The excavator industry is expected to grow by 10% to 30% in 2018
At the annual meeting of the Chinese mining machinery industry in 2017, the experts predicted that the excavator industry will maintain a steady growth of 10% to 30% in 2018. At the same time, the excavator market presents new features, and the industry gradually enters the competition era of leading enterprises, and the market concentration still has room to rise.
Su zimeng, executive vice President and secretary general of China construction machinery industry association, predicted that the sales volume of the construction machinery industry in 2018 is expected to increase by 10% year-on-year. Yu hongfu, chairman of sany heavy machinery co., LTD., said that the industry is expected to grow steadily in 2018, with a growth rate of 0-20%. Chen qihua, chairman of caterpillar (China) investment co., predicts that China's excavator market will grow between 10% and 25% next year. Cen ka-fai, President of Volvo construction equipment investment (China) LTD., expects the excavator industry to grow by 20% to 30% in 2018.
Since this year, the infrastructure investment growth, the PPP project, product export growth periodic updates, many factors, such as superposition of low base effect from the first half of 2016, excavator sales continue to show high speed growth, at the same time sales hit a record high. According to the excavator association, the total sales volume of excavators reached 112,476 in the january-october period, up 98.2% year on year, and 10541 units were sold in October alone, up 81.2% year on year.
Su zimeng said that the main reasons for the steady growth of the construction machinery industry this year have been stable growth, structural adjustment and other factors. The national infrastructure investment reached 17.9 trillion yuan in the first nine months of this year. "One Belt And One Road" promoted the export growth of construction machinery. In January and September, the export construction machinery of the countries along the One Belt And One Road was 6.17 billion us dollars, an increase of 11.7% year on year. Supply-side structural reform is conducive to market demand growth; The upgrading of environmental emission standards has promoted the upgrading of products and the phase-out of mobile phones, which has increased the demand of the market.
Zeng guang 'an, chairman of the mining machinery branch of China construction machinery industry association and liu gong (7.670, -0.11, -1.41%), said that there are now 35 excavator enterprises in China, a 50% reduction compared with 2011.
The experts said that the excavating machinery market presented new features, and the industry gradually entered the competition era of leading enterprises, presenting the characteristics of the strong. The market competitiveness of domestic brands is improved, and in the brand pattern, domestic and foreign brands will remain in the same position in the short term.
Wang min, chairman of xugong group, said that after nearly a decade of hard work, xugong has developed into one of the top three leading companies in the industry with a market share of more than 10%. In the future, the xugong excavator will also fully develop its capability to improve the innovation capability of high-end products, internationalize and high-end, which is the real target of xugong excavators.
Statistics show that in the first three quarters of this year, sany, caterpillar and xugong accounted for three of the domestic excavator market.
Sany heavy industry (8.220, -0.31, -3.63%) sold 22,343 excavators from January to September, up 125.1 percent year on year, and the market share was 21.92 percent. In the third quarter, sany sold 6189 excavators, up 130 percent from a year earlier, and the market share rose to 23.03 percent.
Experts at the conference said that the advantages of leading enterprises in r&d, manufacturing, quality, supply chain, sales and service will become more and more obvious, and there is still room for improvement in market concentration.
