The reporter learned from the China Construction Machinery Business Network yesterday that due to many projects not starting as scheduled, the sales of excavators in May have decreased significantly year-on-year and month-on-month. Industry insiders believe that excavator sales in June will basically reach the bottom, but the recovery of market conditions will take time.
China Construction Machinery Business Network statistics show that as a star product of construction machinery, in May, 28 major excavator manufacturers sold a total of 10,870 excavators, a decrease of 29.28%, a decrease of 23.92% year-on-year, and market conditions continued to slump.
China Construction Machinery Business Network analyst believes that in May is a transition period between the traditional excavator sales season, manufacturers have some psychological preparations for this month's sluggish market. However, due to the fact that various project funds are still not in place, there are still many new construction projects that do not start as expected; on the other hand, the continuous reduction in downstream demand has caused excavator sales to decline again this month.
Market participants believe that as the government continues to increase its "steady growth," the future investment growth will recover, which will benefit the construction machinery market.
On May 23, the executive meeting of the State Council made it clear that major projects under the “12th Five-Year Plan†will be implemented on schedule and a batch of major projects that are related to the overall situation and strong initiatives will be launched. The railways, energy saving and environmental protection, rural and western infrastructures have been identified. Projects in areas such as education, health care, and informatization should speed up the progress of previous work.
CICC analyst Wu Huimin believes that the expectation of accelerating infrastructure investment in the second quarter will continue to increase. At the same time, with the greatly reduced base and pulling effect, the sales growth of the construction machinery industry will gradually improve after May.
China Construction Machinery Business Network analysts also believe that excavator sales in June basically reached the bottom of sales, sales in the next few months will not show a significant decline, and with the funds in place, the market will gradually come out of the trough.
However, analysts at the China Construction Machinery Business Network also pointed out that although the sales bottom has basically arrived, it will take time for the market to pick up.
According to the introduction, the driving force for construction machinery industry from strong to weak is the real estate investment, mining investment, railway investment, highway investment and water conservancy investment.
At present, the government still emphasizes "stabilizing and strictly implementing the real estate market regulation and control policy." Real estate companies are most concerned about how to inventory. Before the destocking is basically completed, the willingness to invest in new projects will not be high. Therefore, as the first factor driving the growth of construction machinery, real estate development investment cannot see significant improvement.
People in the industry believe that before real estate investment is significantly improved, there should not be excessive expectations for the strength of the entire construction machinery industry recovery.
Despite the overall poor market, domestic brands performed significantly better than foreign brands.
According to statistics, in May, the excavator sales volume of Sany Heavy Machinery was 1,333 units, which was the monthly sales champion, and the sales volume increased 8.64% year-on-year. From January to May, sales volume of Sany Heavy Industry still maintained its leading advantage over the second Komatsu nearly 4,000 units. Import substitution is steadily advancing.
China Construction Machinery Business Network statistics show that as a star product of construction machinery, in May, 28 major excavator manufacturers sold a total of 10,870 excavators, a decrease of 29.28%, a decrease of 23.92% year-on-year, and market conditions continued to slump.
China Construction Machinery Business Network analyst believes that in May is a transition period between the traditional excavator sales season, manufacturers have some psychological preparations for this month's sluggish market. However, due to the fact that various project funds are still not in place, there are still many new construction projects that do not start as expected; on the other hand, the continuous reduction in downstream demand has caused excavator sales to decline again this month.
Market participants believe that as the government continues to increase its "steady growth," the future investment growth will recover, which will benefit the construction machinery market.
On May 23, the executive meeting of the State Council made it clear that major projects under the “12th Five-Year Plan†will be implemented on schedule and a batch of major projects that are related to the overall situation and strong initiatives will be launched. The railways, energy saving and environmental protection, rural and western infrastructures have been identified. Projects in areas such as education, health care, and informatization should speed up the progress of previous work.
CICC analyst Wu Huimin believes that the expectation of accelerating infrastructure investment in the second quarter will continue to increase. At the same time, with the greatly reduced base and pulling effect, the sales growth of the construction machinery industry will gradually improve after May.
China Construction Machinery Business Network analysts also believe that excavator sales in June basically reached the bottom of sales, sales in the next few months will not show a significant decline, and with the funds in place, the market will gradually come out of the trough.
However, analysts at the China Construction Machinery Business Network also pointed out that although the sales bottom has basically arrived, it will take time for the market to pick up.
According to the introduction, the driving force for construction machinery industry from strong to weak is the real estate investment, mining investment, railway investment, highway investment and water conservancy investment.
At present, the government still emphasizes "stabilizing and strictly implementing the real estate market regulation and control policy." Real estate companies are most concerned about how to inventory. Before the destocking is basically completed, the willingness to invest in new projects will not be high. Therefore, as the first factor driving the growth of construction machinery, real estate development investment cannot see significant improvement.
People in the industry believe that before real estate investment is significantly improved, there should not be excessive expectations for the strength of the entire construction machinery industry recovery.
Despite the overall poor market, domestic brands performed significantly better than foreign brands.
According to statistics, in May, the excavator sales volume of Sany Heavy Machinery was 1,333 units, which was the monthly sales champion, and the sales volume increased 8.64% year-on-year. From January to May, sales volume of Sany Heavy Industry still maintained its leading advantage over the second Komatsu nearly 4,000 units. Import substitution is steadily advancing.
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