- A total of 26,034 excavating machinery products were sold in September this year, an increase of 64.8%
- Export sales were 3436 units, this year, an increase of 31.3%.
- An increase in sales of excavators in 2020 to 295,000 units
In 2021, it is recommended to continue to pay attention to the safety margin of the leading host of construction machinery. On October 15, data disclosed by the China Construction Machinery Industry Association showed sales of excavators to both domestic and overseas clients surged by nearly 64.8% on year.
Among the 25 mainframe manufacturers included in the statistics, a total of 26,034 excavating machinery products were sold in September this year, an increase of 64.8%.
Among them, the domestic market sold 22,598 units, this year an increase of 71.4%. Export sales were 3436 units, this year, an increase of 31.3%.
From January to September this year, a total of 236,508 units of various excavation machinery were sold, a year-on-year increase of 32%.
Among them, the domestic market sold 212,820 units, a year-on-year increase of 33.2%. Export sales were 23,688 units, a year-on-year increase of 22.2%.
Organization: Increase Sales of Excavators in 2020 to 295,000 Units
The Shanghai Securities Research Report pointed out that from January to July 2020, special bonds have been issued with a total of 2.47 trillion yuan, an increase of 27% this year; the special bonds have helped the start of infrastructure projects.
From January to July 2020, infrastructure investment has fallen by 1% this year, and the rate of decline has been significantly narrower than in June. It is expected that the growth rate of infrastructure construction this year is expected to reach 10%.
The cumulative growth rate of real estate investment from January to July 2020 is 3.4%, which is faster than expected. The annual growth rate of real estate investment is revised up to 5%.
Excavator sales continued to exceed expectations, and macro data improved, continue to increase excavator sales in 2020 to 295,000 units per year, an increase of 25.1%. It is expected that the entire industry in Q3 will maintain a relatively high boom, and the industry in Q4 will grow steadily per year.
Wanlian Securities Research Report believes that under the guidance of strategic directions such as the “dual cycle” development concept, “two new and one heavy,” and environmental protection policies, the domestic demand market for construction machinery has remained strong and maintained high growth throughout the year.
At the same time, the market is further concentrated on the leader, and the industry strong has a clear trend of constant strength. As the impact of the epidemic eases, the domestic economy resumes stable growth, and the monetary policy may gradually return to normal. In 2021, it is recommended to continue to pay attention to the leading hosts of construction machinery with a certain margin of safety.
The Bank of China Securities Research reported that in the construction of new infrastructure, new urbanization, and the “two new and one heavy” construction of small and medium-sized transportation and water conservancy major projects, small and medium-sized excavators will play a more important role, with the reduction of labor and the continuous increase of labor costs.
The economic and work efficiency advantages of replacing labor with small-scale digging are becoming more and more obvious, and machine substitution will continue to advance.
Although the recent increase in the control of real estate, under the background of building a new development pattern of domestic and foreign dual cycles, real estate investment is still in the future.
It is expected to remain at a relatively high level. These factors will provide a strong impetus for the medium and long-term growth of small and medium-sized diggers, especially small- and medium-sized diggers. In the next 2-3 years, it is expected that the small digging market will have outstanding growth and cyclical volatility will be significantly weakened.
In terms of configuration, the Shanghai Securities Research Report recommends that the leading host company Zoomlion, the hydraulic components company Hengli Hydraulics, and the tower crane leasing company construction machinery continue to pay attention to the construction machinery sector.