The construction machinery industry grew strongly

The construction machinery industry grew strongly in the first July

Abstract: by analyzing the changes in the sales volume of China's mining machinery market in the same period in the past decade, it was found that the sales volume from January to July 2017 was much higher than that of the same period in recent two years, close to that of the same period in 2012. Affected by the growth of market demand and the low base in the same period of 2016, the year-on-year increase in the sales volume of China's mining machinery market from January to July 2017 reached a record high

according to the statistical data of the mining machinery branch of China Construction Machinery Industry Association, the 25 host machine manufacturing enterprises included in the branch's statistics from January to July 2017 sold 82725 sets of mining machinery products (including exports), up 101.3% year-on-year, far exceeding the annual sales of last year (70320 sets). Among them, 77814 sets were sold in the domestic market (excluding Hong Kong, Macao and Taiwan, the same below), with a year-on-year increase of 111.7%, and 4884 sets were exported, with a year-on-year increase of 14.0%

in July 2017, a total of 7656 mining machinery products were sold, with a year-on-year increase of 108.9%. Affected by seasonality, the sales volume decreased by 14.3% month on month. Among them, 6993 units were sold in the domestic market, with a year-on-year increase of 126.0%, and 659 units were sold in the export market, with a year-on-year increase of 15.4%

by analyzing the changes in the sales volume of China's mining machinery market in the same period in recent ten years, it is found that the sales volume from January to July 2017 far exceeded the level of the same period in recent two years, and was close to the sales volume in the same period in 2012. Affected by the growth of market demand and the low base in the same period of 2016, the year-on-year increase in the sales volume of China's mining machinery market from January to July 2017 reached a record high. According to the seasonal characteristics of mining machinery sales, the sales volume from January to July accounted for about 70% of the annual sales volume. In 2017, the sales volume of polyurethane sheath biospan-s is expected to be between 110000 and 120000 units, with an increase of more than 50%. After selling less than 100000 units for three consecutive years from 2014 to 2016, there is little doubt that the sales volume in 2017 will again exceed 100000 units

excavators rose steadily

by analyzing the sales situation of China's mining machinery market in the past three years, it is found that China's mining machinery market has grown rapidly since the second half of 2016, with an increase of more than 70% for four consecutive months from September to December 2016, and the industry's growth momentum was stronger from January to July 2017, with an increase of more than 100%. From January to July 2017, the sales volume of most enterprises increased significantly, especially the rapid growth of the sales volume of leading enterprises in the industry drove the overall growth of the industry. Among the top ten enterprises in the industry, the sales volume of seven enterprises increased by more than 100%. Sany. XCMG's market share continues to rise rapidly, of which XCMG's market share has approached the 10% mark. Compared with the rapid expansion of leading enterprises, the sales volume of small and medium-sized enterprises in some industries increased slowly, or even fell instead of rising, and the market concentration of the industry continued to improve

from January to July 2017, the market share of mini mining machinery with tonnage less than 6 tons has reached 19.5%. With the continuous improvement of urbanization and the increasing demand for machine replacement, the future market prospect of mini excavators is still promising

through the analysis of the changes in the product structure of China's mining machinery market in the past year, it is found that the market share of small excavation has fallen significantly after rising, and the market share of medium excavation and large excavation has rebounded. The impact of investment on medium and large-scale excavation is more significant. The market recovery driven by investment is also more reflected in the improvement of sales and market share of medium and large-scale excavation

from January to July 2017, the market concentration cr4=52.8%, cr8=76.5%. The market concentration is basically the same as that from January to June. At present, China's mining machinery industry has entered the industry with high market concentration. From the change of market concentration of mining machinery in China in the past year, there is a certain deviation between Cr4 and CR8, which shows that the market competitiveness of leading enterprises remains strong, and the market competition of enterprises outside TOP4 is increasingly strong

from January to July 2017, the domestic sales of large-scale excavation, medium-sized excavation and small-scale excavation were 10652, 18295 and 48867 units respectively, with market shares of 13.7%, 23.5% and 62.8% respectively. Mini excavators of less than 6 tons and small excavators of 6-13 tons account for more than half of the domestic market share, and the long-term development trend of small excavators in the future is still promising

from the perspective of sales volume changes of products of different specifications, the sales volume of large excavation, medium excavation and small excavation increased by 6651, 10572 and 23828 respectively year-on-year, with year-on-year increases of 166%, 137% and 95% respectively. The market explosion was mainly driven by investment. The growth of demand for mines and infrastructure construction drove the market demand for large and medium-sized excavation, and the market demand for small excavation also continued to grow steadily under the condition of high base. Judging from the changes in product structure in the past year, the market share of small excavation has declined recently, while the medium excavation and large excavation markets have rebounded. The changes in product structure also reflect the recent changes in market demand

average operating hours is one of the important indicators to measure the construction demand of excavation machinery and determine the future development of the industry. According to experience, the break even points of large excavation, medium excavation and small excavation are 2500~3000 hours/year, 2000~2500 hours/year and 1500 hours/year respectively. When the construction demand exceeds the break even point, the market demand will increase significantly. According to the data released by Komatsu official, the change of the average operating hours of Komatsu construction machinery in the past year is basically consistent with the branch survey statistics. The increase in the average operating hours of equipment reflects the increase in downstream demand and provides steady support for market demand

various categories have great staying power

driven by the strong strength of excavators, compared with the sluggish sales situation in the first half of 2016, the loader market has significantly warmed up this year, showing a rapid growth trend. In the first half of 2017, 26 loader manufacturers sold 49088 sets in total, 39776 sets in China and 9218 sets for export. Overall, the total sales volume in the first half of 2017 increased by 31.88% compared with that in the first half of last year. Among them, 30411 5-ton models with poor reproducibility were sold, accounting for 61.95%; 10767 sets of 3-ton models were sold, accounting for 21.93%; 4040 small packages of less than 3 tons were sold, accounting for 8.23%

according to the research of relevant institutions, in June 2017, the 10 major bulldozer manufacturers included in the statistics sold 494 bulldozers, with a year-on-year increase of 51.07%, achieving a year-on-year high growth of more than 50% for three consecutive months. In the first half of the year, a total of 3269 bulldozers were sold, with a year-on-year increase of 35.47%

in the first half of this year, the export of bulldozers was also a bright spot. According to the research of relevant institutions, 781 bulldozers were exported in the first half of the year, accounting for 23.89% of the total sales. Export sales increased significantly in the first half of the year, especially from February to May. The export growth rate of bulldozers exceeded 100%, 123.5%, 181%, 225% and 155.3% respectively. The growth of export growth also drove the overall sales growth of the industry

Shantui's bulldozer market share is about 70%, reaching a historical peak of 82.34% in February 2017. As the bulldozer industry has been depressed for many years, the concentration of the industry has been continuously improved. CR3 accounts for more than 85% in the industry. Industry entry barriers continue to strengthen. When the industry ushers in recovery, leading enterprises will benefit the most from the instability of the pilot flow if they cannot. This can be seen from the semi annual forecast of the enterprise: in the first half of 2017, Shantui's performance forecast, the profit in the first half of 2017 was 45-60 million yuan, with a year-on-year increase of 226%~335%

the high growth rate of the mining machinery market in the first half of 2017 was not only related to the growth of market demand, but also affected by the low sales base in the first half of 2016. Having experienced the last round of market "storm", in the face of this market recovery, the development of the industry is more objective and rational. Affected by the superposition of macroeconomic recovery, real estate investment growth, PPP project landing, renewal cycle, product inventory cycle and other factors, the objective market environment has changed, and this growth trend is difficult to sustain for a long time

at present, the national regulation of real estate has been further strengthened. In June 2017, the growth rate of real estate investment continued to decline to 5.5%. In the future, the growth rate of real estate investment may continue to decline, which will affect the future development of the mining machinery market. As another important force driving the mining machinery market, the growth rate of fixed asset investment has also declined, which may affect the downstream construction machinery market

in 2017, China's construction machinery industry is also facing some risks and challenges. From the perspective of market performance, although the domestic market shows signs of bottoming up, the construction machinery market is still facing challenges such as de stocking, real estate regulation, local financial pressure and so on; The problem of "large but not strong" industry is still prominent. Most small and medium-sized enterprises still have problems such as the high proportion of low-end products and disorderly expansion of production capacity

overseas, the recovery of the international construction machinery market is still slow, and the industrial output and investment are still declining. Many overseas market rebounds are mostly based on the "make-up" of low base. Whether it can stabilize remains to be further observed, because in some emerging markets, the sharp fluctuations of exchange rates have a significant impact on market size and growth, and may even far exceed the impact from downstream in the short term

according to the development trends and historical laws of the industry, it is expected that the sales growth in the second half of 2017 will fall, and there may be zero or even negative growth in some months. The annual sales trend is close to that of 2012 and 2013