator market ownership, the market ownership of about 1.5 million units will basically meet the current market demand in the next year, and the Chinese excavator market will step into the stock era

under the above circumstances, expanding the international market may be one of the priorities of enterprises. In addition, the promotion of the "the Belt and Road" has brought favorable conditions to the internationalization of enterprises

in fact, relevant enterprises have been actively expanding the international market. For example, XCMG machinery said in its 2017 annual report that it will focus on key regional markets in the future. Generally speaking, the trapezoidal screw gap is relatively large, the friction is relatively large, and the application life is short. It will speed up the improvement and reconstruction of core capabilities such as overseas market channels, production and manufacturing, service spare parts and financial services. Its overseas revenue in 2017 also reached 3.309 billion yuan, an increase of 19.25% year-on-year

Liu Gong also revealed in the 2017 annual report that the company has set up three manufacturing bases in India, Poland and Brazil and four overseas R & D institutions in India, Poland, the United States and the United Kingdom. Its overseas business basically covers most countries and regions along the national "the Belt and Road" strategy. In 2017, China's overseas revenue reached 2.436 billion yuan, an increase of 20.81% year-on-year, and the overall growth of the overseas industry is expected to be about 5%-10%

in addition, according to the data of the mining machinery branch, in the first quarter of 2018, the 25 host machine manufacturing enterprises included in the branch's statistics exported 4131 sets of various mining machinery products, an increase of 105.1% over the same period last year, which is also the export growth in the first quarter of three consecutive years

however, at the "bices2017" meeting, Zeng Guangan, chairman of Liugong group, pointed out that there is still a certain gap between Chinese manufacturing brands and first-class brands in Europe, Japan and other places, and the challenges for Chinese construction machinery enterprises to truly realize globalization mainly come from the markets of developed countries such as Europe and the United States

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