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In January 2021, the sales volume of excavating machines (including exports) was about 20500 units.
On February 2, the latest data released by the Ministry of Industry and Information Technology showed that more than 600000 new 5G base stations will be opened in China in 2020. China Electric Vehicle Charging Infrastructure Promotion Alliance recently released data showing that 462000 new domestic charging infrastructure will be added in 2020, reaching 1.681 million by the end of 2020, an increase of 37.9 over the previous year. House repair, bridge, paving, building a base station, power piling, dry old change ...... According to incomplete statistics, since January, more than ten cities have concentrated on starting the first batch of major projects this year, with a total investment of more than 1.6 trillion yuan. Since 2016, excavator sales have entered the upward channel. Official data show that in 2020, China's fixed asset investment increased by 2.9, excavator domestic market sales increased by 40.1.
On February 2, the latest data released by the Ministry of Industry and Information Technology showed that more than 600000 new 5G base stations will be opened in China in 2020. China Electric Vehicle Charging Infrastructure Promotion Alliance recently released data showing that 462000 new domestic charging infrastructure will be added in 2020, reaching 1.681 million by the end of 2020, an increase of 37.9 over the previous year. House repair, bridge, paving, building a base station, power piling, dry old change ...... According to incomplete statistics, since January, more than ten cities have concentrated on starting the first batch of major projects this year, with a total investment of more than 1.6 trillion yuan. Since 2016, excavator sales have entered the upward channel. Official data show that in 2020, China's fixed asset investment increased by 2.9, excavator domestic market sales increased by 40.1.
According to CME Engineering Machinery Network, sales of excavators (including exports) are expected to be about 20500 units in January 2021, up about 106 percent year-on-year. Among them, the domestic market sales of about 17000 units, a year-on-year increase of about 112, a decrease of 37%; export market sales of 3500 units, a year-on-year increase of about 60%. Excavator sales grew as expected in January. future excavator market?
China's excavator industry sales scale achieved rapid growth
In December 2019, the output of excavators was 28720 units, an increase of 13% YoY. For the whole of 2019, the production of excavators was 266299 units, up 14.7 percent year-on-year.
In 2019, the market share of Chinese excavator brands was 62.2 percent, while the market share of Japanese, European, American and Korean brands was 11.7 percent, 15.7 percent and 10.4 percent, respectively.
In 2019, the mining machinery market will still maintain a high growth rate. The high growth rate is not only related to the growth of market demand, but also affected by the sales base in 2018. This growth is affected by the macroeconomic recovery, real estate investment growth, PPP project landing, new cycle, product inventory cycle and other factors, with the changes in the objective market environment, the industry's high-speed growth trend is difficult to sustain for a long time.
Generally speaking, the second year of each five-year plan is the year when a large number of projects are started, and 2017 is also the year when the "13th Five-Year Plan" projects are concentrated. Construction demand has increased significantly, so the sales of mining machinery will maintain an upward trend. With the project gradually entering the stage of completion and acceptance, the new market demand may decline from 2019 to 2020. Of course, it can not be ignored that 2019 will be the centralized replacement period of equipment sold at the peak of the industry from 2010 to 2012, and the new demand will become the most important source of market demand.
Overall, between 2015 and 2019, the sales scale of China's excavator industry has achieved rapid growth.
Under the superimposed influence of factors such as the increase in infrastructure investment, the further implementation of policies such as environmental governance, and the in-depth development of the "Belt and Road", the excavator market has performed well since 2017. In 2017, a total of 140303 excavators of various types were sold, a year-on-year increase of 99.5; in 2018, a total of 203420 excavators of various types were sold, a year-on-year increase of 45.0. This sales volume refreshed the peak sales volume in 2011 (176352 units), a record high. Entering 2019, the sales volume of excavators has reached a record high, with a total of 235693 excavators sold throughout the year, up 15.9 percent from the same period last year. Among them, the domestic market sold 209077 units, up 13.4 percent from the same period last year. Exports of 26616 units, up 39.4 percent from the same period last year, maintained a rapid growth, and export sales accounted for 11.3 percent. With the rise of domestic brands such as Xugong, Sany and Zoomilian, the share of domestic excavators in overseas markets is expected to continue to increase.
Chart: Sales of China's excavator industry from 2015 to 2019 (units)
Source: Woeview Report
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