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2021
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05
Top 50 Global Construction Machinery Manufacturers List Released Xugong, Sany and Zhonglian Enter Top 5
On April 28, the Organizing Committee of the Global Construction Machinery Top 50 Summit released the "2021 Top 50 List of Global Construction Machinery Manufacturers" in Beijing ". Sales of the top 50 on the list fell slightly by 2.87 percent to $191.582 billion in 2021 compared to the previous year, driven by the epidemic and other factors.
Source: Economic Observer
On April 28, the Organizing Committee of the Global Construction Machinery Top 50 Summit released the "2021 Top 50 List of Global Construction Machinery Manufacturers" in Beijing ". Sales of the top 50 on the list fell slightly by 2.87 percent to $191.582 billion in 2021 compared to the previous year, driven by the epidemic and other factors.
The 50 companies on the list are from 13 countries including China, the United States, Japan, Germany, France, Italy, the United Kingdom, Sweden and South Korea. Among them, 11 companies from China are on the list, 13 companies from Japan are on the list, and 7 companies from the United States are on the list.
In terms of sales, the Chinese companies on the list ranked first with total sales of $507.33 trillion, accounting for 26.48 percent of the total sales of the top 50; U.S. companies ranked second with sales of $42.021 billion, accounting for 21.93 percent; and Japanese companies ranked third with sales of $39.898 billion, accounting for 20.83 percent.
(tabulation: Shen Xinqi, data source: Global Construction Machinery Top 50 Summit Organizing Committee)
But in the corporate rankings, Caterpillar in the United States and Komatsu in Japan still occupy the top two places on the list. Chinese companies Xugong Group, Sany Heavy Industry and Zoomlion joined forces to enter the top five of the list this year, ranking 4. five in the 3. The share of market sales of the three increased to 21.63 percent from 14.34 percent last year.
(Image source: Global Construction Machinery Top 50 Summit Organizing Committee)
(Tabulation: Shen Xinqi Data Source: Global Construction Machinery Top 50 Summit Organizing Committee)
Zhang Lijia, Executive Deputy Secretary-General of the Organizing Committee of the Global Top 50 Construction Machinery Summit, analyzed that there are four main points for the increase in the ranking of Chinese companies and the increase in market share: First, China's construction machinery products and technologies have been comprehensively improved, and large tonnage, High-value-added, high-tech products continue to emerge, fully replacing imports in the domestic market; secondly, Chinese products are forming genres in overseas markets and have been fully accepted in emerging markets, the market in developed countries is being accepted; third, with the implementation of the domestic large-cycle strategy, China's construction machinery supply chain system is constantly improving, and the core supply chain system is constantly being opened up; thanks to the large demand in the Chinese market and the support of China's super market, corporate sales have also been improved.
According to the data released by China Construction Machinery Industry Association, in 2020, the sales volume of excavators in the whole industry will be 328000, up 39% year on year. Overseas regions did not perform well due to the epidemic situation in 2020, but rebounded near the end of the year. Export sales in December increased by 808 units to 4,211 units month on month, and 35000 units were exported in 2020, up 30.5 percent year on year, better than the global construction machinery market.
Since the beginning of 2021, the monthly sales of excavators, which account for the heaviest proportion of construction machinery, have increased by more than 40 percent year-on-year, and the sales of excavators in February have increased by 205 percent year-on-year, a record high in February.
The market boom also ushered in the policy of good. Zheshang Securities quoted the first engineering machinery network information shows that since January, a total of 3 trillion major projects around the intensive construction. In addition, this year's "two sessions" government work report proposed that the central budget will allocate 610 billion billion yuan to support the implementation of a number of major projects such as transportation, energy, and water conservancy.
However, according to the previous analysis of Zheshang Securities, the machinery industry is the representative of the midstream manufacturing industry, and the upstream raw material prices have a great impact on the profits of listed companies through costs. If the upstream raw material prices increase significantly, enterprises will face greater performance pressure.
Zhang Lijia also said that at present, some basic materials are still dependent on imports, which will limit the overall production capacity of construction machinery to a certain extent. "Some domestic suppliers are now discussing with the main engine factory some cooperation that can be localized and supporting, and they are still advancing. To a certain extent, they can solve some problems in the construction machinery industry."
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