From January to June 2020, the sales volume of excavators exceeded 170000 units, an increase of 24.2%
In June, the sales volume of 24625 units increased by 62.9%
According to the industry statistics of China Construction Machinery Industry Association, from January to June 2020, 25 main engine manufacturing enterprises included in the statistics sold 170425 mining machinery products, with a year-on-year increase of 24.2%. The domestic market sales volume was 155893, with a year-on-year increase of 24.8%. The export sales volume was 14532, with a year-on-year increase of 17.8%.
In June 2020, a total of 24625 mining machinery products were sold, with a year-on-year increase of 62.9%. The domestic market sales volume was 21724, with a year-on-year increase of 74.8%. The export sales volume was 2901 sets, with a year-on-year increase of 7.6%.
Market concentration was further improved
Sany Heavy industry further rebounded in June, accounting for 25.3%; the market share of domestic brands further increased.
The overall sales of excavators increased by 68.4% year on year. The production capacity was limited in April, and the market share dropped slightly to 24.2%. In May, it increased by 1 PCT month on month, further increased to 25.3% in June, and 25.5% from January to June.
In June, the sales volume of XCMG increased by 53.2%, with a market share of 14%, ranking the second. From January to June, the market share was 16.1% (increased by 2.1 PCT compared with the same period in 2019); the sales volume of caterpillar in June increased by 28%, accounting for 11.2%.
The market share of domestic brands continues to increase. In June, the sales growth rates of other domestic brands Liugong and Shandong Lingong were 84% and 142%, respectively, with the market share of 7.1% and 9.7% respectively.
In the first half of 2020, the market share of domestic brands has exceeded 70%, the growth rate of industry leaders will still be higher than that of the industry, and there is still room for improvement of industry concentration.
Sales of excavators will continue to grow in July
According to Komatsu's official website, the average growth rate is 144% / - 31% in March to April in 2020,
After the growth rate of operating hours stopped falling back to normal in April, the growth trend continued in May. In June, it declined on a month on month basis, but still increased by 2% year on year. The epidemic situation has prolonged the business cycle of the industry.
At the same time, the proportion of special bond funds used for capital of major projects has been relaxed, from 20% last year to 25% this year, driving the scale of special bonds and the leverage effect of infrastructure financing.
Moreover, this year, the proportion of special bonds invested in infrastructure increased significantly. In 2019, the scale of new local special bonds was 2.15 trillion, and the proportion invested in infrastructure construction was only 25%; among the 1.1 trillion local special bonds issued in the first quarter of 2020, the proportion of investment in infrastructure was as high as 85%.
From June to July, the production of core parts manufacturers increased by more than 70% year on year
Combined with the inventory consumption of the main engine plant, it is expected that the sales volume of excavators in July will maintain a year-on-year high-speed growth.